He was commenting on the release by Statistics Canada of its Labour Force Survey for February 2011. There were 1,448,500 unemployed Canadians in February, well above the 1,138,400 who were unemployed in October 2008. The unemployment rate for February 2011 remained at 7.8%. It was 6.1% in October 2008.
Quick Analysis from CLC Senior Economist Sylvain Schetagne
The Canadian economy in February 2011 had fewer full-time jobs, but more part-time, self employment and temporary work. These are not signs of a strong job recovery.
The unemployment rate remained stable at 7.8%, but in reality, job quality decreased significantly last month. The number of full-time jobs was down by 23,800 while part-time work was up 38,900, for a net gain of only 15,100 jobs. In February 2011, Canada had 156,100 fewer full-time jobs than in October 2008, before the Great Recession began.
In February, self-employment was up by 25,500 while the number of all employees decreased by 10,400. In the private sector, the number of jobs decreased by 20,000. The number of temporary jobs rose significantly between February 2010 and 2011, from 1,646,300 to 1,740,000, despite what some people have described as a strong job recovery.
The number of unemployed Canadians barely changed in February (-1,100). Canada had 334,700 more unemployed individuals than before the beginning of the Great Recession, an increase of 30%.
The real unemployment rate in February 2011 (including unemployed workers, discouraged searchers, those waiting for jobs to begin, and involuntary part-timers) was 11.7%. That is the same number as in February 2009, at the beginning of the Great Recession.
Finally, the proportion of employed Canadians working part-time (19.7%) was up again in February 2011, near the record level registered during the Great Recession.
Contacts:
Sylvain Schetagne, CLC Senior Economist: 613-526-7412
Dennis Gruending, CLC Communications: 613-526-7431 or Mobile: 613-878-6040 Email: dgruending@clc-ctc.ca
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