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

By: Ian Campbell | Monday, November 5, 2012

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:

 

Author: Ian Campbell

Ian R. Campbell, FCA, FCBV
Business Transition Simplified

Through his www.BusinessTransitionSimplified.com website and his Business Transition & Valuation Review newsletter Ian R. Campbell shares his perspectives on business transition, business valuation and world economic and financial markets influences on those two topics. A recognized business valuation and transition authority, he founded Toronto based Campbell Valuation Partners Limited (1976). He currently is working to bring his business valuation and transition experience to both business owners and their advisors in our new economic, business and financial markets normal.

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