On Friday August 7, 2009, Stats Canada published their Labor Force Survey for July 2009 with the following data:
- The Unemployment rate remains steady at 8.3%
- Employment dropped by 45000 jobs
I always wonder about the power of statistics when I read this, but it is their data and they can present it however they wish.
Employment in July fell among young people aged 15 to 24 and women aged 25 to 54. Since the peak in October 2008, employment has dropped 414,000, predominantly among youths (-205,000) and men aged 25 to 54 (-201,000).
Those are pretty staggering numbers until you look at:
Employment among private sector employees fell by 75,000 in July, bringing total losses since October to 436,000.
That is almost 1/2 a million folks losing jobs since October, which is not a good thing. Continued job losses means, less tax intake by the government and possibly more output of cash in EI payments, get the feeling this government’s deficit is going to grow some more before the end of the year.
That is a very scarey graph especially how steep the slope of it is from 2008 to 2009.
The slope drop here is scarey as well.
At least with me starting work today, that is one less unemployed and one more on the employed side of things  :-).
Previous Months Unemployment for 2009
- Unemployment Up Sharply to 7.2% in January 2009 the impact of the great meltdown was starting to settle in.
- Bad Unemployment and No Pensions for February 2009 things were very not good back then.
- Unemployment Up Again to 8.0% March 2009 not too surprising really. March was still deep in the heart of the meltdown.
- Unemployment Up a Bit for April 2009 so these are the actual Unemployed count from Stats Canada
- More Folks on EI in April 2009 – a sad time still
- Unemployment Numbers up a Little – The numbers for June 2009
- For July 2009 Unemployment Rate Hovers – is this a plateau? Hard to tell.
- Better Employment Numbers September 2009 – shows that life started to get better as 2009 went on. We hoped.
- Less Employed in October 2009 8.6% Unemployed – OK so our hopes were dashed for a while.
- November 2009 Employment Numbers: A Festivus Miracle! a month early for Festivus, but good news, is good news.
- Nothing New on Jobs Front for December 2009 the year did not end with a bang unfortunately.
It’s alright though, in 9 months when all the EI runs out the unemployment numbers will get back to low levels, since all the not-working people will no longer be unemployed 🙂