XPost: can.taxes, soc.culture.canada 
 From: fred@nospam.com 
  
 "abc"  wrote in message 
 news:20090904-153318.441.0@abc.shawnews.vc.shawcable.net... 
 > 
 > Canada posts surprise gain in employment 
 > 
 > 
 > September 4, 2009 
 > 
 > A Service Canada location in Toronto. Statistics Canada said Friday 
 > that Canada created 27,000 jobs in August, but due to a rise in job 
 > seekers, the employment rate rose 0.1% to 8.7% 
 > 
 > 
 > OTTAWA -- Canada posted a surprising gain in employment in August as 
 > the economy showed signs that it was beginning to pull out of a 
 > recession. 
 > 
 > Statistics Canada said Friday that 27,100 positions were added during 
 > the month, compared with 44,500 losses in July. The unemployment rate 
 > edged up to 8.7% in August from 8.6% the previous month. 
 > 
 > The gains were led by part-time and private-sector employment, the 
 > federal agency said. There were 30,600 part-time jobs added in August, 
 > while 3,500 full-time positions were lost. Hardest hit was the 
 > manufacturing sector, which shed another 17,300 in August. The biggest 
 > gains were in the retail and wholesale trade, up 21,200, and finance 
 > and real estate, up 17,500. 
 > 
 > Six provinces saw employment rise, with the biggest increases in 
 > Ontario, British Columbia and Quebec. Alberta lost the most jobs in 
 > August. 
 > 
 > "Since employment peaked in October 2008, total employment has fallen 
 > by 387,000 (down 2.3%),"the agency said. "The trend in employment, 
 > however, has changed recently. Over the last five months, employment 
 > has fallen by 31,000, a much smaller decline than the 357,000 observed 
 > during the five months following October 2008." 
 > 
 > Most economists had expected the economy to lose jobs in August, with 
 > the consensus being about 15,000 fewer positions. They also expected 
 > the unemployment rate to rise to 8.8%. 
 > 
 > "This report may not quite carry the good housekeeping seal of approval 
 > for the recovery, but it certainly is another big step in the right 
 > direction," said Douglas Porter, deputy chief economist at BMO Capital 
 > Markets. 
 > 
 > "While we can quibble about the details, the broader picture here is 
 > that the labour market is stabilizing, and apparently much faster than 
 > in the U.S." (The U.S. Labor Department said Friday that 216,000 jobs 
 > were lost in August, although that was less than analysts had 
 > expected.) 
 > 
 > Charmaine Buskas, senior economics strategist at TD Securities, said 
 > "the fact that the (Canadian) unemployment rate continues to rise has a 
 > bit of a mixed messages, as the initial interpretation is negative, but 
 > suggests that workers are slowly becoming more encouraged by better 
 > prospects in the job market." 
 > 
 > "Ultimately, this report, while positive, is not going to have much 
 > impact on the Bank of Canada. It has already committed to keep rates on 
 > hold, and one month of good employment numbers is unlikely to sway the 
 > decision." 
 > 
 > Avery Shenfeld, chief economist at CIBC World Markets, said: "Half a 
 > loaf, or in this case, half a job, is better than none, so an increase 
 > in Canadian employment driven by part-time work is still an encouraging 
 > signpost of an economic recovery now underway." 
 > 
 > The employment report follows some mixed signals of an economic 
 > recovery in Canada. 
 > 
 > On Thursday, the Organization for Economic Co-operation and Development 
 > said Canada's economy will contract 2% in the third quarter of 2009 
 > before edging up 0.4% in the final three months of the year. 
 > 
 > That's in contrast to forecasts by the Bank of Canada, which expects 
 > the country's gross domestic product to grow 1.3% in the third quarter 
 > of this year, followed by a 3% gain in the final three months of 2009. 
 > The central bank also forecast the economy will contract 2.3% overall 
 > this year and grow 3% in 2010. 
 > 
 > Last week, Statistics Canada reported GDP increased 0.1% in June, even 
 > as the second quarter declined overall by 3.4%. 
 > 
 > The outlook by OECD, a Paris-based group of 30 industrialized nations, 
 > shows Canada's recovery lagging along with the U.K., which is expected 
 > to decline 1% in the third quarter and be flat in the final quarter, 
 > and Italy, which is forecast to shrink 1.1% and grow 0.4%, 
 > respectively. 
  
 Nice polishing of a turd by the government. 
  
 With many households net income plumeting from job loss, then they get a new 
 job that pays less, then the other spouse needs to get a job.  For some, two 
 jobs. 
  
 And remember the government does not count those who want and need jobs that 
 are under employeed or no longer eligible for EI including consultants and 
 small business. 
  
 With the drag of government, banks and corporations on the middle class, our 
 recovery, if it occurs will be mute and last a decade or more.  Think, if 
 the government of Canada reduced personal income tax by 30% instead of 
 bailing out banks and select corporations sending money south and elewhere, 
 that would be a stimulus boost for the local economies coast to coast.  But 
 also a sin for government to leave people with their own wealth. 
  
 --- SoupGate-Win32 v1.05 
  * Origin: you cannot sedate... all the things you hate (1:229/2)