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Unemployment Stays The Same


In Canada our Unemployment Rate has remained the same (seasonably adjusted). This continues to be a 33 year low, which shows the Canadian Economy continues to roar along, and as a Citizen of Canada I cheer!

Stats Canada loves sneaking in interesting little anecdotes as well like the following

May saw a large increase in the number of self-employed, up an estimated 56,000, while the number of employees in the private sector fell by 58,000. Since October 2006, the number of self-employed has jumped 6.5%, well ahead of gains for both public (+0.9%) and private sector (+0.4%) employees.

That’s really cool, more folks are viewing themselves as “self-employed”, now is this by choice, by necessity or some other reason? I wonder. I really respect the self-employed folks out there, because I don’t have the nerve and the self-discipline to do this (ok this blog is kind of a self-employed job, but I haven’t given up my day job (yet)). Good on the self-employed folks!

Enjoy the weekend folks, come back refreshed knowing the soaring Canadian Dollar may change these numbers very soon!

Feel Free to Comment

  1. Seems like many of the 58,000 who were tossed from their private sector jobs contracted themselves out as entrepreneurs. As you asked, is the generation of self-empoyed jobs choice or necessity?


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