Monday, December 13, 2010

No Job For You!

This is a pretty startling statistic.

Since the recovery started in June 2009, the total number of private sector jobs has increased by 203,000. But these weren't "regular," permanent jobs. Indeed, permanent private sector jobs fell by 257,000.

"Temporary help service" jobs is what made up the difference, as they increased by 460,000. For all sectors of the economy, including government jobs, the drop in the number of permanent jobs during the recovery was even worse -- a drop of 561,000.

Now, the part about the temporary jobs is bad enough, but look at that figure for the total number of private-sector jobs created since June 2009: 203,000.

That's incredible. During a recovery, we might expect to see 203,000 private-sector jobs created each month. More like 300,000 or 400,000. But over 18 months we have a monthly average of just over 11,000. That's pitiful and it's a sign of just how sick our economy is.

It's a number the Canadians, with 1/10 our population, would laugh at. Come to think of it, Venezuela probably does better.

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