Liberal (Minority/Majority) Government 2025 - ???

[YZT580]

Canada adds 87,800 jobs in May, jobless rate falls to 6.6%, beating estimates

Monthly gains, led by full-time employment, erase majority of job losses posted since the start of the year

www.theglobeandmail.com

Technical recession, but the economy adds 87k jobs.

The economy doesnt know whats happening.

growth is good and the better part of that is they are full-time positions

 

[Altair]

growth is good and the better part of that is they are full-time positions

So what... economy shrinks while jobless rate drops?

Or are the job numbers signalling a rebound?

I dont think anyone knows what the economy is doing.

 

[ArmyRick]

From google AI, take with a grain of suspicion from our AI overlords, as well don't be quick to dismiss the word recession.

Yes, job numbers can increase during a recession, though it is rare for overall net employment to grow while the broader economy is contracting. A recession is defined by widespread economic decline, but labor markets are complex and can show growth through three main factors

Jobless Growth vs. Sector Pockets: Recessions hit some industries harder than others. While manufacturing or retail may shed jobs, "recession-proof" sectors like healthcare, public safety, law, and utilities frequently continue hiring because those services remain essential regardless of the economy.

Government Intervention: If a recession occurs, governments often increase public sector hiring or launch large-scale infrastructure projects to stimulate the economy and create jobs.

Population Growth: The workforce naturally grows as new job seekers enter the market. Even with a stagnant or shrinking economy, overall employment numbers may technically tick up if there is a massive surge in specific sector-driven roles or part-time work, creating a situation where both employment and unemployment can rise simultaneously.

 

[foresterab]

Definitely no economist...but a 17,000 increase in hospitality jobs which I frankly view as more entry level McJobs and a drop in the youth unemployment rate have to be both good things. Construction is up but not sure if that seasonal work. No mention of government jobs skewing numbers either way which is a positive.

One month is not a trend but more people working is a good thing.

 

[Altair]

From google AI, take with a grain of suspicion from our AI overlords, as well don't be quick to dismiss the word recession.

I love arguing with AI.

Yes, job numbers can increase during a recession, though it is rare for overall net employment to grow while the broader economy is contracting. A recession is defined by widespread economic decline, but labor markets are complex and can show growth through three main factors

The broader economy is largely stagnant, the decline was so miniscule that half a percent one way or another and canada isn't in a recession. I read that we imported more gold than usual during that quarter which in and of itself might have moved the numbers enough that pushed canada into recession numbers. (Imports count against gdp)

This is to push back against the notion that the broader economy is contracting.

Jobless Growth vs. Sector Pockets: Recessions hit some industries harder than others. While manufacturing or retail may shed jobs, "recession-proof" sectors like healthcare, public safety, law, and utilities frequently continue hiring because those services remain essential regardless of the economy.

If you read the article, it was stuff like construction, information, culture, recreation jobs, transportation and warehousing along with food services.

Government Intervention: If a recession occurs, governments often increase public sector hiring or launch large-scale infrastructure projects to stimulate the economy and create jobs.

The technical recession just happened, no time between then and now for the government to stimulate the economy to add 87,800 jobs.

Population Growth: The workforce naturally grows as new job seekers enter the market. Even with a stagnant or shrinking economy, overall employment numbers may technically tick up if there is a massive surge in specific sector-driven roles or part-time work, creating a situation where both employment and unemployment can rise simultaneously.

The population is shrinking. And most of the gains were in full time work.

And the unemployment rate dropped from 6.9 to 6.6 percent.

 

[Altair]

Definitely no economist...but a 17,000 increase in hospitality jobs which I frankly view as more entry level McJobs and a drop in the youth unemployment rate have to be both good things. Construction is up but not sure if that seasonal work. No mention of government jobs skewing numbers either way which is a positive.

One month is not a trend but more people working is a good thing.

Most of the gains were in non government sectors.

 

[MilEME09]

Definitely no economist...but a 17,000 increase in hospitality jobs which I frankly view as more entry level McJobs and a drop in the youth unemployment rate have to be both good things. Construction is up but not sure if that seasonal work. No mention of government jobs skewing numbers either way which is a positive.

One month is not a trend but more people working is a good thing.

Over 50k was private sector so thats a sign the economy is rebounding with private sector confidence