Canada's Job Market Tightens in October, What Does That Portend

By: Ian Campbell | Mon, Nov 5, 2012
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An article Friday reported that in October Canada added only a net 1,800 jobs when economists had been expecting a net gain of 10,000. This where 37,000 government jobs were added in October. The offset is found in a:

Concurrently, the work force is said to have increased by 18,000. It is coincident that 18,000 is a multiple of 1,800 where those two numbers pertain to different statistics. In tabular form:


Government jobs added   37,000
Private sector jobs lost 20,000  
Reduction in self-employed 15,000 35,000
Net new jobs (rounded)   2,000
Expected new jobs 10,000  
Work Force Increase   18,000
Net new unemployed   16,000


Consider the following:

In the past few weeks I have said on more than one occasion that I don't think Canadian's should be complacent, nor should they adopt an 'it can't happen here' attitude as they smugly watch what is happening in the Eurozone and the United States.

Canada seems to be approaching a stoplight that has turned orange - or so I think - and if you are a Canadian with your wealth in the financial markets I suggest you keep your antenna up and your radar screen 'on bright'.

Topical References: Canada's labour pains not over yet, experts say, from The Financial Post, John Shmuel, November 2, 2012 - reading time 3 minutes. Also read:



Ian Campbell

Author: Ian Campbell

Ian R. Campbell, FCA, FCBV
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