Job losses accelerate
Unemployment rate surges to 7.7 per cent; 295,000 positions gone since October
"Canada now appears to be losing jobs at a faster pace than the U.S...
Employers eliminated 82,600 jobs in Canada last month – a painfully steep decline, but one that was mitigated by the addition of 28,300 new part-time jobs, partially offsetting the drop of 110,900 full-time positions.
The ranks of the unemployed bulged by 105,800 people last month, boosting the total of unemployed people to 1.42 million, Statistics Canada said.
Harper made a point of using statistics to show Canada's strength, relative to the Americans. Interesting, that in the last three months, Canada has shed 40% more jobs per capita than the Americans. Harper's speech in Ontario was telling, because it has the most to brag about, it's unemployment rate now easily surpassing the carnage down south:
In other words, Ontario has shed 160,000 positions since October, including 35,000 in February alone. The unemployment rate surged 0.7 percentage points to 8.7 per cent last month
The American unemployment rate is 8.1%, so again you can see how well Canada's doing relatively. Good luck catching up Yanks, we got game, and the momentum to boot!
March 10, 2009, will be Stephen Harper's "mission accomplished" moment...
I swear it isn't me, but this is the second time this week I've posted, then minutes later saw the latest gem: