New 22,000 Canadian jobs usher optimism for consumers and businesses
by Harleen Kaur - March 2, 2010
Canada, March 2: Last week of February ended on a note of optimism for Canadians in terms of increased spending power for not just
businesses but also for consumers.
The reason for this could be attributed to a rise in the non-farm payroll jobs in Canada which witnessed an increase by 22,000 in the month of December 2009 as compared to November 2009, the official figures from Statistics Canada have revealed. The rise has been in continuance of the upward trend that began in August 2009.
The data says the public sector employment in Canada went up by 0.5 percent in the fourth quarter as compared to the third quarter,
making the total number of people who work in Canada to 3.6 million, added Statistics Canada.
Out of the above figures indicating total population employed in public sector jobs in Canada, 22 percent were provincial and Federal
government workforce.
Meanwhile, there has been a down trend in the provincial jobs which continued to fall down by 0.8 percent in the quarter. One of the main reasons behind this was loss of 9,000 jobs in Ontario, Canada, Statistics Canada informed. The Federal government jobs went up by 0.5 percent.
The month of December 2009 witnessed the highest number of job gains with industries taking a giant share of 61 percent in such gains. This gain has been the maximum since October 2007.
The construction sector in Canada recorded an increase of 19,300 jobs since August 2009. Construction and related industries will
continue to see an increasing demand for skilled workers in Canada following Canadian Prime Minister’s announcement (in January, 2010) that Canadian construction season from April till May, 2010 will remain very busy in the wake of infrastructure stimulus programs by the government.
The increased demand for construction and skilled workers in Canada is likely to be met by Canadian immigration.
Canadian business operating gains went up 7.9 percent ($4.4 billion) between third and the fourth quarter of the year 2009 going to $60.1 billion in the 4th quarter. This has helped both consumers and Canadian businesses regain spending power.
»
- 1012 reads
