Canadian Job Gain A Long Way To Go

Officials always potray an optimistic scenario. StatCan previously said in a press release before the job data was compiled that Canada Employment is pre recession level.

Statistics Canada reported a revision to its Labour Force Survey that shows as of December, Canada’s economy is still 30,000 official jobs below the employment peak hit in October 2008.

Statistics Canada data shows Canada’s population was 33,441,300 in October 2008 and 34,238,000 in October 2010 — a difference of 796,700.

For December 2010, overall employment was revised down 0.6 per cent, mostly the result of a downward revision of the population aged 25 to 54.

Accordingly, the revised Labour Force Survey shows as of December, Canada’s economy is still 30,000 official jobs below the employment peak hit in October 2008.