Ontario still the job loss leader in Canada, we are #1
cbc.ca/news/business/canada-lost-10-000-jobs-...
cbc.caPosted Dec 5, 2014, 3:26 PM UTC
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cbc.caThe problem is Ontario elected Mike Harris. During the Harris years employment increased at unsustainable rates.
It took McGuinty/Wynne the better part of 10 years of hard work to bring employment levels back down to sustainable levels.
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This is perfect. I best if I put this on facebook many of my OLP fans will upvote it.
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I can't tell if sarcastic?
It would be absurd to blame our current governmental disaster on Mike Harris.
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If Harris didn't create jobs for all those thousands of Ontarians, then McGuinty/Wynne wouldn't have produced any job losses. It's all Harris' fault.
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I blame Obama, and the devil.
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Fucking Common Sense Revolution, what we need is a Charlatan Wynne Revolution.
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Except for a brief blip last month, Ontario's unemployment rate has been about .5% higher than the national average since 2004, one year after the Liberal party took office in Ontario. Before that we were consistently below the national average.
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The west pulled up the national average during the energy boom.
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How DARE they do well. F'kin' bastards and their economy.
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Tribes of illiterate feudal peasents ruled by violent warlords manage to get rich and create the wealthiest cities in the world through access to fossil fuels.
Albertans, by contrast, manage to achieve a middle-class existence.
Yippee.
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THEY took our jobs!
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they weren't doing so well when oil prices were in the doldrums.
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If we only looked at the submissions on this subreddit, I guess we really could believe that Ontario is losing jobs...but we'd be wrong.
For example, October was extremely good for Ontario. September wasn't too bad either. However, month over month shifts really don't matter. Job reports are as sporadic as the stock market on a short term basis; annual results are a lot more telling.
Over the past 12 months, employment in Ontario is up 53,000 jobs. We're gaining jobs, not losing them. We could doubtless be doing better but we're moving in a positive direction.
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But how much did the population go up? These stats are best to be looked at on a per capita basis.
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If you're concerned about the unemployment rate, then look at the graph that shows our unemployment rate going down consistently over the past four years, and rather dramatically in 2014.
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Do you really think so? When I look at the provincial numbers it is barely acceptable at best. For example, in the last year our participation rate has gone down marginally which is not a sign of a growing employment market. I see our unemployment down 26k but our population up 127k in the same time frame.
Anyone can look at these numbers with different prejudices to suit their ideological bent, but these aren't numbers that any government could crow about and as I mention in another post in this thread, we are continually above the national average which for a large,centrally located province is a disgrace.
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Participation rates are dropping essentially everywhere due to aging populations.
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Please note that if there is any regulatory tweak, any backroom deal, any small action (and some big ones) that the Harper government can do in order to attack Ontario for its ideological sins, and degrade it in terms of economy and political power in favour of resource-extraction firms based in Calgary, they will take that action. I'm surprised Ontario has been doing so well when the ruling party this last eight years has been attacking it at every turn!
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I'm actually more concerned about the participation rate.
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Participation rates are fickle, but they have been trending downwsrds essentially everywhere due to aging populations, Boomers are retiring and it is showing in the participation rate.
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In the past year the population of the province increased by 1.1%. Labour force increased by 0.4%. Employment increased by 0.8% so the unemployment rate fell.
A more detailed analysis is required to determine the "real" situation because the gap between 1.1% more people but only 0.4% joining the labour force is important when dealing with fractions of a percent. Unemployment fell as mentioned but so did the Employment rate (by 0.2%)
Ontario is pretty much "as average as can be" in terms of the figures
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We could doubtless be doing better but we're moving in a positive direction.
How on Earth can you believe that the trend is towards 'more jobs'? The 'trend' is clearly towards fewer jobs as a direct result of the falling cost and complexity of labor saving innovations. Robots will do to most jobs what computers did to switchboard operators. Our present economy is built upon pillars of sand, and yet your "everything is peachy" sentiment is shared by most folks. We're completely unprepared for the tumultuous changes that we must implement if we are to continue to live harmoniously in light of the rapidly approaching end of widespread employment, and yet I can almost guarantee that you'll dismiss me as a luddite while arguing that 'new jobs will appear because that's how it's always worked'.
I'll never understand our species.
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Downvote for editorializing the headline
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I hope people read the last paragraph
"This seems like a natural pull-back following substantial employment gains in September and October," Scotiabank said. "Given the volatility that we've seen in recent releases, we caution against drawing too many conclusions on this one data point."