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Canadian Unemployment Rate Hits 32 Year Low.  
User currently offlineSKYSERVICE_330 From Canada, joined Sep 2000, 1422 posts, RR: 5
Posted (8 years 7 months 3 weeks 3 days 20 hours ago) and read 1766 times:

Unemployment rate hits 32-year low of 6.3%
Last Updated Fri, 07 Apr 2006 10:46:30 EDT
CBC News
Canada's jobless rate fell a tenth of a percentage point to 6.3 per cent in March – the lowest in 32 years – as the economy churned out 50,500 new jobs.

The job creation figures handily exceeded economists' expectations of 21,000 new positions.

More at: http://www.cbc.ca/story/business/national/2006/04/07/jobs-060407.html

Always nice to hear news like this. Comments?

29 replies: All unread, showing first 25:
 
User currently offlineYooYoo From Canada, joined Nov 2003, 6057 posts, RR: 50
Reply 1, posted (8 years 7 months 3 weeks 3 days 19 hours ago) and read 1762 times:

Why do i have a feeling my mortgage rate will be going up  cry 


I am so smart, i am so smart... S-M-R-T... i mean S-M-A-R-T
User currently offlineNeilYYZ From , joined Dec 1969, posts, RR:
Reply 2, posted (8 years 7 months 3 weeks 3 days 18 hours ago) and read 1751 times:

It was great to open up the internet this morning and see this. Canada's economy is doing well lately, hopefully the jobs keep coming.

There'll be layoffs in the auto sector with the big 3 going down the pipes, hopefully those workers can be absorbed by Toyota and Honda that are opening plants in Ontario (and elsewhere in Canada maybe?)


User currently offlineLnglive1011yyz From Canada, joined Oct 2003, 1608 posts, RR: 15
Reply 3, posted (8 years 7 months 3 weeks 3 days 17 hours ago) and read 1745 times:

Quoting YooYoo (Reply 1):
Why do i have a feeling my mortgage rate will be going up

You're dead on.

They're already predicting this on the radio.

Hope you're locked in a term..

1011yyz



Pack your bags, we're going on a sympathy trip!
User currently offlineCPDC10-30 From United Kingdom, joined Feb 2000, 4799 posts, RR: 23
Reply 4, posted (8 years 7 months 3 weeks 3 days 17 hours ago) and read 1743 times:

Yup, more call centre jobs I'm sure, and more tax revenue for the federal government to waste. And yet all my friends who are qualified engineers can barely get taken on at Future Shop. The numbers belie the reality, hence my departure from Canada.

[Edited 2006-04-07 20:31:15]

User currently offlineYooYoo From Canada, joined Nov 2003, 6057 posts, RR: 50
Reply 5, posted (8 years 7 months 3 weeks 3 days 17 hours ago) and read 1733 times:

Quoting Lnglive1011yyz (Reply 3):
Hope you're locked in a term..

Only 4 years @ 4.19% , i should have done 7 years ?  banghead 

How about you, Mike....anything on the "new" homefront?

Lets hope the rates don't hit late 70's early 80's marks !!  cry   eek 



I am so smart, i am so smart... S-M-R-T... i mean S-M-A-R-T
User currently offlineLutenist From Canada, joined May 2005, 280 posts, RR: 0
Reply 6, posted (8 years 7 months 3 weeks 3 days 17 hours ago) and read 1727 times:

Quoting YooYoo (Reply 5):
Lets hope the rates don't hit late 70's early 80's marks !!

As I understand it, the rates of the late 70s, early 80s were a result of rampant inflation due mostly to commodity shock--e.g., sky-rocketing oil prices--rather than inflation due to a nicely humming economy.

Perhaps we shouldn't prime the old panic button just yet.


User currently offlineYooYoo From Canada, joined Nov 2003, 6057 posts, RR: 50
Reply 7, posted (8 years 7 months 3 weeks 3 days 16 hours ago) and read 1722 times:

Quoting Lutenist (Reply 6):
sky-rocketing oil prices

 checkmark 

Quoting Lutenist (Reply 6):
rampant inflation

Coming soon.

Quoting Lutenist (Reply 6):
nicely humming economy.

right now it's a fuel efficient diesel engine.

