61K Canadian Jobs Shed In March

by matttbastard

wheeeeeeeeeeeeeee

Another month, another round of massive job losses in Canada:

Canada is shedding jobs at a rate not seen since the deep recession of the early 1980s, as March saw another 61,300 workers join the ballooning ranks of the unemployed.

The loss brought Canada’s official unemployment rate to eight per cent, the worst in seven years.

Statistics Canada noted that since the peak in October, employment has fallen each month for a total of 357,000, representing 2.1 per cent of the work force. That is the most since 1982.

[…]

Economists had been expecting another poor jobs report with about 55,000 jobs lost.

But the reality was slightly worse, and much worse if the 18,200 jobs increase in part-time work were taken out.

Rising part-time work at a time of falling employment is usually an indicator that Canadians are settling for whatever jobs they can find. Among full-time workers, the contraction in employment was another outsized 79,500 in March.

So.  As Uncle Steve and the Harpercons sadly continue to lose their shit, the Canadian job market keeps hemorrhaging. And, waiting in the wings, we have Iggy and the Torie-lites, ready to save us all by doing, er, pretty much the same bullshit Harper and Co. have been doing, only with less asshattery, sweatervests and painfully-forced smiles.

We are so fucked.

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Record-Breaking Canadian Job Losses in January

by matttbastard

Happy Job Catastrophe Friday:

The recession hit home where Canadians live last month as a massive 129,000 workers joined the ranks of the unemployed and the country’s jobless rate surged to 7.2 per cent.

It was the worst monthly employment drop in at least three decades, topping figures seen in either of the two previous recessions in the 1980s and 1990s.

Almost all the jobs were full-time and were mostly in a battered manufacturing sector that has been most affected by the severe downturn in the United States.

The carnage was everywhere. Ontario shed 71,000 jobs, half in the manufacturing sector. British Columbia and Quebec workers were also hit hard with losses of 35,000 and 26,000 respectively.

Since October, when most economists say the global recession hit Canada’s shores, the country has lost a whopping 213,000 jobs, wiping out a year’s gains.

Somebody get Guinness on the horn — Statistics Canada calls this “the largest employment decrease since the agency began keeping what it described as comparable figures in 1976.”  Highly “regrettable” hemorrhaging, as hapless Finance Minister Jim Flaherty blandly  put it last night.  Understatement as performance art — I love our (probationary!) Conservative government.

And let’s not be Negative Nancys.  Displaying that keen sense of priorities that sets apart the Queensway elite from the scrum, Chantal Hebert proudly reports that civility has finally returned to the House of Commons, welcome news that should help salve the pain of economic woes.  Try not to rejoice too boisterously (not that y’all can, um, afford to celebrate with anything more extravegant than a bottle of Baby Duck and a box of Kraft Dinner).

Anyway, here’s hoping those 129,000 newly unemployed individuals are all eligible for EI.

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