Canadian Economy Loses 51,600 Jobs in August – Biggest Drop in Decade…

The U.S. economy added 201,000 jobs in August. The U.S. unemployment rate is 3.9%.  And year-over-year U.S. wage growth jumped to 2.9%. [Bureau of Labor and Statistics Link]

Meanwhile, the Canadian economy dropped 51,600 jobs in August.  The unemployment rate increased to 6%. And year-over-year wage growth dropped to 2.6%.

CANADA – The net loss in August — which was the second largest monthly decline since the last recession — drove the unemployment rate to 6 per cent, from 5.8 per cent a month earlier, while wage gains decelerated to their slowest this year.

Economists had expected a gain of 5,000 jobs and an unemployment rate of 5.9 per cent, according to the median estimate in a Bloomberg survey.  So far in 2018, the Canadian economy has shed 14,600 jobs. (read more)

In the media analysis Bloomberg talks down the strength of the U.S. economy, and tries to dismiss the scale of the economic growth in America.  Simultaneously, the same Bloomberg media outlet calls the Canadian results “whacky” and “unexpected” and makes excuses for the miserable economic results.  Huh, imagine that.

Pro-growth; pro-business; small government; lower regulation; pro-economic expansion; -vs- Big government; anti-business; choking regulations; and low economic expansion.

Any questions?

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This entry was posted in Canada, Decepticons, Deep State, Dem Hypocrisy, Donald Trump, Economy, Election 2018, energy, Environmentalism, Fabian Socialists - Modern Progressives, media bias, Occupy Type Moonbats, President Trump, USA. Bookmark the permalink.

189 Responses to Canadian Economy Loses 51,600 Jobs in August – Biggest Drop in Decade…

  1. That’s almost as big a drop as Trudeau’s eyebrow.

    Liked by 14 people

  2. Danimal28 says:

    Not to mention Big IQ vs Low IQ

    Liked by 2 people

  3. JMC says:

    RE: Our booming economy. Obama didn’t build that; somebody else made that happen. (with apologies to Obama for re-purposing his words)

    Liked by 3 people

    • snarkybeach says:

      it was President Trump’s magic wand… /s

      Liked by 2 people

    • truthseeker39525 says:

      Hi JMC!

      Here’s how I say it:

      Hey, Mr. “You Didn’t Build That”!

      Guess What!?

      YOU DIDN’T BUILD THAT!

      Now move to Venezuela. It’s YOUR kind of place. They just underwent the ‘Fundamental Transformation’ that you TRIED and Failed to impose in the USA.

      Like

  4. Haveaspine says:

    Trump built that.

    Liked by 7 people

  5. migda2@yahoo.com says:

    What is in PDT’s diet coke??? I want me some!

    Liked by 4 people

  6. Brian P.T. Blake says:

    According to an official Canadian website, the country’s working population is 17.8 of 36.5 million people. The loss of 88,000 full-time jobs in August 2018 is 1,056,000 annually, 5.9% of total present employment a year from now if this trend continues. I read that PM Trudeau has stopped fruitless trade negotiations with the U.S., so President Trump will impose the heavy tariffs that he warned and Canadian employment will fall further and faster. By Christmas, Canada could lose another 360,000 jobs. How long before a political rebellion forces Trudeau’s hand?

    Liked by 7 people

    • Lined-out Hymnody says:

      Yesterday the lady cutting my hair and her colleague were very vocal about Justin from Canada and their hatred for him. Its not like Canadians to be too forward like that in public about our PM. I don’t think he’s playing out well here.

      Traditionally our auto workers had a lot of political clout. When I was a child in the 80s perhaps more so but I can’t fully predict the consequences if our auto industry shuts down. I think about 310,000 manufacturing jobs in that sector, mostly in my province Ontario. Others in Quebec.

      I think about all the shipping and trucking jobs, the technician jobs, management jobs I think it could get ugly fast. Ugly in a Canadian sense with convoys on the 401 shutting down traffic on our busiest highway and protests in Ottawa. Usually there is not much here in the way of civil disobedience or protest, so even a little could really catch the nation’s attention.

      We are due for an election next November however I don’t think we’ll make it that long. At some point I think he’ll call a snap election when he realizes that his numbers can only get worse. His party traditionally had old money industrialists in their ranks however they have been pushed to the side so his party could eventually force his hand.

      It is very strange to me, I think he’ll do to the federal Liberal party what our last premier did to the provincial Liberals and have them destroyed in the next election.

      Liked by 7 people

      • Peppurr says:

        Great Post! I’m all for a snap election. I have little doubt, he would be ousted in the next election, but, maybe that is too long to wait. What worries me the most, is the influence of Justin’s pal Soros and his money to promote an influx of muslim migration. We’ve got to get rid of Trudeau before that happens, otherwise, we are really screwed.