Quoting Lutenist (Reply 6):
prime the old panic button just yet

Primed and ready

 Wink



I am so smart, i am so smart... S-M-R-T... i mean S-M-A-R-T
User currently offlineLnglive1011yyz From Canada, joined Oct 2003, 1608 posts, RR: 15
Reply 8, posted (8 years 7 months 3 weeks 3 days 15 hours ago) and read 1704 times:

Quoting CPDC10-30 (Reply 4):
Yup, more call centre jobs I'm sure, and more tax revenue for the federal government to waste. And yet all my friends who are qualified engineers can barely get taken on at Future Shop. The numbers belie the reality, hence my departure from Canada.

Bah. I don't follow that at all.

I am lucky in my job in that I have the ability to visit many many companies, in diverse sectors of our economy, and trust me, there are plenty of jobs out there.

And, as for the federal gov't wasting your money, it doesn't matter WHERE you live in this world, the Gov't will *always* waste your money.

Quoting YooYoo (Reply 5):
How about you, Mike....anything on the "new" homefront?

Nada. I decided to nix the idea. I would have had to have consolidated some debt, and it would have made it extremely tight. (I.e, I wouldn't have had a life for about 7 years.. YYZ would be outta the question, etc..)

Didn't want to be house rich and cash poor.

Thanks for asking  Smile

1011yyz



Pack your bags, we're going on a sympathy trip!
User currently offlineYVRtoYYZ From Canada, joined Mar 2004, 665 posts, RR: 0
Reply 9, posted (8 years 7 months 3 weeks 3 days 14 hours ago) and read 1697 times:

Quoting CPDC10-30 (Reply 4):
And yet all my friends who are qualified engineers can barely get taken on at Future Shop. The numbers belie the reality, hence my departure from Canada



Quoting Lnglive1011yyz (Reply 8):
I am lucky in my job in that I have the ability to visit many many companies, in diverse sectors of our economy, and trust me, there are plenty of jobs out there.

Unfortunately, yes, there are many jobs available for those with the experience; those who have the training and qualifications yet those that lack the experience (ie. recent university graduates) are stuck taking jobs that only require a high school degree. There was an article yesterday at cbc.com stating that according to StatsCan in 2001, 1-in-5 university graduates were working in areas which only require a highschool degree or areas in which they were overqualified for. Cannot find the link in the archives.

-YVRtoYYZ


User currently offlineLnglive1011yyz From Canada, joined Oct 2003, 1608 posts, RR: 15
Reply 10, posted (8 years 7 months 3 weeks 3 days 14 hours ago) and read 1687 times:

Quoting YVRtoYYZ (Reply 9):
Unfortunately, yes, there are many jobs available for those with the experience; those who have the training and qualifications yet those that lack the experience (ie. recent university graduates) are stuck taking jobs that only require a high school degree. There was an article yesterday at cbc.com stating that according to StatsCan in 2001, 1-in-5 university graduates were working in areas which only require a highschool degree or areas in which they were overqualified for. Cannot find the link in the archives.

For as long as I can remember, it's been like that.

You get a 'good' job one of three ways:

1) You are *really* good at what you do, and you're lucky. OR you have a parent/friend who can get you in.
2) You've gone to school, and have lots of education behind you, and strike it lucky
3) You've gone to school, AND had some real-life experience.

I've asked my parents, I've asked my friends. Everyone says the same thing. In order to get a good paying job, you have to make your way up.

You can't come out of University EXPECTING to make 150 grand a year, regardless of what they try to tell you when you're signing up.

1011yyz



Pack your bags, we're going on a sympathy trip!
User currently offlineDougloid From , joined Dec 1969, posts, RR:
Reply 11, posted (8 years 7 months 3 weeks 3 days 14 hours ago) and read 1681 times:

Quoting Lnglive1011yyz (Reply 10):
For as long as I can remember, it's been like that.

You get a 'good' job one of three ways:

1) You are *really* good at what you do, and you're lucky. OR you have a parent/friend who can get you in.
2) You've gone to school, and have lots of education behind you, and strike it lucky
3) You've gone to school, AND had some real-life experience.

I've asked my parents, I've asked my friends. Everyone says the same thing. In order to get a good paying job, you have to make your way up.

You can't come out of University EXPECTING to make 150 grand a year, regardless of what they try to tell you when you're signing up.

