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Canada Just "Revised" All Of Its 2014 Job Gains 35% Lower
Who can forget the farce conducted by Canada's labor statistics office back in August when, as we reported, "Canada Releases Atrocious Jobs Data; Then Revises It Above The Highest Estimate Following Public Outcry." It was then that we got our first hint that when it comes to massaging data, Canada is on par with China and even the US.
Well, Statistics Canada just outdid itself moments ago when it reported that those 185,700 jobs gains it had previously reported for all of 2014... well, it was only kidding, and after a second look, the number has been revised a whopping 35% (!) lower to only 121,300. How long until a lightbulb goes over the BLS' head and the US department of seasonal adjustments decides to do the same?
The "revised" numbers:
From Statcan:
Employment gains in 2014 amounted to 121,000 or 0.7%, with the bulk of the growth in September and October. In the 12 months to December, the unemployment rate declined 0.5 percentage points to 6.7%.
Following the release of population estimates based on the most recent Census of Population, a standard revision is applied to the Labour Force Survey estimates. This review is based on these revised estimates released today, which are different from those published on January 9 (see note to readers).
The employment growth rate of 0.7% observed in 2014 was the same as that of 2013, and below the rate of 1.8% recorded in 2012.
...
Employment growth in the year was concentrated among men aged 25 and older.
...
There were more private sector employees (+88,000 or +0.8%) compared with December 2013. The number of public sector employees and self-employed was little changed. Adjusted to the concepts used in the United States, the unemployment rate in Canada was 5.7% in December, while the US rate was 5.6%
Just like in the US, Canada's participation rate also declined:
The population aged 15 and older grew by 1.1% in 2014, a faster pace than employment. As a result, the employment rate declined 0.2 percentage points to 61.3%. The labour market participation rate trended downward throughout 2014, falling 0.6 percentage points to 65.7% in December 2014—the lowest since 2000.
The downward trend in labour force participation was partly due to population ageing. There was an increase in the share of Canadians aged 55 and older, who are less likely to participate in the labour market. Furthermore, the participation rate among people aged 55 and older declined 0.9 percentage points over the 12 months. At the same time, the rate for women aged 25 to 54 declined 0.8 percentage points, also contributing to the downward trend.
Finally, as a result of the above revisions, the Canadian unemployment rate was revised higher from 6.6% to 6.7%.
Perhaps it is about time to put the National Weather Service in charge of all "data collection and manipulation." And while we are at it, maybe we can put them in charge of the Federal Reserve too?
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Quel surprise eh?
I just gotta say it!
BLAME CANADA! BLAME CANADA!
https://www.youtube.com/watch?v=bOR38552MJA
I'd love to get a look at the raw data the BLS uses. Pretty sure they just make all that shit up anyway.
no way that would ever happen / s
rosenberg may have to relocate back to the USA
The good news is now that they have cleaned their laundry they can start the manipulation game all over again.
How long before the equity markets are also revised. "Oh yes, the Dow didn't actually fall 300 points yesterday" - WE JUST REVISED IT UP +350 (NYSE) RULE 1098
These people believe perception = reality.
Do they not believe at all in reality, or is it reality that they fear the most?
"Is there something I have in this office that I could hand to you that would kind of make you forget that you're holding those..."
https://www.youtube.com/watch?v=wXf_eaQcSdM
I wouldn't worry too much about it.
Big outfits always discount useless crap after the holidays to sell it.
Let them know we still have Target in 'Merica
Are Canadians allowed to walk across our border and claim free shit from us too?
Oh shit...maybe I shouldn't have announced that. The Mexicans will get pissed off.
How rayciss of me.
Big fuckin surprise EH?? This is Canada, a pathetic extension of the banana republic known as the US of A and run by a pro-semite known as Stephen Harper.
Along with the US of A, Canada is now becoming a safe haven for the Jews...because nobody else wants them in their countries.
As a Canadian, today is a day of shame. I thought we were better than Amerika when it came to issues like this. I guess we aren't. Pity eh?
btw, a fact. Stephen Poloz, the current Governor of the Bank of Canada, is an Ukranian Jew. another big fuckin surprise there EH? Obvious whose side Canada works for and this was confirmed when Harper told Putin to basically beat it in the G20 meeting last November. Oh Canada....Oh how you have stooped so low.
this Poloz is the same guy who tells young grads to work for free to put work experience on their resume while he surprisingly cuts interest rates to keep lining the bankers profits. Muthafucker
Run along now; you'll be late for the Hitler Youth rally.
