How's that socialism working out for you - Canada

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From Canada's Financial Post:

Canada just lost the most jobs in nine years, with biggest drop on record in part-time work
It was payback time for Canada’s labor market in January, with the biggest monthly job loss since the last recession — all part-time — as employers faced quickening wage gains.

Canada shed a net 88,000 jobs during the month, a sharp stop to a recent stellar performance that saw 2017 produce the biggest increase in jobs since 2002. The drop reflected a record loss of 137,000 part-time jobs, and a 49,000 gain in full-time work.

The employment drop coincided with an increase in the minimum wage in Canada’s largest province — Ontario. That fueled an acceleration of the national wage rate to an annualized pace of 3.3 per cent that was the fastest since 2015.

Higher taxes and raise the minimum wage - great business plan. Tip of the hat to Kate at Small Dead Animals

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This page contains a single entry by DaveH published on February 10, 2018 3:37 PM.

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