I have a speech readymade for first year law students that I'll deliver if they ever let me back in the place. It goes like this.

Everyone in the room who's really smart, get up and leave. There's a job waiting for you.
Everyone in the room who's a beautiful woman or a really handsome man get up and leave. There's a job waiting for you.
Everyone in the room who has a father, uncle, or other relative in the trade who's already at partner level, get up and leave. There's a job waiting for you.
Everyone in the room who has a parent who's politically connected and plays golf with the governor or senator, get up and leave. Your future is assured.
Everyone in the room who's a minority and who intends on being a prominent piece of windowdressing at a silk stocking law firm, get up and leave. Your future is assured and you won't even be expected to do any work.

Then, to the few people who are left, I'd say: Gather round, friends. I'm going to tell you what you need to know about how to survive in this world.


User currently offlineYVRtoYYZ From Canada, joined Mar 2004, 665 posts, RR: 0
Reply 12, posted (8 years 7 months 3 weeks 3 days 13 hours ago) and read 1674 times:

Quoting Lnglive1011yyz (Reply 10):
I've asked my parents, I've asked my friends. Everyone says the same thing. In order to get a good paying job, you have to make your way up.

You can't come out of University EXPECTING to make 150 grand a year, regardless of what they try to tell you when you're signing up.

I'm fully aware that one cannot come straight from university and expect a managerial role or make the $150K annually. The point I am trying to raise is that so many employers require a degree plus a minimum of 1 year experience yet how can one gain the necessary minimum amount of work experience while attending school full-time?

Its a double edge sword: a) one has the education yet no experience;b) one has the experience but no education; or c) one has the education yet lacks experience in their field, so they look outside their field to areas requiring only a high school diploma yet still aren't hired based on over-qualification (the job won't be stimulating enough; you will quit as soon as something better comes along, etc, etc, etc.)

Co-op and Internship programs can only offer so much and are available only a certain universities and certain programs within the university. So where does one turn?

-YVRtoYYZ


User currently offlineA332 From Canada, joined Feb 2005, 1644 posts, RR: 2
Reply 13, posted (8 years 7 months 3 weeks 3 days 13 hours ago) and read 1673 times:

Quoting CPDC10-30 (Reply 4):
Yup, more call centre jobs I'm sure, and more tax revenue for the federal government to waste. And yet all my friends who are qualified engineers can barely get taken on at Future Shop. The numbers belie the reality, hence my departure from Canada.

Well, they obviously didn't bother to check out the opportunities in Alberta... there is a desparate need for workers out here in all fields...

Quoting YVRtoYYZ (Reply 9):
Unfortunately, yes, there are many jobs available for those with the experience; those who have the training and qualifications yet those that lack the experience (ie. recent university graduates) are stuck taking jobs that only require a high school degree. There was an article yesterday at cbc.com stating that according to StatsCan in 2001, 1-in-5 university graduates were working in areas which only require a highschool degree or areas in which they were overqualified for. Cannot find the link in the archives.

Basically, all that does is cement my opinion that education means nothing unless you have some kind of working experience to back it up... people waste their time and money getting an education first and then wonder why they are stuck doing the same old job... you need the experience first.. get the education to further THAT career in the right direction.

Quoting Lnglive1011yyz (Reply 10):
You can't come out of University EXPECTING to make 150 grand a year, regardless of what they try to tell you when you're signing up.

Agreed 100%. I don't know how many times I've turned away applicants for management positions in my company because they think their education is what gets them in... guess what...? WRONG!  Smile



Bad spellers of the world... UNTIE!
User currently offlineLnglive1011yyz From Canada, joined Oct 2003, 1608 posts, RR: 15
Reply 14, posted (8 years 7 months 3 weeks 3 days 12 hours ago) and read 1660 times:

Quoting YVRtoYYZ (Reply 13):
Co-op and Internship programs can only offer so much and are available only a certain universities and certain programs within the university. So where does one turn?

I'd be surprised if a place of employement would not hire someone who had related experience in a co-op or internship program.

Could be a symptom of having "all the brains, but not the personality".

My dad (who routinely hired people for almost 20 years in a sales related area) said he used to HATE University-educated people, b/c they had all the buzz words, all the 'knowledge' on how to sell, but they simply had *0* personality. All book, no real-life smarts.

