1. 7.3% isn't too bad. Not great but nothing to panic about.
2.
andyt andyt:
Since your pic can't even get the number right, just how much validity does it have. Or is that extra .2% just rightwing bias allowance.
Not even that. It's not up 7.3% (or 7.5%), it's up
to 7.3%, which is an increase of only 0.01% [(18,006,300-18,008,600)/18,008,600] x 100. So that's the number you should have on your meme, dummy, 0.01%!
3. Losing 2,300 jobs isn't much (0.0%) It's a small figure. We lost twice as many the month before. Added 23,000 in December. The five year trend remains positive. 17,142,900 jobs in Feb 2011, 18,006,300 in Feb 2016.
4. Most of the job losses are petroleum and other resource jobs. Such is the nature of a supply schedule: price falls, output falls. Output falls, fewer workers needed. 8,900 down continuing a trend that began when crude prices began to dive at the end of 2014.
5. On a year-over-year basis, employment grew by 0.7% (+118,000), with the gains mostly coming from full-time work (+82,000 or +0.6%). At the same time, the number of hours worked increased by 1.0%.
6. The decline in service jobs is a bit troubling (-20,000 in health care, though still up 61,000 or 2.7%, year-over-year; -17,000 in education which puts it down slightly over last year). The good news is that job losses here mean reduced taxpayer commitments. Other service sectors (maintenance, etc.) were down by 15,000 though still largely unchanged compared to last February.
7. Business, and construction were up 13,000 to almost the same number as last year.
8. Agricultural employment rose by 7,200 in February. On a year-over-year basis, employment in the industry was little changed. Meh, winter in Canada.
9. Manufacturing is up 41,000 jobs (2.4%) from last February, though most of that growth is in Ontario.
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