Jobs data good news

Very strong labour market numbers today for Barrie, and pretty good numbers Canada wide. 

July’s data from the Federal government shows that 2,500 more people in the Barrie area have jobs than in June, bringing the total increase in employment to 10,500 in greater Barrie since May 2010.

While the headline employment number in Canada was little changed, the unemployment rate dropped, and the underlying numbers are very strong – private sector employment increased by almost 100,000 jobs, but this was offset by declines in public sector employment, as governments start to retrench to deal with large deficits.  US jobs data was released today as well, and they are better than expected.  Click here for the Canadian report. 

Hopefully, this will calm some of the fears that caused such turmoil on stock markets yesterday.  And it shows our area continues to show strong underlying economic growth.

About jefflehman
Jeff Lehman is the 46th Mayor of the City of Barrie. The Ward 2 Councillor for the City of Barrie from 2006 to 2010, he was the Chairman of the Finance Committee of Council, chaired the City’s Growth Management Working Group, and created the Historic Neighbourhoods project, a new initiative to protect and revitalize Barrie’s oldest neighbourhoods. Jeff has lived in Barrie for most of his life, having grown up in Allandale and attended Barrie Central Collegiate. Jeff holds a B.A. from Queen’s University, and a Master’s Degree with first class honours from the UK’s prestigious London School of Economics. He was hired to teach at the LSE following his graduation, and lived and worked in London for two years as an academic. Since that time, as an economist, he has worked with cities across Canada to manage redevelopment and invest in their urban infrastructure. In 2005, he established the Growing By Degrees Task Force to assist in expanding university education opportunities in Barrie, and has volunteered his time with many organizations in the City. Jeff lives near Downtown Barrie with his wife, Jennifer, a part-time professor of political science, and their young daughter Cassie, who is already smarter than her father.

Comments

5 Responses to “Jobs data good news”
  1. Robert Viera says:

    This table says that the (seasonally adjusted) change in employment in the Barrie census metropolitan area from June to July was +1,400: http://www40.statcan.gc.ca/l01/cst01/lfss03h-eng.htm

    Could you provide a link to the source for the +2,500 figure?

    • jefflehman says:

      Hi Robert. Thanks for this. Here’s a link to the July unadjusted numbers, which shows the 109,000 jobs total for Barrie CMA: http://www40.statcan.gc.ca/l01/cst01/lfss04h-eng.htm. The June figure was 106,500.

      For month to month comparisons, economists typically report the unadjusted figures, because this is the true numbers of jobs actually created. Seasonally adusted figures are appropriate for longer term comparisons, because of the month to month fluctuations associated with (especially in our area) tourism-related employment, etc. The Barrie CMA does have seasonal fluctuation as the tourism industry here hires up in May and June. When StatsCan reports these numbers, they show month-over-month from one year ago, in order to limit the impact of seasonal impacts.

      When I post on the blog, I’m going to start using the seasonally adjusted figures for long-term trends, but continue to report the unadjusted (ie. actual) job gains/losses for month-to-month, which is standard practice.

  2. Robert Viera says:

    Thanks for the link Jeff, though I don’t understand how seasonally adjusted figures would be useful over the long term. Seasons change from month to month, not from year to year.

    • jefflehman says:

      Hi Robert. StatsCan uses seasonal adjustment factors to reduce the impact of seasonal hirings on the overall job picture. So, for example, if you were to compare say January 2010 to July 2011, the job growth numbers would look artificially high, because the total jobs number would include a whole bunch of summer jobs (seasonal). It’s also an issue when you compare cities against each other – those with strong tourism or other seasonal industries (like fishing or forestry) get a temporary job bump in the spring/summer, and a temporary decrease in fall/winter. So yo make these kinds of comparisons more accurate, they apply some formulas to reduce that impact. Don’t ask me how they do it, that I don’t know!

  3. Paul Picknell says:

    Are these the typical “part-time” low paying jobs that do absolutely nothing for real economic growth and stability or real full-time jobs that allow people to spend on more than rent and food?

Speak Your Mind

Tell us what you're thinking about this article...

*


Got a question or comment for City of Barrie staff?

If you have a question or would like to provide feedback to a City of Barrie department please use the online contact form located on the City of Barrie's website: http://www.barrie.ca/info/Pages/ContactUs.aspx