A couple of my friends have done both College and University courses for related fields, and all of them have been hired into their respective fields within 6 months of leaving school. Ironically both entered either an internship or co-op program, which definitely helped 'cool their heads' as to what the *real* world is like.

Quoting A332 (Reply 14):
Well, they obviously didn't bother to check out the opportunities in Alberta... there is a desparate need for workers out here in all fields...

Herein lies a problem that has ALWAYS been a problem in this country, but is exacerbated by the 'me me me' generation that *I* am a part of, as well as the current generation in school.

SOMETIMES you have to move, if you want to get into the field you were educated in. It's a fact of life.

Alberta INDEED has a signifigant need for skilled workers right now, which is an open door.

The problem being, too many people don't want to LOOK. People don't want to drive from Ajax to Mississauga every day for a job. They want to work 10 minutes away from their office, and sometimes that just doesn't work.

Quoting A332 (Reply 14):
Basically, all that does is cement my opinion that education means nothing unless you have some kind of working experience to back it up... people waste their time and money getting an education first and then wonder why they are stuck doing the same old job... you need the experience first.. get the education to further THAT career in the right direction.

Work experience PLUS I believe that internship and co-ops *really* settle the over-zealous and inexperienced mind, into slowing down and being more meticulous with your work, versus trying to impress.

Quoting A332 (Reply 14):
Agreed 100%. I don't know how many times I've turned away applicants for management positions in my company because they think their education is what gets them in... guess what...? WRONG!

Bingo.

1011yyz



Pack your bags, we're going on a sympathy trip!
User currently offlineA380 From Canada, joined Dec 2000, 658 posts, RR: 1
Reply 15, posted (8 years 7 months 3 weeks 3 days 10 hours ago) and read 1636 times:

Wonder where I can find a good enough IT support job, I'm not expecting $150k, I hope I can find some $40k to 50k job that matches my skill level. The IT job market is in the tank since the dotcom meltdown.

One more observation is how many of those 'jobs' created are McJobs and temporary/contract/self employed jobs. Unfortunately I know many people in those sectors.

[Edited 2006-04-08 03:32:14]

User currently offlineYVRtoYYZ From Canada, joined Mar 2004, 665 posts, RR: 0
Reply 16, posted (8 years 7 months 3 weeks 3 days 9 hours ago) and read 1623 times:

Quoting Lnglive1011yyz (Reply 14):
I'd be surprised if a place of employement would not hire someone who had related experience in a co-op or internship program.

Most university co-op programs are 6 months leaving one still short of the minimum 1 year experience required by most employers. Further, not all university departments offer co-op programs to students, thus putting their students at a disavantage. For that matter, some universities don't even offer co-op programs at all (the university I attended, for example), which doesn't help the student gain necessary experience in the 'real world'.

What it comes down to is a dilemna for the student and had I known this while in school, I may have bit the bullet and done the latter:

1) Does a student accept the highest paying summer job they can in order to avoid student loans while avoiding the opportunity to gain necessary experience in their field of study?

or

2) Does the student accept a minimum wage job for the summer to gain the experience in their field, but one which puts them into debt and requiring financial assistance?

-YVRtoYYZ


User currently offlineLnglive1011yyz From Canada, joined Oct 2003, 1608 posts, RR: 15
Reply 17, posted (8 years 7 months 3 weeks 3 days 9 hours ago) and read 1621 times:

Quoting YVRtoYYZ (Reply 16):
2) Does the student accept a minimum wage job for the summer to gain the experience in their field, but one which puts them into debt and requiring financial assistance?

I'd take this one.

Simply because the debt you incur while you're in school is sort of like good debt.

You're putting your money in a place that you will be able to reap rewards (financial gains) from for most of your functional life. You'll be able to repay back your education rather quickly, in the scheme of things.

UNLESS of course... you're striving to be a doctor, or a lawyer, or something that requires many years of education, at a very high cost.

