Canadian Economy Lost 88,100 Full-Time Jobs In August

A massive loss of full-time jobs raises concerns about our so-called “growth”.

From the outside, the August jobs report doesn’t seem too bad. There was a net increase of 22,000 jobs, and the unemployment rate fell to 6.2%.

However, a closer look reveals a big concern.

88,100 full-time jobs were lost, while 110,400 part-time jobs were created.

An economist from CIBC said the report was “Overall, a mixed bag of good headlines with weaker details.”

This continues a disturbing long-term trend in the economy, as good secure jobs are harder to find, and precarious employment takes over.

35,900 service sector jobs (typically lower-paying and less secure) were created in August, but 13,700 factory jobs, and 11,100 manufacturing jobs were lost in that same time period.

The slow destruction of the middle-class

For decades, the middle-class has been eroded bit-by-bit. A combination of so-called “free trade” deals that benefit big corporations by shifting good jobs from countries like Canada to countries with cheap labour, regulations that restrict growth and innovation, and the expansion of government at the expense of taxpayers, has increasingly divided our society. A small elite has pocketed increasing wealth, while the vast majority of us are forced to struggle in precarious conditions, burdened by increasing debt and a higher cost of living.

This is not sustainable, and the focus on short term “growth” ignores these serious underlying problems.

Unfortunately, the consensus that giving cheap labour countries more access to our markets (at the expense of our workers) is somehow a good idea, remains dominant among the elites. Now, Trudeau is pushing for free trade with China, which will massively accelerate the loss of good jobs in the country. If that happens, the 88,100 full-time jobs our economy lost in August will be just the beginning of the end for what’s left of middle-class Canada.

Spencer Fernando

Photo – YouTube

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Jen

The liberals wants you to be dependant on them to survive; that how socialist gov operate. When jobs are minimum the gov can then decide who works where how and take home pay is decided by the gov. Take a hard look at the media: They may ‘TRY’ to sound tough but are all POWERLESS.. as they are heavily control by the gov particularly the liberal gov. None of those reporters have voice of their own: to speak out for their country against the gov that is going out of its way to destroy it. Businesses can take so much… Read more »

jack grandville

By now, anyone who cannot see the writing on the wall is not only blind but also deaf and dumb as well. This type of governance cannot continue with this inane tax and give away, allow the international bankers access to our economy in a way that can only benefit them and not the citizens of Canada, and declaring open borders. I have no in-depth knowledge of the intricacies of finance, but I certainly can sense a disaster when it is on the horizon. If someone or something does take appropriate steps to end this madness and bring us back… Read more »

Christine

Trudeau and company Liberal government are giving it another go at destroying more jobs by taxing small businesses who provide 70% of the canadian jobs. The big corporations are useless since only 10% of the canadian workforce is employed there.

Jim

Are the Liberals completely and utterly hopeless or what?

2015 Liberal Election Promise – Budget Surplus / (Debt)
2016 – 2017 (9.9) billion
2017 – 2018 (9.5) billion
2018 – 2019 (5.7) billion
2019 – 2020 +1.0 billion
Total (24.1) billion

2016 Liberal Actual / Forecast – Budget Surplus / (Debt)
2016 – 2017 (23.0) billion actual
2017 – 2018 (28.5) billion forecast
2018 – 2019 (27.4) billion forecast
2019 – 2020 (23.4) billion forecast
Total (102.3) billion

Gerry Burnie

The lost jobs appear to be salaried positions, so the companies are probably shedding employees before that minimum wage goes up.