Art of the Deal, December 2018: Nonfarm payrolls surged by 312,000 in December. Economists surveyed by Dow Jones had been expecting payroll growth of just 176,000.
Art of the Fail, December 2018: In the jobs report Friday, the overall employment gain of 9,300 for December was deemed too low by Statistics Canada to be statistically significant.
Stasi Canada are now using the US gov’t shutdown as an excuse to stop publishing timely trade data, for fear it will make Justin look even worse.
Considering the border is just an arbitrary line on the map what could cause such a disparity ?
It’s as if some huge unidentified force was at work – encouraging/discouraging economic activity.
It does seem to be related to latitude, so it must be yet another result of human caused climate change.
China better start negotiating with the Americans before they lose their economy. China is tanking and the Americans are soaring. They might want to agree to even tariffs on manufactured goods. Also the Dow is already up 800 points today. Fear mongering didn’t seem to work. My only concern is – is the Fed going to crash the gravy train?
The only thing worth negotiating with Chairman Xi is what breed of cat he wants used to prepare his last meal.
The world simply isn’t big enough for both the US and China.
This will be the most under reported news story of 2019, the booming U.S. economy under Pres. Donald J. Trump policies. Suppressing news that shows Trump literally ‘Making America Great Again’, by the MSM in the U.S. (and Canada), is economic subversion by omission !
It’s a prima facie case of conspiracy.
The MSM by doing so make themselves irrelevant. Then they play the victim, as their audience shrinks along with their Ad revenue, by blaming “hate speech” , their epithet for digital commentators/news sites that are now more popular than the MSM.
Not to fear,as their,the media’s, add income shrinks the money backers of the Demons will simply put the media straight onto their payroll.
Oh wait..already done.
And the lamebrain in Canada follows suit ,using taxpayers money.
Meanwhile the media still seek to “discredit” critics of progressive policies by accusing them of nefarious financial backers.
Looks real good on them,that they cannot convince the public to buy their “product”.
“In the jobs report Friday, the overall employment gain of 9,300 for December was deemed too low by Statistics Canada to be statistically significant.”
At some point the general public will finally understand that zero growth was the goal, not an accident or a mistake.
GDP and job growth have been virtually identical both sides of the border.
While the US report is better than the Canadian one, when you dive deeper into the details, the growth in jobs was primarily experienced for those aged 55+. Those aged 20 – 54 experienced negative job growth.
Those numbers suggest to me that a) there may be large number of people coming out of retirement that now realize that they weren’t ready to retire and b) the younger crowd (20 – 54) are competing with the older crowd (those who should be retiring) for jobs.
https://www.zerohedge.com/news/2019-01-04/only-old-americans-found-jobs-december
I don’t know why a business would favour hiring old people. It’s not as if they have experience, a strong work ethic, and not to mention, the ability to converse in the writen and the spoken language, as opposed to a lack of experience, no work ethic, and an inability to make eye contact. It’s a puzzle for sure.
Exactly. And not to mention having tattoos from Ahole to T-kettle and having more nose and lip rings than the old bull in the back 40.
The word is “fit”. They only want to hire their peers.
Years ago, while I was looking for work after I quit my teaching job, I was interviewed by a number of firms. But they did that only to fulfill the requirement that all “eligible” candidates were considered. They had no intention of ever hiring an old coot like me.
It was their loss. I had more experience and qualifications than most of the kiddies put together, but I figured if they were so much smarter than me (since they tended to see themselves as the next Xerox or Microsoft or Apple), they didn’t need my advice.
OK, so they didn’t hire me. Instead, I lived off a modest investment portfolio that I had accumulated over a number of years and which I watched and managed quite closely. (I managed to pay my bills, but there was little left over for what I considered luxuries.) But, through that, I also figured out how to run a business after reading numerous financial reports as well as some good books on investing.
So, here’s some free advice, guys. First, if you want to stay in business, assets should exceed liabilities. People tend to stay solvent when that happens. Second, you don’t pay yourself first–you pay your bills. Suppliers and vendors, for some reason, insist that they want to be paid for their goods and services.
There. I told you what any MBA would say and charge a 6-figure fee for.
Seems like a lot of unemployed Canadians got a lump of black coal in their December stocking while a lot of Americans got a white Christmas.
Bingo!
And those job gains were part-time jobs while the losses were full-time jobs. I guess this is why wage growth is awful despite an increase in jobs. People who had good paying full-time employment (eg. resource industry) are getting laid off and the only jobs available are low paying, part-time service industry jobs (cash clerks, waiting tables). Going from secure high quality employment to transient low quality employment is not a good direction. Pretty much the complete opposite of the US.
If it was Harper’s conservative government, the media would actually break those job and wage numbers down and explain the good, the bad and the ugly. But now the media is being paid to kiss Trudeau’s ass and cover Trudeau’s ass so any remaining illusion of journalists being honest brokers is completely gone. For instance, did the media talk much about how badly Canada’s stock market and dollar performed last year? If it was the Consetvatives in power, it’d be daily news about how they mismanaged the economy.
of the 9300 hundred jobs created in Canada, I suspect 8500 of them were government jobs. Translation an increase in long term liability for the government.
So bankrupting Canada’s biggest single industry and replacing it with higher levels of illegal immigration of penniless refugees is not a growth strategy?
Who knew?
It depends on what they’re trying to grow. I maintain the Liberals are considering this a huge win.
Canada is a Joke :
https://www.smalldeadanimals.com/index.php/2019/01/04/trudeau-is-entitled-to-his-entitlements/#comment-1171737
See previous post ditto for here.
Jason Kenney on Facebook:
“Alberta’s job market shed nearly 17,000 jobs in December, according to the latest figures released Friday by Statistics Canada…a loss of 36,200 full-time positions.”
Yet the out-of-touch Notley NDP keeps boasting of its economic ‘recovery.’
Albertans know our province can do so much better. It’s time to renew the Alberta Advantage and reignite our economy.”
https://www.cbc.ca/news/canada/edmonton/alberta-job-market-1.4966002?cmp=rss&fbclid=IwAR0v1zFQLm5iY0UfJ3CFAU3LpyTeMhOmHlsfHybsuLslmWSyonsWdyDgfN8
marc in calgary:
Sorry to the rest of Canada for dragging your economy down to an embarrassing level, we’ll try to improve when you stop electing the imbecile PM Trudeau and his merry band of Liberal idiots…
Marc, we did our best here in Saskatchewan.
Well most of the province did their best. Where I live the locals elected an NDP MP and an NDP MLA both of whom are useless. At least the MLA refrains from filling my mailbox with drivel unlike her federal counterpart.
I’m stuck in a similar situation. Red Rachel is my MLA and my MP is a former prof who’s a Dipper. The latter is completely useless and all she seems to do is produce an idiotic newsletter for the constituents.
Booming! Just booming!
The only good thing to come from this looming recession is that it’ll arrive just in time for an election.