Statistics Canada has proclaimed the end of the recession in Canada, reporting that thecountry’s real gross domestic product (GDP) rose 0.4 percent in the third quarter of this year, which ended on September 30.
StatsCan has previously reported that overall employment in the country rose by 31,000 jobs in September. But that figure is something of an illusion.
First of all, it masks the fact that 24,500 people left the workforce and 11,300 of the new jobs were in the self-employment category, which is often extremely-low-income.
Secondly, it also masks the fact that while 36,400 jobs were created in the public sector, 17,100 jobs were lost in the private sector.
It all translates into an overall net loss of 4,800 jobs, including more than 17,000 jobs in the private sector.
What those first five paragraphs mean is that while worker productivity is increasing, employment in the private sector is not. read more »