1011yyz



Pack your bags, we're going on a sympathy trip!
User currently offlineVonRichtofen From Canada, joined Nov 2000, 4634 posts, RR: 36
Reply 18, posted (8 years 7 months 3 weeks 3 days 9 hours ago) and read 1618 times:

Quoting A380 (Reply 15):
Wonder where I can find a good enough IT support job,

Ever thought of looking in Alberta?
As A332 said, we're desperatley short on workers in all sectors. I'm sure you could find something out here, and that pays well too. For high skilled jobs Employers are almost getting in bidding wars or qualified applicants.

Kris
YYC



Word
User currently offlineYVRtoYYZ From Canada, joined Mar 2004, 665 posts, RR: 0
Reply 19, posted (8 years 7 months 3 weeks 3 days 9 hours ago) and read 1618 times:

Quoting Lnglive1011yyz (Reply 17):
I'd take this one.

Simply because the debt you incur while you're in school is sort of like good debt

Had I known that when I was in school, I would go the exact same route. Hindsight is always better.

-YVRtoYYZ


User currently offlineLnglive1011yyz From Canada, joined Oct 2003, 1608 posts, RR: 15
Reply 20, posted (8 years 7 months 3 weeks 3 days 9 hours ago) and read 1614 times:

Quoting YVRtoYYZ (Reply 19):
Had I known that when I was in school, I would go the exact same route. Hindsight is always better.

Lets face it too.. Our parents (we're in the same age-ranges) are the credit generation. They've gone through the whole "lets not go into any more debt" faze, so they're trying to pass that onto us... SO you go the least path of resistence, which is to try to be debt-free.

Hindsight is 20/20.

1011yyz



Pack your bags, we're going on a sympathy trip!
User currently offlineYVRtoYYZ From Canada, joined Mar 2004, 665 posts, RR: 0
Reply 21, posted (8 years 7 months 3 weeks 3 days 8 hours ago) and read 1613 times:

Quoting Lnglive1011yyz (Reply 20):
Our parents (we're in the same age-ranges) are the credit generation. They've gone through the whole "lets not go into any more debt" faze, so they're trying to pass that onto us... SO you go the least path of resistence, which is to try to be debt-free.

Yes, but I have it all figured out: get a mortgage that is $25K more than I need to pay off debts and have a bit of cushion money. In the long-run, $25K extra on a mortgage isn't going to make all that big a deal when it comes to paying it off.

-YVRtoYYZ


User currently offlineBA747YYZ From Canada, joined Mar 2006, 377 posts, RR: 0
Reply 22, posted (8 years 7 months 3 weeks 3 days 8 hours ago) and read 1610 times:

That is good for the average Joe, but it stinks if you are an emplyer trying to hire, especially in labour shortage area's such as Alberta.

User currently offlineDougloid From , joined Dec 1969, posts, RR:
Reply 23, posted (8 years 7 months 3 weeks 3 days 8 hours ago) and read 1604 times:

Quoting BA747YYZ (Reply 22):
That is good for the average Joe, but it stinks if you are an emplyer trying to hire, especially in labour shortage area's such as Alberta.

What's going on in Alberta-I could use a paying job......hmmmmm...lessee....the Mexicans can limbo under the fence, maybe I can polevault over your fence? I'll pretend I'm Canadien, eh? How 'bout them Canucks? I sure do like maple syrup! This red and black lumberjack shirt fits me just fine and the suspenders are swell too.

How'm I doin? Think I'll get away with it?

That there is what we call yankee witticisms.


 Wink  Wink  Wink


User currently offlineA332 From Canada, joined Feb 2005, 1644 posts, RR: 2
Reply 24, posted (8 years 7 months 3 weeks 3 days 6 hours ago) and read 1585 times:

Quoting Dougloid (Reply 23):
How 'bout them Canucks?

That comment alone is worth a lynching out here in Southern Alberta...  Wink



Bad spellers of the world... UNTIE!
25 Canuckpaxguy : Makes me think of Curtisman. G
26 L-188 : Maybe I should jump ship? It is what? $100 a year tax to get a CDN work visa for two years?
27 Post contains links and images YOWza : There is some truth in this for sure. I know a number of very good engineers working super shitty jobs. Actually there is a guy who works at a corner
28 Post contains images Dougloid : Although I do not expect you to believe it, I am fully capable of expressing myself in a bigoted manner, and this is not one of those times. And yes.
29 A380 : Ok, so internet is not the whole thing, may travel to AB some time to find out the facts..
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