I can tell you I've never been part of a survey regarding employment. Or any government survey besides the census.
It's probably all bullshit.
We could all voluntarily report our employment status on a daily basis.
Let's get several million people sending a daily email to the BLS and see if we can rattle the cage. :-)
Turn the 3 in 35% to a 7 and it's getting closer to the truth
BTFD & BTFR(ips)!
GDP Growth in US is 4%, China is 7.2%, Germany is 3.5%, Japan is 3.2%, South Korea is 5%, Canada & Australia are 3.2% each, and even Spain, Italy, France & GREECE are growing at 2.8%+ per year.
Hundreds of millions of high wage jobs are being created globally each year.
We're in EPIC Times!
Just buy everything!
The "Loonie" should shit itself today.
Welcome to the recovery Canada.
I blame fonestar.
35% Lower
Just a little.....hardly worth mentioning.
close enough for government work.
Missed it by that much.
Do it like USA:
“Well, it all comes down to how you define who is 'unemployed'. For example, last month the government moved another 988,000 Americans into the 'not in the labor force' category.”
When I was a lad, Canadians were considered sober, polite people. Now most of their leaders look like neocons on crack, just like ours.
The US has more control over Canada then some of its own states
their leaders look like neocons on crack
Thank goodness for the progressives......they don't even know what crack is....except for our president of course.
Fuck Canada. Overpriced, frozen, socialist fucking wasteland. The only thing good about Canada is the natural resources, which are becoming increasingly unprofitable to extract in todays markets. Oh, and the Montreal strip clubs are pretty awesome.
Crown Royal dude!
And curling!
And hockey!
And I'll take Canadian women over Merikans any day.
Canadian Club? Canadian Mist? Not as good as Crown Royal, but cheaper for us po folk.
Id take any nationality over an American woman, but that wasnt my point. And I am pretty sure they can distill cognac anywhere on the planet.
Yeah, you have a point there
But if you combed your hair right, nobody would notice.... Oh wait...THAT'S what the helmet is for!
Come on dude the Chinese food on Victoria island is awesome.
They used to have a great Strawberry jam that came in a can....blueberry too...but no more..it went out of business I guess
also there is nothing better than cooking up a fresh Walleye pike fish filet that you caught just an hour before.....the best
Victoria Island!?!?!?! Up in the Arctic! The one with 2000 people on it?
Oh, you meant Vancouver Island, and the city of Victoria... Common mistake.
Now everything is imported
over-priced? Because of the lower cost of living what costs me 24k/year for total income would require you 3 times as much in the USA for the same or less.
Especially healthcare. Won't cost me more than $300 in a year at most out of my taxes, I'd bet.
Canada is home of the most arrogant fools in the world when it comes to the subject of economics. There has been no reality here for over a decade
That housing market should ground quite a few people up there.
Calgary home prices are already collapsing, watch the ripple effect.
Canada is Krugman's wet dream: 50% to 80% income tax rates, 15% sales tax (national + provincial level), shitty cradle to grave welfare state benefits enslaving most of the population, a massive housing bubble the government keeps expanding, a rentier class society, & a 22 year wait for a knee operation.
Truth: You are an idiot. There is no 80% income tax rate in Canada!!
And our people live longer than you guys in the US, with about 1/4 the cost.
The only real measurement of health is longevity.
They tell me that bones ache more in the morning in Canada than say in fla, and it's true, even the head doctor agreed w/ it.
He should remove the word "income" before stating 80%, but if you include all levels of taxation (federal, provincial, municipal), permits, fees, etc... we are approaching 80% taxation for the highest income earners in the heavy taxed provinces (Quebec being the single worst tax region in all of North America)
Semantics
Probably not accurate on that count either as those who are less able to travel will pay more sales tax, those with higher income will buy things outside of Canada & avoid that sales tax plus know how to move cash so there's less income to pay tax on income or investments (and the poor will have no investments).
At risk of sounding like a nationalist oudinot...ill defer to say you may need a ball kicking.
rips
"The only real measurement of health is longevity."
I was going to write a detailed, thoughtful response to this, but really? Is that necessary? I mean, c'mon ... think about it, man.
Classic......not a clue, but might as well throw together every stereotype/myth I can think of and hope it flies.
The income tax rates federally maxes out at 29% in Canada vs 39.6% in the US......provincial maxes out at 25.75% (Quebec).......so 29%+25.75% = 54.75%
Now if you live in Kali and hit the max bracket then your income tax would be 39% + 13.3% = 52.3% (nearly the same as quebec and you get the healthcare bill too)
If you're in the upper 1%, then you're still better off in the US but for the rest of us, there are other options.
