Friday, December 05, 2014

Canadian November Labour Report- Just Silly

Earlier today Statistic Canada released their Labour Force Survey data for November 2014 without so much as a sly grin to acknowledge how ridiculous the report is or how insignificant the bureau has become.
Statistic Canada November 2014

In November when wholesalers are shipping more than 50% of their annual product and retailers are ramping into their biggest season of the year, StatsCan tells us that the wholesale and retail industries declined by 41,600 jobs.   That reminds me of the time they reported that teacher jobs jumped through the ceiling in July.  Bahaha.  Seriously?

Statistics Canada reported job increases in September and October.  According to the Toronto Star, "The consecutive increases in September and October marked the first time since December 2012 that the agency's see-saw jobs survey recorded two straight months of employment growth outside the margin of error."  Logic says that September and October must have been exaggerated gains and November's decline is just part of their pattern of errors and adjustments.

The report also tells us that  Ontario jobs declined by 34,000 in November while Quebec's increased by 20,000.  Sorry kids.  That didn't happen either.

"Employment in professional, scientific and technical services decreased by 33,000"  - Nope!

They report that Private Sector jobs declined by 45,600 in November.  Not believable!  Neither is their report of a Public Sector increase of 22,600 jobs.  Heck, even spend and burn socialists like Kathleen Wynne in Ontario weren't creating new jobs in November. In November the Ontario CCAC and other health care providers were actually cutting back services.

Does the Agriculture industry in Canada increase jobs in November?  Stats Can says they do.  I'm not a farmer but my vegetables were picked and our garden was closed by November 1st.   Stats Can reported that the Transportation and Warehousing industry decreased by 14,600 jobs in November.  My friends in the industry tell me that there are not enough qualified drivers available to move the loads for Christmas season or the produce shipments from the south. If demand was up, certainly employment was not down.

It is a survey.  It is not based upon facts like payroll data.  My theory is that people who are working hard (especially in new jobs in industries like retail, wholesale, transportation, technical or healthcare) are inclined to give false answers when interrupted by an annoying survey.  As a result, they blurt out the sarcastic opposite of the truth just like I do when surveyed by political parties or questioned about my duct cleaning needs.

For now, I'm going with the George Costanza Opposite Theory.  Whatever Statistics Canada says about the labour market... I'm going with the opposite.

Steve Jones
Business Leadership Corp.