Paul Vieira (@paulvieira) 's Twitter Profile
Paul Vieira

@paulvieira

Canada correspondent for @WSJ in Ottawa. News tips to [email protected] or WhatsApp/Signal, 613-698-6490. RTs/Likes β‰  endorsement.

ID: 20611338

linkhttps://www.wsj.com/news/author/paul-vieira calendar_today11-02-2009 18:56:43

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Canada unemployment rate jumps to 6.6%; economy adds 22,100 jobs, on surge in part-time employment. www150.statcan.gc.ca/n1/daily-quoti…

Paul Vieira (@paulvieira) 's Twitter Profile Photo

According to Canada labor data for August, population rose 0.3% from previous month, or 3.5% from year ago. Labor force grew 0.4% from prior month, compared to 0.1% rise in employment. Ergo, 6.6% unemployment rate or highest since mid-2017 (excl pandemic) www150.statcan.gc.ca/n1/daily-quoti…

Theo Argitis (@theoargitis) 's Twitter Profile Photo

Details of Canada's jobs report don't look much better than headline. The gain of 22k in August masks a sharp decline in full-time employment (-43.6k) , which was offset by a 66k increase in part-time work.

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Another telltale sign of further weakness in Canada economy in 3Q: "Total hours worked were little changed in August (-0.1%) but were upΒ 1.4% compared withΒ 12Β months earlier." www150.statcan.gc.ca/n1/daily-quoti…

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Via polling by David Coletto: "Only about half of Canadians were familiar with the Liberal-NDP governing agreement and 1 in 4 didn’t even know it existed. Another reminder that what happens in Ottawa, can often stay in Ottawa."

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.Jen Gerson on NDP decision this week: "Choosing to cast your alms on each measure on its own merit β€” including on confidence motions β€” like, ladies and gentlemen of the NDP, I regret to inform you that that is effectively the status quo." open.substack.com/pub/theline/p/…