Canada adds 75,000 jobs in July, unemployment 6.4%
If you were looking for good news in today's employment report, you would emphasize the unemployment rate falling to 4.1%, a 2-year low. But this doesn't reflect job growth. The participation rate is plummeting.
I personally know so many underemployed recent college grads (not for lack of effort) and also 55+ involuntarily unemployed who are giving up on finding comparable jobs.
Thank you for providing clarity. People are really struggling out here.
So, retiring boomers and reduced immigration?
Do you have any fine print on the lower participation rate? Is this people with advanced degrees who've lost solid professional jobs and there aren't any comparable jobs available due to funding cuts? Or immigrants staying home due to ICE? Or women quitting b/c the daycare has closed?
not even close to keeping up with attrition. Boomers continue to retire and companies are just simply not replacing them.
Is the DOL justified in lowering the participation rate? I can understand that job seekers get frustrated and drop out of the labor force. But, this also seems like a judgement number that can be manipulated.
#Canada adds 75,000 new jobs in July, unemployment rate lowest in 2 years Statistics Canada says gains split between full-time, part-time work www.cbc.ca/news/busines...
Meanwhile in the downstairs meth lab, they lost 23,000 jobs.
The US lost 23 000.
And yet my #MapleMAGA conservative MP just sent me a newsletter stating that Canada is approaching a recession and the poorest performing country in the G7. 🙃 How’s that American economy doing compared to Canada bud? Last time I checked they are still in the G7. 🧐 #ConservativesLie
Mark Carney is the best conservative prime minister we could ever ask for. Just what we need right now.
Big accomplishment given Trump’s tariffs and his attempts to economically destroy Canada. Need to continue to buy Canadian and diversify trade away from the USA. Doug Ford stop buying American.
It should be interesting how PP responds to this!
While unemployment rates dropped across Canada… Alberta’s didn’t change, with the province now having the second highest unemployment rate across all provinces in Canada. #abpoli #ableg #cdnpoli
Is that the "Alberta Advantage" or is it just a sample of the distopian future of the Seperatists?
Something something "Alberta is calling" something something but not *you* or *you*.
AB drove away billions $ investments in renewable energy. Those projects are usually quite labour intensive, i.e. they create a lot of jobs. I hope ♥️'ing oil and gas was worth the unemployment.
Unemployment rates in the US are up. Overall it looks like Canada found the jobs Trump lost . Interesting ...
Alberta deserves it Hard to get investment when you're playing footsies with separatists
The Alberta Advantage was always conservative propaganda. Ps. Danielle Smith sucks.
unemployment rate going down to 4.1% with 23k jobs lost in a month and -100k revisions on top of that is some real "please, my data collection, she's very sick"
has anyone suggested a big boost to BLS funding to allow them to scale up their data collection operation given response rate gotterdammerung
it's time to nationalize and mandate use of adp
TBF I'm leaning towards 'please, my birth-death model, she's very sick', but I'm holding judgement for QCEW data later this month
to revise downward by 50,000 jobs may be considered a misfortune etc etc
US employers unexpectedly cut jobs in July and previous months were revised lower, suggesting the labor market may be facing challenges
Trump’s administration is hiding lots of bad news
Canada adds 75,000 jobs in July, unemployment rate hits two-year low. Hmmm, one of these two countries must be getting some terrible economic advice.
Unexpectedly?!? Uff. That bubble must be thick AF.
'Suggesting' the labor market 'may' be facing challenges? Seems a bit of an understatement.
Two initial takeaways from a US Jobs Report that saw job creation fall well short of consensus (-23,000 vs. +80,000 expected), accompanied by heavy downward revisions to prior months (-103,000), yet the unemployment rate edged lower to 4.1% (from 4.2%): Not good news for Main Street: The decline ...
...Both equities and fixed income markets should react positively to a downward shift in market expectations for Fed rate hikes due to this Jobs Report — a dynamic further reinforced by softer-than-expected average hourly earnings growth (3.2% vs. 3.5% expected). #economy #markets #jobs #employment
...in labor force participation (down to 61.4%) points to underlying issues with the supply side of the labor market, something that I have written about before. It needs to sharpen the focus on strengthening supply-side dynamics across both public and corporate policies Good news for Wall Street...
U.S. employers lost 23,000 jobs in July, as the labor market weakened in the face of myriad headwinds. The unemployment rate ticked down to 4.1 last month, continuing a years-long streak of low joblessness, according to new Labor Department data.