Economy CBC: "this is not the jobs report of a weak economy"

[Scheme]

It's also worth noting that Canadian GDP per capita has now shrunk 5 of the past 6 quarters (as of April 24, 2024 StatsCan report):

Canada’s gross domestic product per capita: Perspectives on the return to trend

This article provides perspectives on the extent to which recent changes in gross domestic product per capita represent a departure from their long-term trend and discusses factors that have facilitated per capita growth in previous decades.

www150.statcan.gc.ca

Slower economic growth over the past year and near-record population increases fueled by temporary and permanent immigration have put the spotlight on recent trends in Canada’s gross domestic product (GDP) per capita. Real GDP per capita has now declined in five of the past six quarters and is currently near levels observed in 2017. Recent reports by Porter (2024), Ercolao (2023), and Marion and Ducharme (2024) have all stressed the trend towards weaker per capita growth, highlighting its negative implications for living standards and wage growth. Recent declines in per capita output have also brought concerns over Canada’s weak productivity performance to the fore, since historically, much of the long-term growth in GDP per capita has reflected sustained improvements in labour productivity.

 

[Loiosh]

Taking credit for the annual seasonal worker uptick lmao

I don't think so.

We've had a hard time hiring for the last couple of years, it's a pretty competitive job market these days. Pay is up all around.

 

[LeonardoBjj]

- USA is having a huge loss of jobs on the other hand. How those suposedly new jibs, are people returning to their old jobs, from the down caused by the covid?

 

[ColemanwastheGOAT]

In March we lost 2.2k jobs, but April we gained 90k?

Yeah I’ll take these stats with a grain of salt. Looks like a made up stat to keep interest rates high.

It's mostly part time jobs seasonal jobs. Cooked stats as usual.

 

[ColemanwastheGOAT]

Our headlines either leave that out, or say "more people are choosing part time work", like they're doing it for enjoyment because housewives just find it fulfilling to drive around town in their minivan to pick up shit from McDonald's to drop on people's porches for $6.

Also the idiot that started the thread just ignores posts pointing shit like that out lol.

The left wing intelligencia strikes again

 

[Andy Capp]

It's mostly part time jobs seasonal jobs. Cooked stats as usual.

Mostly. Yeah, like 50000 out of 90000 thousand. There was nothing misleading in what I posted. That's still 40000 FT positions filled which is double the expected number on its own. Stop being so obtuse.

 

[ColemanwastheGOAT]

Mostly. Yeah, like 50000 out of 90000 thousand. There was nothing misleading in what I posted. That's still 40000 FT positions filled which is double the expected number on its own. Stop being so obtuse.

You're one of those guys who says 'inflation is down' when the rate slows right?

 

[Andy Capp]

Also the idiot that started the thread just ignores posts pointing shit like that out lol.

The left wing intelligencia strikes again

See my post above then get bent.

 

[Andy Capp]

You're one of those guys who says 'inflation is down' when the rate slows right?

New inflation numbers will be out May 21. Hold your tool until then.

 

[Jack V Savage]

You're one of those guys who says 'inflation is down' when the rate slows right?

Genius, inflation is the rate of change. This post is like saying, "you're one of those guys who says 'this is heavier' when it weighs more, right?"

 

[fedoriswar37]

Lots of low paying "full time" jobs for the massive influx of immigrants being brought it and nobody can afford things. CBCs criteria for a good economy.