I'm torn - do I downvote for truth up upvote for /sarc?
22 year wait for knee surgery? Mine was in just 24 hours ahead of people getting heart surgeries. 80% tax? Mine's more like 13%.
But it was funny.
Just missing that we also barter maple syrup for access to doctors.
Boobs should always get an upvote.
Their housing bubble collapse will actually put ours to shame. This will be epic.
The chief statistician resigned from STATSCAN a while ago, because the Harper gov't wanted them to misreport the numbers.
Canada is about to face real big fucking problems starting now
Hope not.....me and my peeps are thinking of taking the freedom train there. Hopefully we can get amnesty.
Why wait?
Central bank just dropped its rate from 1% to 0.75%, so, kicking the can down the road a bit further still
At first when I read this I laughed my ass off, but after it started to sink in I was a little bummed. Statistics Canada was held in very high esteem by a lot of Canadians in professional and academic fields not too long ago (I was in school in the 80s and 90s). They are just running all of these institutions into the ground, we have no credibility any longer.
welcome to the "no credibility" club.....we've been waiting, i think that's everyone
Add CBC to the list - zero credibility. Journalism? Puhleeeeze... warmongers have taken over.
All Canadian MSM is full of shit. The CBC is part of it.
They put on a charade of economic discussion/analysis but you will be hard pressed to find 1 journalist/commentator who even knows the banks were bailed out. They all spew out the "Canadian banks are solid!" blah blah blah. They seem to believe it too.
Lots of hosers are going to get hosed.
Where is hangemhigh77 when you need him?
On tour w/ the Osmonds, Donny's a big hit in Vegas these days.
They need to be hung too
I got it now, "seasonally adjusted".
We blame th Polar Vortex for six months of the year, here.
It's Harpers fault !
Hopefully Harper and Baird get revised out of their jobs soon, and into international criminal court.
I can appreciate your sentiment but the anarchist in me would rather spare the tax expense to mete out statist justice.
I would be happy if somebody published the dirt on those 2 goons. The puppet masters must have something juicy to keep them dancing on stage.
Justice can be cheap and peaceful too!
WOW
I once loved Canada. I even started the ball rolling in 2004 for a possible move there, after Bush II received his second term.
Thankfully, that never materialized. I'd actually take Bush II over Stephen Harper. What the Torries are doing to the cities of Canada is horrendous. Sure, there is never-ending building going on in metropolitan Toronto, but at street level, things have changed for the worse.
I asked a Chinese friend of mine, what do they call Toronto in China? Surely they don't call it Toronto, I asked him!
Didn't get a solid reply :)
Sure, take Bush II, who never came close to balancing a budget, vs. L'il Stevie Harper, who is set to balance his this year. Then there's this:
And further to your blather about the cities. Apparently, your studies of Canada didn't include basic civics. The feds have no responsibility for cities - not streets, garbage, bridges, police, fire, EMS, nothing. It's all either municipal or provincial (although the feds get dragged into contributing to massive transportation projects, like subways). In fact, almost all the problems Canada faces right now are at the provincial level. Ontario has been run by the Liberals for 15 years, and they have made us, once the powerhouse of Confederation, into a 'have-not' province with stupid 'green' electricity plans that have sent rates skyrocketing and manufacturers fleeing, with public sector unions that contribute mightily to the election coffers of the Liberals and then demand raises and bonuses afterwards. (One notes that at a federal level, corporations and unions CAN NOT contribute to political campaigns, and individuals are capped at around $1,200; this is not true at the provincial level.) In Alberta, they just kicked out a CINO premier in Alison Redford who despite years of oil wealth managed to run the province into deficit. Other examples exist; you can look them up.
At the street level, L'il Stevie has cut the main federal sales tax from 7% to 5%. He's raised the minimum tax brackets, so you can make more money before you pay that first dollar in income tax. He's created the Tax Free Savings Account - you put the money in with after-tax dollars, and afterwards, all gains are tax-free, plus you can withdraw as you like without penalty. He's resisted the left's call for a national daycare (aka babysitting) program - which would just be a job creation strategy for more ECE grads, along, of course, with the bureaucracy and union structure to support them - and instead increased the Child Benefit, putting money into the hands of parents to allocate as they see fit - to an institutional daycare, to pay the lady down the street, or to pay Mom so she doesn't have to work and can look after the kids. Yep, he's one horrible guy.
