Canada lost 10,000 jobs in November; Dollar drops to lowest level in 5 years - Polidicks

[QUOTE]fter two straight months of large gains, Canada's economy lost more than 10,000 jobs last month and the unemployment rate inched up to 6.6 per cent. Statistics Canada reported Friday that there were 10,700 fewer jobs in November than there were a month earlier. The economy actually added more than 5,000 full-time jobs, but that was offset by a decline of 16,000 part-time positions. The loonie dropped to its lowest level in more than five years on the weak showing, trading hands at 87.48 cents US at the close. Earlier, it briefly touched as low as 87.21 cents US. That's the lowest it's been since July 2009, when the Canadian economy was starting to come out of recession. Scotiabank's economics team struck a cautious tone on the weak jobs showing. "There are roughly 3.5 million part-time workers in Canada and about 305,000 of those are involuntarily part-time, so any switch away from part-time to full-time work can be a sign of a healthier labour market," the bank said. Across the country, employment declined in Ontario, which lost 34,000 jobs, and Saskatchewan, while it increased in Quebec as well as Newfoundland and Labrador. Quebec posted the biggest monthly gain, adding more than 19,000 new jobs — the first time in the more than six months that the province has shown any jobs growth. By sector, retail was the hardest hit, shedding 42,000 jobs. Meanwhile, the agricultural sector added 8,000 jobs during the month. Goods-producing sectors added 17,000 jobs, Scotiabank noted, while service-production jobs were the big dampener, losing 28,000 positions. Although a weak showing, the monthly numbers were pretty much in line with what economists had been expecting — a small decline in the number of jobs after two big months, and a slight uptick in the jobless rate. "This seems like a natural pullback following substantial employment gains in September and October," Scotiabank said. "Given the volatility that we’ve seen in recent releases, we caution against drawing too many conclusions on this one data point."[/QUOTE] [url]http://www.cbc.ca/news/business/canada-lost-10-000-jobs-in-november-1.2861560[/url]

While the number's not really surprising, I'm more surprised that retail shed that many jobs since the Christmas season is just getting into full swing.

[QUOTE=Prez;46657325]While the number's not really surprising, I'm more surprised that retail shed that many jobs since the Christmas season is just getting into full swing.[/QUOTE] they'll regret it during boxing day

And just as I want to buy things from the US too :(

North Dakota should hire Canadian construction workers to help out with the housing boom there. Theres a shortage of them there.

in canada: [quote]43,100 were created in October and 74,100 in September.[/quote] so out of context [url]http://www.torontosun.com/2014/12/05/canada-loses-10700-jobs-in-nov-after-two-months-of-big-gains[/url]

I wonder if this is at all related to the fact that many Safeway stores started closing down last month? It took them a while to prepare after being bought out by Sobeys

We should just get rid of the idea of inflation and anything that makes a 1 dollar loony less then 1 dollar.

[QUOTE=Prez;46657325]While the number's not really surprising, I'm more surprised that retail shed that many jobs since the Christmas season is just getting into full swing.[/QUOTE] Even where I work we're behind expectations by up to $50K a day compared to last year.

The thing is that everything seems to be about job creation, but businesses don't necessarily want to create jobs and advances in technology are reducing the amount of jobs needed. When 3D Printers, Drones, etc take off (if they actually figure out how to 3D Print fully functional electronics like somebody was suggesting) jobs are gonna plummet in certain fields.

time to start building own space industry ... oh wait ... your air industry was crushed with Avro cancelation so experts moved to NASA

Take that you socialists!

[QUOTE=Smeetin;46658202]The thing is that everything seems to be about job creation, but businesses don't necessarily want to create jobs and advances in technology are reducing the amount of jobs needed. When 3D Printers, Drones, etc take off (if they actually figure out how to 3D Print fully functional electronics like somebody was suggesting) jobs are gonna plummet in certain fields.[/QUOTE] I'm confident in saying fully functioning electronics will never be 3D printed on a mass scale. 3D printers are over hyped so badly. It's like no one actually has any idea how things are actually fabricated and assumed 3D printers will just be able to do it all one day.

[QUOTE=Dwarden;46658267]time to start building own space industry ... oh wait ... your air industry was crushed with Avro cancelation so experts moved to NASA[/QUOTE] Such bullshit by the way

[QUOTE=Smeetin;46658202]The thing is that everything seems to be about job creation, but businesses don't necessarily want to create jobs and advances in technology are reducing the amount of jobs needed. When 3D Printers, Drones, etc take off (if they actually figure out how to 3D Print fully functional electronics like somebody was suggesting) jobs are gonna plummet in certain fields.[/QUOTE] 3d printers will never overtake the current plastics industry because injection molding is quick and effective.

[QUOTE=Aide;46659681]3d printers will never overtake the current plastics industry because injection molding is quick and effective.[/QUOTE] How complicated and complex of an object can injection molding create, though?

[QUOTE=A B.A. Survivor;46660477]How complicated and complex of an object can injection molding create, though?[/QUOTE] I believe most things made from plastic are made that way these days.

[QUOTE=No_Excuses;46658782]I'm confident in saying fully functioning electronics will never be 3D printed on a mass scale. 3D printers are over hyped so badly. It's like no one actually has any idea how things are actually fabricated and assumed 3D printers will just be able to do it all one day.[/QUOTE] In our lifetime, no, it's not gonna happen. One day? Maybe. Claiming technology will never get to a certain point is a great way to sound like a moron in the history books. Everything's impossible until it isn't. '3D printing as we know it' isn't going to be mass-producing electronics any time soon, but for '3D printing as we don't know it,' the task may well be trivial.

[QUOTE=A B.A. Survivor;46660477]How complicated and complex of an object can injection molding create, though?[/QUOTE] All depends on the mold. The company I worked at had their own small 3 person team dedicated to creating new molds. The molds are heavy and require overhead cranes. This is pretty close to machine my previous employer used. However it was much larger. [media]http://www.youtube.com/watch?v=_ibXqOihtC8[/media]

[QUOTE=JohnFisher89;46658402]Take that you socialists![/QUOTE] What's the point of having a job if all your savings go towards a medical bill. Socialism fo' lyfe.