        Liked by 1 person

        • Jan says:

          We support you, Canada, just not your emperor. For some reason, the liberals can’t get far enough left. We are seeing it here. You are seeing it there, but they’re going to go farther left than you ever thought they would, so gear up. Soros owns too many politicians in the US & maybe Canada. He wants a one-world government. He is funding district attorney elections in cities and counties in the US, in addition to all he bribes in DC. All these protests on behalf of the left in the US, especially with Antifa, are funded by Soros/trained by OVomit teams. The protests at Judge Kavanaugh confirmation hearings in the Senate last week–all Soros funded. You will see the same if you’re not seeing it right now. Rally your friends and family and find candidates who support your views. You can’t let the liberals win this next election. Your lives depend on it. We are in the same boat here in the U.S.

          Liked by 1 person

    • jsteele9 says:

      Brian:

      “How long before a political rebellion forces Trudeau’s hand?”

      In present day Canada—never!

      Several development projects have been stopped or delayed by either Justin’s gov’t or environmentalist protesters. The curtailed Kinder Morgan pipeline, that has involved endless lawsuits and blocking protests, is the most prominent in the news and would have provided considerable revenue to Alberta and Canada if it was ever completed. And it received all Fed gov’t approvals unlike 2 others that were not approved. (One to the northern west and one to feed the east. There are other similar projects that never received approval and investors are beginning to question investing in Canada for that reason alone.

      The trade impasse is probably the most serious of many factors threatening the Canadian economy but climate change advocates and anti Trumpists rule in Canada and don’t care about the economy. They believe they can attack it and still have their generous entitlements etc. It will take quite an economic downturn before any serious concerns arise. Justin will place all the blame on Trump as the media is already doing and a majority of the people will continue to believe it.

      Liked by 1 person

      • WSB says:

        President Trump will never fix Canada’s problems, so Canadians had better wake up or become Venezuela.

        Liked by 3 people

        • modsquad says:

          You can’t wake someone up, they can only wake up themselves when they’re ready. Canada’s economy will have to do a low fly-by over Venezuela before the majority open their eyes. It’s unfortunate, but the social engineering here is truly an art form of population pacification.

          Liked by 1 person

          • WSB says:

            It is indeed sad.

            I have been from far East to far West in Canada and all in between, and it is a beautiful country. Used to be inhabited by God-fearing homest sturdy people.

            Having not been in country since 2002, I am certain I would be disappointed.

            Like

            • Peppurr says:

              WSB – There are still alot of us left. in particular, baby boomers and their families! This year, we had an Ontario Provincial election and voters came out of the woodwork to kick out the commie party and get a Conservative in. 58% of those eligible to vote, did so which was a high not seen since 1999!
              Thank you for the compliment on my Country and people. I have lived in BC, Alberta and now Ontario and proud of the beauty. Hopefully, one day you will return.

              Liked by 2 people

              • WSB says:

                Peppurr, that is delightful to hear!!!! Good on ya!

                First, we Western countries need to ban Socialism and Communist Parties like we used to and, two, I’ll be back up as soon as the the adults get back in as stewards to your beautiful country!

                Liked by 1 person

        • Jimmy Jack says:

          I don’t understand Canadians.

          Liked by 1 person

          • WSB says:

            Jimmy, Canadians were uniquely low impact God-fearing people who had a strength of purpose.

            Very conservative in their life, dress religion, social understanding…

            But…never wanting to disrupt anything. Never wanting to shout or scream or cuss.

            Now, I believe, Canadians find themselves in a worse position than we do in the US.

            Liked by 1 person

      • Orville R. Bacher says:

        Of all the pipeline routes possible, putting the oil thru Greater Vancouver has to be the dumbest idea, environmentally and politically.
        Justine’s buddy Obama stopped Keystone, which is the only reason Alberta oil has a pipeline problem. Obama favored Warren Buffet’s trains and Venezuala socialist’s heavy oil.
        And Justine herself stopped the pipeline across Canada.

        Liked by 2 people

  7. prenanny says:

    Will there be another round of bonus and wage increase announcements in the coming months, like last year?
    The weekly free pennysaver type paper here has added 2 additional pages for help wanted and I see more and more help wanted signs ( campaign sign style ) at intersections.
    In the last few weeks on my shift alone there have been 3 new hires.
    It is exciting to witness the economic changes firsthand.

    Liked by 8 people

    • Bendix says:

      I’m seeing notices for well-paid union work, and also for the type of work someone coming out of rehab or prison might do, except it’s better paid than it was before, like a car wash paying $12.00 an hour plus tips.

      Liked by 1 person

  8. SPANGLER says:

    That would be equivalent to 500,000 US jobs lost…..

    Liked by 4 people

  9. dufrst says:

    Larry Kudlow had them speechless

    MAGA!!

    Liked by 7 people

  10. MVW says:

    This is just a slow start to what will happen. Canada with Socialism will not look pretty, eh?
    Sad.

    Liked by 1 person

  11. Cisco says:

    And all Trudeau has to do is sit down with President Trump and strike a deal.
    As long as it’s fair and recipical, I believe Trump will go for it.
    But pouting will never get Trudeau anywhere.
    And he’ll take Canada with him.