Has he made mistakes? Of course. No politician is perfect. I wish he wasn't quite so paranoid and controlling, but as someone once said "When everyone's out to get you, it's not paranoia". Now, look at the blog comments here, read any Cdn newspaper except possibly the Nat'l Post, watch any Canadian newscast, or listen to any Liberal provincial premier, and tell me just how many friends the guy's got.
I've lived in the US, and I've lived in Canada. I'll take Canada in a heartbeat.
The Harper Government which very right wing conservatives really cut the budget to Statistics Canada.They still have a secret law based on national security which prevents taxpayers from finding out how much they spent in the failed Afghanistan war.Now they are blowing billions in Iraq.They continue to resist in settling native land claims and helping the poorest of society.These low-life scums are all part of global elite clubs that don't give a shit about working people.
http://www.globalresearch.ca/
Harper is right wing?
LOLOLOLOLOLOLOLOLOL
Harper is center left
USA is all right-wing nonsense compared to Canada; in Canada almost no one is more right wing than Harper.
You sound bitter. Not a Native born Maple Leaf are ya?
Budget cuts??? They can't get the numbers right because of budget cuts??? You must be a .gov employee because I'm pretty sure publishing monthly employment numbers would require 1 person working about half of the time. The format is already there. Someone needs to plug in the numbers.
it's not a politician, it's all politicians - wake up!!!
Canada: the goverment that has its own nation!
Fuck globalresearch.ca and Michel Chossudovsky.
ok,,,, why?
Same everywhere. Printing debt to fund their wars and other projects then passing the note for citizens to pay and pass "law" to keep them from discovering how and where the funds went in case a plebe or two get nosy.
You know they're liars and scum of excrement, but what do you call people who allow themselves to be constantly abused by them?
Edit: Look at the down votes! Man, how can someone lower themselves to troll for these scaliwags.
Well I am sure it was just One guy who will be reprimanded and then you can trust future stats. Kind of like that Census bureau guy before the Obama election that made a mistake and counted a few too many.
Guess we all need to go back to subsistent living cause we are in the AGE OF LIES.
Massaged stats is the governments MO. The easy believers only catch the story the first time around, so make that one shiny.
Born and raised in Montreal here, I can give you my own personnel stats...
My first job at 17 years old (in 1982) was unionized and paid 11$ per hour, with full healthcare benefits.
My earning potential peaked in 1996 when I was earning $18 per hour, with full benefits and a pension plan and the option to participate in the companies' stock.
Today, at 50 years of age, I work 2 jobs as a dishwasher and janitor and average $10.50 per hour - with of course, zero benefits.
I look forward to the North american Union - all hail prime minister Obama (sarc).
Wake up and get the goverment ot city job.
The unionized wage will be like $40/hr + pension.
Those govt. union jobs with full benefits and pension disappeared in the mid-80s, to be replaced by one-year temporary worker contracts with NO pension or retirement plan and if you're lucky, minimal extended health (prescription & dental.) Montreal guy's story is more the norm than the exception.
hear, hear.
Like everything today, it is quantity, not quality that counts. If you have neither then it's bullshit and lies. Only in the west can the zombies can get away with telling citizens with two or three jobs, how good the economy is......... and they believe it! Speaks volumes for state run education.
There is only one constant: BOHICA.
Is anyone surprised the progressive criminals in charge in Canada are psychopathic liars?
Here in the US just look at Obama, everything out of his mouth is a lie. The qualification of a progressive messiah that the drones cans worship requires "in your face" lying ability.
FOAD progressive scum.
Grimaldus
Hmm. I didn't realize the Tory Party in Canada was "progressive".
I guess your idea of "progressive" isn't the same as mine.
They changed their legal name from Progress Conservative to Conservative Party of Canada but both names were legally registered each in their own time.
The Democrat party in the US isn't democratic, the Republican party isn't anything about a Republic... they get to choose a name. That's all.
In Canada the Liberal party isn't really liberal and the Conservative party isn't really conservative.
Oh, shock: politicians are liars.
Also, water is wet.
What you know about the Canadian gov't can be summed up by {}.
How else are they going to get a positive YoY number?
Blame it on a Metric Conversion error.
How can it be? Don't they run SAP?
it makes me sad that other countries can't have a strong economy like the USA
Actually, they do call it Toronto; but it's pronounced as TOE LON TOE.
Not that there's nearly as much HAM (hot asian money) circulating in Canada anymore.
The adjustment was because we all did 35% less last year.