10 May 2009

Well positioned, indeed

In the past year, Newfoundland and Labrador has shed 8,800 jobs.

That’s right.

There are almost 9,000 fewer people working this time in 2009 than there were at the same time in 2008.

CBC News is focusing only on the 2,800 dropped in one month – that is last month.

Fair enough, but that other number is staggering what with all the talk from the provincial government the past few months about the province being supposedly well positioned to weather the economic crisis and then emerge unscathed on the other side.

8,800 jobs shed in a year.

If you look at the figures from Statistics Canada you see that the figure is made up of almost equal numbers of full-time and part-time jobs. But, look a little harder and you’ll notice that in the part-time employment segment, the job loss amounts to 12.5% in a single 12 month period. 

Those people didn’t switch to full-time employment status nor did they leave the province, necessarily.

-srbp-