The unemployment rate sits at 7.4 per cent with 1,394,700 unemployed Canadians. Those dismal numbers are courtesy of the newly-released Labour Force Survey for November 2011 by Statistics Canada.
If that was not enough bad news, the Organization for Economic Co-operation and Development (OECD) says Canada is among the nations heading towards an economic slowdown in the coming months.
“The numbers don’t lie. Our government is failing Canadians. Allowing corporations to continue offshoring jobs is adding to the unemployment problem,” said George Doubt, TWU National President.
Write to your MP and demand that the government save our communities and send a clear message to corporations that we have had enough of our good jobs being offshored. It is time to keep jobs in Canada. Go to: http://www.keepjobsincanada.ca/contact-your-mp.html.
Quick Analysis from CLC Senior Researcher Chris Roberts
Canada’s job market continued to sputter in November. Having been essentially flat since July, employment fell for the second consecutive month. The labour market lost a net 18,600 jobs, with all of the reduction coming in part-time work, which fell by 53,300. Many of these part-time jobs were among the self-employed, with 27,500 jobs lost from last month. Full-time jobs rose by 34,600 in November, making up only half of October’s full-time job losses. The number of unemployed Canadians increased for the second straight month, climbing up 20,500 to 1,394,700. The unemployment rate rose to 7.4% up from 7.3% in October and 7.1% in September. While employment in manufacturing fell for the second month in a row (-7,300), job losses in November were concentrated in services (-43,900), particularly retail and wholesale trade (-34,100) and business services (-29,200).