Less Collecting EI Benefits
Stats Canada is saying that 1.3% less people are collecting Employment Insurance benefits as compared to May 2006 (from May 2007), and the biggest drops were in Quebec and Ontario, so that is a good thing (living in Ontario).More interestingly is that the amount of money being paid out by the scheme dropped a great deal, so the government is saving money in this area as well. So far in my working career I have not claimed EI benefits (I state that not as a boast, more as the fact that I am just lucky).
The Citizen had an article about how Ottawa in specific suffered a great deal of exodus during the High Tech Melt down with many people moving away from the Nation’s Capital? Can’t find the article on line, but will be researching that further. It is interesting to me because Ottawa keeps growing in size every year, so where are all these people working? Hope not the Government.
| Employment Insurance statistics | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| May 2007 | April 2007 | May 2006 | April to May 2007 | May 2006 to May 2007 | |||||||
| Seasonally adjusted | |||||||||||
| % change | |||||||||||
| Regular beneficiaries | 470,520 | 476,950 | 491,190 | -1.3 | -4.2 | ||||||
| Regular benefits paid ($ millions) | 671.2 | 727.9 | 629.9 | -7.8 | 6.5 | ||||||
| Initial and Renewal Claims received (’000) | 219.7 | 221.4 | 220.6 | -0.8 | -0.4 | ||||||
| Unadjusted | |||||||||||
| All beneficiaries (’000)1 | 658. | 792.7 | 698.6 | ||||||||
| Regular beneficiaries (’000) | 416.6 | 535.2 | 434.4 | ||||||||
| Initial and Renewal Claims received (’000) | 166.2 | 177.5 | 172.1 | ||||||||
| Payments ($ millions) | 1,056.8 | 1,512.2 | 1,096.2 | ||||||||
| Year-to-date (January to May) | |||||||||||
| 2007 | 2006 | 2006 to 2007 | |||||||||
| % change | |||||||||||
| Claims received (’000) | 1,048.2 | 1,044.4 | 0.4 | ||||||||
| Payments ($ millions) | 6,898.3 | 6,983.7 | -1.2 | ||||||||
|
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The Canadian Dollar continues it’s upsurge and may be at par with the Yankee Buck before the end of the year, which scares the living poop out of me, since that may send my real job overseas (I think I am saying I am too expensive, wow).
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