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Topic: Unemployment Rate Lowest in 30 Years
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Fidel
rabble-rouser
Babbler # 5594
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posted 13 July 2005 03:04 PM
I don't mean to sidetrack the main issue here, that the economy seems to be doing better now than during the Mulroney years, as well as the transition years from Mulroney's legacy, but Mel Hurtig says that the labour participation rate dropped from 67.2 percent when FTA came into effect down to 65.5 in the 1990's. Hurtig admits that 1.7 percent doesn't seem like a big number, but it represents the loss of some 272 000 jobs in the year 2000 alone. He also points to the deterioration in the quality of jobs through the 1990's. We're seeing more part-time jobs and fewer full time payroll jobs created. Altogether, part-time, "self-employed" and temporary jobs included, the private sector in Canada produced a pathetic average annual increase of only 88, 300 new jobs during the 1990's, compared to an average of 153 200 in the 1980's. A quote from Mel's book: quote: There is no question that Canada's poor employment performance has been the major event of the 1990's
So what is the average annual increase in Canadian jobs now in 2005 ?. [ 13 July 2005: Message edited by: Fidel ]
From: Viva La Revolución | Registered: Apr 2004
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