Jobs vanish but “job creators” get richer
The January labour force report from Statistics Canada contained a nasty jolt. Amidst a generally positive report for the country as a whole there was a great big outlier for Nova Scotia. In December there were 13,300 fewer full-time jobs in this province than there were in December 2015. Surprisingly, the biggest drop – 9,600 – was recorded in Halifax. Even more shocking, elsewhere in Canada there was an increase of 81,000 full-time jobs in December. The jobs meltdown is only news to a degree. As recorded often on this site, something is clearly rotten in the economic state...
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