GUNTER: Canada is being ripped off by Trudeau’s economic policies

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Statistics Canada’s June jobs report, released Friday, was dismal.

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Nationally, Canada is losing – losing! – 1,400 jobs last month. Typically, a healthy economy will absorb many jobs during the summer months. Seasonal increases occur in tourism, agriculture, forestry, construction and other industrial sectors.

But not in liberal Canada, where woke virtual signals have replaced sound economic policy for the past nine years.

While our economy was experiencing unprecedented job losses, the national workforce grew by more than 40,000 people. This is a miscalculation. Canada lost 1,400 jobs in the same month, while the number of people needing work increased by more than 40,000.

Unsurprisingly, the unemployment rate rose from 6.2% to 6.4%.

Since April last year, unemployment has increased by 1.3 percentage points and is now at its highest level since 2017 (excluding pandemic years).

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There are two main reasons for the rise in unemployment: private sector job growth has remained flat over the past two years, and the Liberal Party continues to accept far more immigrants than our economy can absorb.

Last month alone, Ottawa welcomed 99,000 newcomers.

As a bonus, housing construction has also slowed, meaning the Liberals are filling the country with lots of people when there aren’t enough homes and jobs to accommodate them.

Statistics Canada estimates that to cope with the number of immigrants flooding into the country, our economy would need to create 50,000 new jobs each month. In the last 18 months, our economy has only reached that threshold once.

The numbers could be worse, I think. As job creation slows, more and more Canadians are giving up looking for work. And anyone who gives up looking for work is no longer counted in the unemployment statistics.

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If the same percentage of workers were actively looking for work as they were 18 months ago, the unemployment rate today would be closer to 7%.

Since this time last year, our population has grown by 1.1 million. Our workforce has increased by 588,500. However, Canada has only added 343,400 jobs according to Statistics Canada, of which only 165,500 were full-time jobs.

Since June 2023, the number of unemployed has increased by 245,200 people. This represents an increase of 21% in just one year.

Under Trudeau’s Liberal government, private sector productivity declined, business investment collapsed, manufacturing slowed, inflation and interest rates remained high, and wages and our standard of living fell by about a quarter to a third compared to those in the United States.

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Ontario, once one of the strongest economies in the world, now has a median income comparable to that of Mississippi.

At the same time, federal public sector workers are raking in huge profits.

According to an analysis published this week by the Desjardins Group, while employment in the private sector has only increased by 4% since 2019, employment in the federal public service has jumped by 17%.

And federal workers also enjoy a growing pay gap with their private-sector counterparts.

According to Desjardins, “those who worked in the federal public administration between January and May of this year earned a median salary of $45 per hour.” The average salary for private sector workers is $35 per hour – on par with that of municipal and provincial government workers.

Federal workers are now the highest-paid occupational group in the country, with the exception of oil and gas workers.

In the past, civil servants earned slightly lower wages than private sector workers in exchange for greater job security, higher pensions and better benefits. They still enjoy all the benefits, but can now count on shorter working hours, longer vacations, early retirement and much better pay.

The Trudeau government’s economic policies have made life much worse for most Canadians, but they have created a new privileged class of civil servants.

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Vince Corbyn

"Tvaholic. Beer guru. Lifelong internet nerd. Infuriatingly humble pop culture scholar. Friendly food advocate. Freelance alcohol fan. Incurable bacon ninja."

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