    Liked by 8 people

    • Lemmy says:

      ^^^^^THIS^^^^^^^

      Liked by 2 people

    • Jan says:

      Actually, Trudeau has shown he doesn’t understand much about economies, trade & foreign policy. The Saudis have said “You insulted our country, we’re not talking to you anymore.” Pres. Trump warned him several times, be reasonable, fair & stop screwing us over with Chinese products….we have common interests, but Trudeau has been told by OVomit, Merkle, May to hang tough. “Pres. Trump will be impeached soon. The Dimms will nullify everything he’s done.” My guess is Trudeau isn’t the smart card in the deck, nor is Freeland.

      Like

  12. teeheeman says:

    Justin from Canada looking more and more like a Loser Weenie. Not ready to raise his leg with the big dogs. Get the drama teacher resume ready for substitute teaching opportunities Justin. I really feel for the great Canadian people who have to put up with a leader like this. Hang in there friends.

    Liked by 3 people

  13. anniefannie says:

    I love Chris Hahn. He reminds me every time he comes on why women who do drugs while pregnant really should be “fixed”!

    Liked by 1 person

  14. MAGAbear says:

    Was listening to Fox Business this morning on the way to work and it was bizarre how many of the blabbers there were poo pooing the good job results. “Wall Street isn’t thrilled”, blah, blah, blah. I guess they can’t have those dirty main street Trump voters doing well.

    Liked by 1 person

  15. namberak says:

    See that picture of what’s his name and Justin from Canada? Your Christmas gift is, you weren’t forced to sit there and listen to the drivel.

    Liked by 1 person

  16. L4grasshopper says:

    Justine is playing a bad hand…..badly.

    If there is any adult supervision in his government, they need to sit this man-child down and explain to him that unless he cuts a deal soon, he will send his country into an economic tailspin that will send him home.

    Liked by 1 person

  17. Jimmy Jack says:

    The Canadian version of the fantastic Obama economy he was blathering in about today. I guess he forgot about that magic wand and he must not have given one do Trudeau.

    Like

    • Paqul Killinger says:

      It’s actually Adam Smith’s “Invisible hand.” But never having read “The Wealth of Nations,” post modern faux Socialists (like Trudeau, Obama, ad nauseum) have no clue.

      Liked by 1 person

  18. TheLastDemocrat says:

    This is not about Trudeau’s ineptness. This is about China’s attempts to preserve the back-door NAFTA deal. Trudeau and colleagues put the “Social Justice” facade on it all to get Canadians to buy in to the lousy dealings.

    Now, their economy is going to sink big time, and they can blame racist, homophobic USA. Meanwhile, China will move on to the next chump.

    Liked by 2 people

  19. Ruckus Tom says:

    It all comes back to South Park. I’m Not Your Buddy, Guy! I’m Not Your Guy, Friend! I’m Not Your Friend, Buddy! I’m Not Your Buddy, Guy! … and so and and so forth.

    Like

  20. WB says:

    I love the picture BIG TRUMP….little o’bama. I laughed until tears ran down my leg!

    Liked by 1 person

  21. Troublemaker10 says:

    Liked by 5 people

  22. Maquis says:

    I mentioned it here many moons ago, PDJT could be, and has been open to being, the best friend Justin from Canada and Canada itself could possibly have. He could help them wean off of exploitative Chinese crap deals and actually create their own genuine manufacturing base, becoming more independent with a broader economy and an honest partner in a robust trade environment with the most dynamic and prolific economy and culture in History.

    But no, Little Justin could see no further than the side of his SJW Commie sandbox and chose to cast sand in the face of our Lion. Such a bad, foolish, self-destructive nation punishing move. A mere spoiled brat, a child on the World Stage, an embarrassment of a man, a Loser.

    25% Auto Tariffs, plus the enmity of an American populace that will avoid Canadian products like we are now turning on Chinese Krap. Sad to see, but we shan’t look away. Hope the Canuks finally see for themselves the price of perfidy. ‘Fore it’s too late.

    Liked by 2 people

  23. Paqul Killinger says:

    In Canada, like the US, the people are (to borrow the words of Milton Friedman) “Free to Choose.”

    Unfortunately, free people sometimes make bad choices.

    Like

  24. Randall Finley says:

    Canadians have chosen wrongly, bigly.

    Like

  25. Curt says:

    I think Canadians will blame all this on Donald Trump. When you hear their arguments its all anti Trump. I have yet to hear someone in Canada, a political leader, explain how the current trade policies between Canada and the US are fair. ALL the Canadian arguments are couched in politics ie; we hate Trump and its all this fault! Everything favors Canada at the expense of Americans. They know it and will never argue the facts. So here we are. Let the Canadians go on their way. Tit for tat tariffs if they like! The Trump administration will level out the unfair and uneven trade policies one way or the other……..

    Liked by 1 person

  26. Fools Gold says:

    Sundance I shared your last photo with my son in law in Afghanistan…😂😂😂

    Like

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