Jobless Rate Gets Worse as Economy Continues to Sink
The budget better be a good one. Canada lost 34,400 jobs in December and 70,600 jobs in November. Now, January’s report indicates that Canada has lost 129,000 more jobs. Again, the manufacturing sector was hit hard primarily in Ontario, with BC and Quebec also taking a significant loss. I hope Prime Minister Stephen Harper will begin to take this situation seriously.
Last month, Harper said that while our job losses are “troubling,” the US is far worse off. It’s time for him to stop looking to the US and to take action to fix Canada’s economy.
With our unemployment rate now at 7.2%, up over half a percent from last month’s rate, not only will the budget need to be passed quickly, but it must also take an approach that gets the money directly to those in need. Normally, a more bureaucratic approach is taken with money being passed desk to desk, hoping it makes its way to the right people, but we need the money to be sent straight to the organizations that deal directly with Canadians.
While job loss is bad news to Canadians, it is good new for Liberal Leader Michael Ignatieff. With 3 chances to strike and topple the Conservative Government, this is one more thing to add to his growing arsenal of things to blame on Harper when election time comes.
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Tags: canada, jobless rate, michael ignatieff, stephen harper, unemployment
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