skyservice_330
Posts: 1302
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Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 12:39 am

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?
 
yooyoo
Posts: 5686
Joined: Wed Nov 26, 2003 5:01 am

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 1:23 am

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
 
NeilYYZ
Posts: 2443
Joined: Mon Jan 23, 2006 12:55 pm

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 2:48 am

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?)
It may be too early to drink scotch... But it is NEVER too early to think about it...
 
lnglive1011yyz
Posts: 1502
Joined: Thu Oct 23, 2003 12:23 pm

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 3:26 am

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!
 
CPDC10-30
Posts: 4681
Joined: Wed Feb 02, 2000 4:30 pm

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 3:27 am

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]
 
yooyoo
Posts: 5686
Joined: Wed Nov 26, 2003 5:01 am

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 3:34 am

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
 
Lutenist
Posts: 280
Joined: Tue May 03, 2005 4:29 am

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 3:42 am

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.
 
yooyoo
Posts: 5686
Joined: Wed Nov 26, 2003 5:01 am

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 4:00 am

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
 
lnglive1011yyz
Posts: 1502
Joined: Thu Oct 23, 2003 12:23 pm

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 5:51 am

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!
 
yvrtoyyz
Posts: 626
Joined: Wed Mar 24, 2004 10:10 am

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 6:09 am

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
 
lnglive1011yyz
Posts: 1502
Joined: Thu Oct 23, 2003 12:23 pm

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 6:34 am

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!
 
Dougloid
Posts: 7248
Joined: Tue Jul 05, 2005 2:44 am

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 6:51 am

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.
If you believe in coincidence, you haven't looked close enough-Joe Leaphorn
 
yvrtoyyz
Posts: 626
Joined: Wed Mar 24, 2004 10:10 am

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 7:25 am

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
 
A332
Posts: 1421
Joined: Wed Feb 02, 2005 3:58 am

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 7:29 am

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!
 
lnglive1011yyz
Posts: 1502
Joined: Thu Oct 23, 2003 12:23 pm

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 8:13 am

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!
 
a380
Posts: 652
Joined: Tue Dec 19, 2000 11:51 pm

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 10:30 am

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]
 
yvrtoyyz
Posts: 626
Joined: Wed Mar 24, 2004 10:10 am

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 11:20 am

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
 
lnglive1011yyz
Posts: 1502
Joined: Thu Oct 23, 2003 12:23 pm

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 11:27 am

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!
 
VonRichtofen
Posts: 4260
Joined: Sun Nov 05, 2000 3:10 am

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 11:37 am

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
 
yvrtoyyz
Posts: 626
Joined: Wed Mar 24, 2004 10:10 am

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 11:38 am

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
 
lnglive1011yyz
Posts: 1502
Joined: Thu Oct 23, 2003 12:23 pm

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 11:50 am

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!
 
yvrtoyyz
Posts: 626
Joined: Wed Mar 24, 2004 10:10 am

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 12:03 pm

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
 
ba747yyz
Posts: 371
Joined: Sun Mar 26, 2006 2:55 pm

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 12:14 pm

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.
 
Dougloid
Posts: 7248
Joined: Tue Jul 05, 2005 2:44 am

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 12:44 pm

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
If you believe in coincidence, you haven't looked close enough-Joe Leaphorn
 
A332
Posts: 1421
Joined: Wed Feb 02, 2005 3:58 am

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 2:14 pm

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!
 
canuckpaxguy
Posts: 1482
Joined: Sat Sep 06, 2003 2:31 pm

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sat Apr 08, 2006 11:55 pm

Quoting Dougloid (Reply 23):
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.

Makes me think of Curtisman.

G
 
L-188
Posts: 29881
Joined: Wed Jul 07, 1999 11:27 am

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sun Apr 09, 2006 1:46 am

Maybe I should jump ship?

It is what? $100 a year tax to get a CDN work visa for two years?
OBAMA-WORST PRESIDENT EVER....Even SKOORB would be better.
 
User avatar
yowza
Posts: 4275
Joined: Fri Jul 29, 2005 7:01 am

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sun Apr 09, 2006 1:47 am

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.

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 store near my house who has an electrical engineering degree. I don't know him or his skills all that well but I'm sure he could be better employed - damn shame.

Quoting Lnglive1011yyz (Reply 8):
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.

Yes but our gov is just outrageous at times. Check out www.merx.com look at some of the contracts taking bids. Some state expected bid ranges. I saw one a while back that had a 21,000 -26,000 range to build a static webpage (i.e. and online flyer, no active content whatsoever) to promote healthy lifestyles with Canadian youth. Being a software engineer / software consultant myself I can tell you that there is no way this should cost a dime over 3000. Just no way.

Quoting Dougloid (Reply 11):

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.

Wow, you sound so open minded and un-biggoted, can I buy you lunch  Yeah sure

YOWza
 
Dougloid
Posts: 7248
Joined: Tue Jul 05, 2005 2:44 am

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sun Apr 09, 2006 2:07 am

Quoting YOWza (Reply 27):
Quoting Dougloid (Reply 11):

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.

Wow, you sound so open minded and un-biggoted, can I buy you lunch

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. You can buy me lunch. I'm a cheap date.



 Wink  Wink  Wink
If you believe in coincidence, you haven't looked close enough-Joe Leaphorn
 
a380
Posts: 652
Joined: Tue Dec 19, 2000 11:51 pm

RE: Canadian Unemployment Rate Hits 32 Year Low.

Sun Apr 09, 2006 10:12 am

Quoting VonRichtofen (Reply 18):
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

Ok, so internet is not the whole thing, may travel to AB some time to find out the facts..

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