July’s Canadian Job Losses Unlikely to Spell Out a Long-Term Trend

On the face of it, the July unemployment numbers released by Statistics Canada on August 6, 2010 look quite disappointing: Unemployment increased across Canada, growing from 7.9% to 8%. The only bright spot really seemed to be Western Canada (whose economy is strongly dependant on the resource industries and on the commodity market trends). Unemployment in BC dipped 0.3 percentage points from 7.8% to 7.5%. However, hiring demand that that VicinityJobs.com gathers suggests that the worsening is unlikely to persist – at least in the Greater Toronto Area. Continue reading July’s Canadian Job Losses Unlikely to Spell Out a Long-Term Trend