[Newsbot]

Title: Economy lost 71,200 jobs in November, unemployment rate climbs to 5.9 per cent | CTV News
Category: Economics
Posted By: uwish
Date: 2019-12-06 07:34:59
Canadian

[N_Fiddledog]

Meanwhile in Trump's America:

* U.S. payrolls rise 266,000 in November, topping all estimates

* Stock futures jump as unemployment rate falls to 3.5%

"Between a strong economy and ammunition for more Federal Reserve rate cuts, investors showed they are happy to live with the former Friday, bidding up equities after the biggest addition to U.S. payrolls in 10 months. S&P 500 futures were pointing to gains that are likely to lift the cash index's total return in 2019 above 27% after 266,000 jobs were added in November, October was revised upward and the unemployment rate fell to 3.5%."

https://www.bloomberg.com/news/articles ... ce=twitter

[Thanos]

Odd how the real numbers always come out long after the election is over.

[DrCaleb]

Thanos Thanos:

Odd how the real numbers always come out long after the election is over.

The numbers come out this time every month.

[Thanos]

Pretty much runs completely contrary to the happy-happy-joy-joy the sunnydays & sunnyways crowd was pushing in the election though. And counter to all their claptrap in yesterday's throne speech. Maybe if enough of the job losses happened outside of Alberta this time they'll actually try to do something to solve the problem. Another $3 billion bailout for Bombardier, STAT! Yeah, that ought to hold the little SOBs.

[DrCaleb]

Thanos Thanos:

Maybe if enough of the job losses happened outside of Alberta this time they'll actually try to do something to solve the problem.

Have a look at the numbers. Eastern Canada took it on the chin, harder than Western Canada did. 11% in NL!

[DrCaleb]

Newfoundland and Labrador 11.2 per cent (11.1)
Prince Edward Island 8.0 (8.4)
Nova Scotia 7.8 (8.0)
New Brunswick 8.0 (8.1)
Quebec 5.6 (5.0)
Ontario 5.6 (5.3)
Manitoba 5.6 (5.3)
Saskatchewan 5.8 (5.1)
Alberta 7.2 (6.7)
British Columbia 5.0 (4.7)

[DrCaleb]

Ok, so .1% isn't really taking it on the chin, but 11% vs 7.2 % is quite a difference.

[Thanos]

It's really just the culmination of four straight years of anti-investment hostility from the federal government. Seriously, when they go out of their way to scare off the money that creates the jobs then why should any other result happen? This country...

[BartSimpson]

DrCaleb DrCaleb:

Ok, so .1% isn't really taking it on the chin, but 11% vs 7.2 % is quite a difference.

The worst unemployment in the USA is Alaska with 6.4% and that's skewed because so many people up there live off-grid subsistence-style (both natives and others) and don't care to earn much money anyhow.

[llama66]

BartSimpson BartSimpson:

DrCaleb DrCaleb:

Ok, so .1% isn't really taking it on the chin, but 11% vs 7.2 % is quite a difference.

The worst unemployment in the USA is Alaska with 6.4% and that's skewed because so many people up there live off-grid subsistence-style (both natives and others) and don't care to earn much money anyhow.

This is year 4 of the glorious neo-liberal utopia. This is perfection.

[BartSimpson]

When Canada approaches 90% unemployment, 300% debt-to-GDP, and 1,000,000,000,000% inflation you will know that you have achieved peak socialism!

[llama66]

BartSimpson BartSimpson:

When Canada approaches 90% unemployment, 300% debt-to-GDP, and 1,000,000,000,000% inflation you will know that you have achieved peak socialism!

I hear that's an XBOX achievement. Really rare, only Venezuela and Zimbabwe have unlocked it.

[BartSimpson]

[DrCaleb]

llama66 llama66:

BartSimpson BartSimpson:

When Canada approaches 90% unemployment, 300% debt-to-GDP, and 1,000,000,000,000% inflation you will know that you have achieved peak socialism!

I hear that's an XBOX achievement. Really rare, only Venezuela and Zimbabwe have unlocked it.

That achievement isn't available in the Chinese version of the game.