Wow, 129,000 jobs, the obvious implications are that Canada may have some serious troubles ahead. With this kind of information as a headline in many of the papers people all over Canada must be awakening to the problems we are having.
With many projects here in Alberta being put on hold I personally know several people who have lost their jobs, quite a few individuals from our shared accommodation properties have returned home to Ontario and other Eastern parts of the country and our shared accommodation properties at a whole are having vacancies like we have never experienced.
Then again, it’s a bit strange that there has been so many people lining up to see any regular vacancies we have had in the last few months. Maybe we were missing part of the story? As I started to question the numbers, one of the first questions I came up with was, where were all the jobs lost? Could they possibly have been mostly manufacturing jobs out East?
As luck would have it shortly after I was pondering this I received a Twitter message from an acquaintance Chris Davies who had looked into this quite in depth. His full story with all the graphs and info is available here, Canada Loses 129,000 Jobs you might want to take a minute and read through it. For those of you who are busy, your recap of the key points are below.
Of the 129,000 jobs, Ontario lost around 70,000, BC lost around 35,000 and Quebec lost around 23,000. Between those three provinces that amounts to around 128,000 jobs lost. That leaves 1,000 jobs lost in all the other provinces combined. The majority of all the jobs lost revolve around manufacturing and forestry.
The real story if you live in Alberta or invest in Alberta Real Estate should have read, Canada Loses 129,000 Jobs, Alberta Gains 200. Credit to Chris Davies for getting the facts and coming up with that headline. The parties not over here in Alberta and as long as you have a long term view and don’t get mislead by the headlines everything will be fine.
