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\u52a0\u62ff\u5927\u592e\u884c\uff08Bank of Canada\uff09\u884c\u957f\u9053\u5947\uff08David Dodge\uff0912\u670811\u65e5\u8b66\u544a\u79f0\uff0c\u7b2c\u56db\u5b63\u5ea6\u7684\u589e\u957f\u5c06\u4f1a\u4f4e\u4e8e\u592e\u884c\u4e4b\u524d\u7684\u9884\u671f\uff0c07\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e5f\u4f1a\u51fa\u73b0\u7f13\u548c\u300206\u5e74\u7b2c\u4e09\u5b63\u5ea6GDP\u589e\u957f1.7%\uff0c\u662f3\u5e74\u6765\u7684\u6700\u4f4e\u901f\u5ea6\u3002<\/p>\n
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\u52b3\u52a8\u529b\u589e\u52a02.73\u4e07\u4eba\u81f317\uff0c714\uff0c500\u4eba\u3002\u52b3\u52a8\u53c2\u4e0e\u7387\u4e3a67.2%\uff0c\u5c31\u4e1a\u7387\u4e3a63.1%\u3002 <\/p>\n
Jobless rate hits 30-year low<\/p>\n
Canadian Press OTTAWA \u2014 There were 62,000 more people working last month, pushing Canada\u2019s unemployment down to 6.1 per cent, a level that was more common 30 years ago.
\nThe rate had flirted with 6.1 per cent in mid-2006, then ratcheted back up to 6.3 per cent in November. <\/p>\n
The news from Statistics Canada was a pick-me-up for the Canadian dollar, as investors concluded that interest rate cuts aren\u2019t in the offing. <\/p>\n
By noon today, the currency was at 85.08 cents US, up 0.14 of a cent \u2014 rebounding from a drop to its lowest level since November 2005 the day before. <\/p>\n
The job numbers had analysts predicting a boost to economic growth after a lacklustre finish to 2006. <\/p>\n
\u201cThis is great news from, I would say, a first-quarter economic growth point of view,\u201d said Andrew Pyle, an economist with Scotiabank. <\/p>\n
\u201cThe headlines are great, the job growth is great. The unemployment rate falling is good news from a consumer confidence point of view and, therefore, a consumer spending point of view. <\/p>\n
\u201cThat\u2019s badly needed. Canada has experienced several quarters now of anemic growth.\u201d <\/p>\n
For 2006 as a whole, the economy created 345,000 new positions, a 2.1 per cent increase and the best annual showing since 2002, Statistics Canada reported. It was the 14th consecutive year of job growth. <\/p>\n
Most of the new jobs were in self-employment, which David Tulk, an economist from TD Bank called \u201cthe fly in the ointment.\u201d <\/p>\n
Pyle said there are income implications in that data. <\/p>\n
\u201cAre we getting the same type of income gain from a new self-employed person as we would be, say, from hiring another worker on a factory floor?\u201d <\/p>\n
Some said the gains could be misleading. <\/p>\n
\u201cI think the numbers could be volatile and maybe going into the new year you might see some weakness,\u201d said Andrew Gretzinger, senior economic analyst at MFC Global Investment Management in Toronto. <\/p>\n
He said the current unseasonably warm weather across much of the country is a mixed blessing. It may help construction, but it will hit hard at snow-dependent ski hills and other tourist attractions. <\/p>\n
The analysts agreed that the latest numbers give the Bank of Canada more reason to hold off on any interest rate cuts until later in the year. <\/p>\n
While some still predict rate cuts in the second quarter, Paul Ferley, assistant chief economist at the Bank of Montreal, said he believes the central bank will hold its key rate at 4.25 per cent through 2007. <\/p>\n
In December, almost two-thirds of the new jobs were created in Ontario. Gains across the country were split between full-time jobs, 37,000, and part-time jobs, 25,000. <\/p>\n
For the year as a whole, Ontario recorded job growth of 1.8 per cent, but the gains came in service industries. <\/p>\n
Ontario has lost 130,000 manufacturing jobs since the fall of 2002 and most of Ontario\u2019s job gains in December were in part-time work. <\/p>\n
National manufacturing employment was off 2.7 per cent, or 59,000, for the year and down nine per cent, or 216,000 jobs, since the decline started in November 2002. <\/p>\n
Quebec\u2019s unemployment rate hit a 30-year-low of 7.5 per cent in December. <\/p>\n
Alberta recorded its best job growth in 26 years in 2006, with a jump of six per cent. Although the province accounts for only 10 per cent of working-age Canadians, it accounted for almost a third of the job growth. <\/p>\n
Saskatchewan, Newfoundland and Labrador and British Columbia also recorded job gains above the national average last year. <\/p>\n
About two-thirds of the job growth last year was among adult women and the proportion of women 25 and over who were working hit a record in December. <\/p>\n
Youth employment was up 1.4 per cent, or 36,000 jobs, over the year and the jobless rate for young people, at 11.2 per cent in December, was approaching its lowest level in a quarter-century. <\/p>\n
The employment gains helped push average hourly wages to an even $20 in December, up 2.6 per cent over the year. <\/p>\n
Employment growth for 2006 was spread across a number of industries. Natural resources was on top with growth of 10.9 per cent. Business, building and other support services were up 8.8 per cent, while finance, insurance and real estate gained 6.9 per cent. <\/p>\n
A quick look at December unemployment (previous month in brackets)<\/p>\n
Unemployment rate: 6.1 per cent (6.1)
\nNumber unemployed: 1,075,000 (1,109,300)
\nNumber working:16,639,500 (16,577,900)
\nYouth (15-24 years) unemployment: 11.2 per cent (11.8)
\nMen (25 plus) unemployment: 5.3 per cent (5.3)
\nWomen (25 plus) unemployment: 4.9 per cent (5.1)<\/p>\n
http:\/\/www.thestar.com\/Business\/article\/168207<\/p>\n","protected":false},"excerpt":{"rendered":"
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