Jobs, Economy and Environment

Weak private sector job numbers back speculation around economic recession

July 10, 2015

Job numbers released by Statistics Canada today are consistent with recent speculation around whether Canada’s economy has fallen into a recession.

Job creation has slowed; 66,000 jobs were created in the first quarter of 2015, only 33,000 were created in the second quarter.

The numbers also show there was a small market correction to the over abundance of part-time, precarious work and lack of full-time jobs. Canada’s labour market lost 71,000 part-time jobs and gained 65,000 full-time jobs.

Public sector hiring – not private sector hiring – accounted for most of full-time gains, providing 42,000 full-time jobs in June, mostly in British Columbia and Alberta.

“It’s good to see more full-time work created, but the overall economic picture is still grim,” said CLC president Hassan Yussuff.

“Canadians need a new government that will take us in a new direction that creates enough full-time, secure jobs to make up for years of labour market stagnation.”

Recent trade data shows that Canada’s exports continue to fall despite a lower dollar, dashing economists’ hopes that exports would spark economic growth.

“We need a new government that will work with the provinces and the territories to develop a solid manufacturing strategy if we are going to see exports spark the economic growth we need,” said Yussuff.

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