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  Msg # 1988 of 2222 on ZZCA4347, Monday 7-14-24, 8:35  
  From: ABC  
  To: ALL  
  Subj: Canada adds 31,000 jobs in September  
 XPost: can.atlantic.general, can.francais, soc.culture.quebec 
 From: abc@123.cl 
  
 Canada adds 31,000 jobs in September 
  
  
 October 9, 2009 9:10 AM 
  
  
 The Canadian economy gained a much better-than-expected 31,000 jobs in 
 September, driven mostly by full-time jobs, Statistics Canada said 
 Friday, as the economy continued to show signs recovering from the 
 country€s first recession since the early 1990s. 
  
 The Canadian economy gained a much better-than-expected 31,000 jobs in 
 September, driven mostly by full-time jobs, Statistics Canada said 
 Friday, as the economy continued to show signs recovering from the 
 country€s first recession since the early 1990s. 
 Photograph by: File, Reuters 
  
 OTTAWA € The Canadian economy gained a surprising 30,600 jobs in 
 September, driven mostly by full-time jobs, Statistics Canada said 
 Friday, as the economy continued to show signs of recovering from the 
 country's first recession since the early 1990s. 
  
 "September's full-time increase of 92,000 € the largest since May 2006 
 € was partially offset by part-time losses of 61,000," the federal 
 agency said. "Construction, manufacturing and educational services saw 
 employment increases in September, while there were declines in 
 transportation and warehousing." 
  
 The federal agency said the unemployment rate fell to 8.4 per cent from 
 8.7 per cent in August € the first monthly decline since the beginning 
 of the labour market downturn in the fall of 2008. 
  
 Most economists had expected 5,000 additional jobs during the month, 
 with the unemployment rate rising to 8.8 per cent. This follows a 
 surprise gain of 27,100 jobs in August. That gain was driven mostly by 
 part-time positions, but was the first month in four that there hadn't 
 been a net loss of positions. 
  
 The report also noted that employment in the beleaguered manufacturing 
 sector increased by 26,000 in September € the first notable increase 
 since February 2009. Employment in construction rose in September by 
 25,000 and educational services saw a gain of 18,000 jobs. 
  
 In an interview with a Toronto radio station Tuesday, Prime Minister 
 Stephen Harper said real recovery would be evident in Canada when the 
 jobless rate starts to fall. 
  
 "I don't think the recovery really has kicked in earnest until we start 
 to see the kind of (improvement) that starts to turn around the 
 unemployment situation," Harper said. 
  
 Millan Mulraine, economics strategist at TD Securities said the 
 positive figure ". . . will certainly lead the Bank of Canada to focus 
 on the timing of future interest-rate increases set out in its 
 conditional commitment to hold interest rates at the current level 
 (0.25 per cent) until the second quarter of 2010." 
  
 "Nonetheless, while for now we continue to expect the policy rate to 
 remain unchanged until the fourth quarter of 2010, we think that the 
 risks of an earlier move have increased dramatically," he said. 
  
 Tuesday, the Reserve Bank of Australia became the first of the G20 
 nations to raise interest rates since the onset of the recession. 
  
 "Just to give a sense how abruptly Canada's labour market has turned, 
 in the past six months, the economy has managed to lose next to no jobs 
 € yet in the prior six months ending in March, the economy had lost a 
 cannonading 354,000 jobs," said Douglas Porter, deputy chief economist 
 at BMO Capital Markets. 
  
 "Today's report also highlights the deep divide between the North 
 American job markets, with Canada in a much friendlier place." 
  
 A U.S. Labour Department report two weeks ago showed employers there 
 cut 263,000 jobs in September, pushing the unemployment rate up to 9.8 
 per cent. 
  
 --- SoupGate-Win32 v1.05 
  * Origin: you cannot sedate... all the things you hate (1:229/2) 

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