Tag Archives: Policymakers

CBC News – Canada loses 54,500 jobs in March

Jobless rate ticks higher to 7.2% as private-sector hiring slumps

By CBC News

Canada’s economy lost 54,500 jobs in March, bleak new data from Statistics Canada showed Friday.

That’s the worst month for Canadian employment since the recession of 2009. When added to the numbers for January and February, they show that Canada’s economy has lost 26,000 jobs so far in 2013 as a whole

The job losses pushed Canada’s jobless rate higher to 7.2 per cent.

“Official unemployment would have increased even more but for 12,300 Canadians dropping out of the labour force altogether and consequently not being counted as unemployed,” United Steelworkers economist Erin Weir said of the data.

Provincially, Quebec, British Columbia and Alberta lost jobs, and employment edged down in Ontario. The only province with an increase was Nova Scotia.

Loonie sinks on news

Private sector hiring, the engine of growth that policymakers keep a close eye on, actually fared even worse. There were 85,000 fewer private sector workers in March, while the public sector was largely unchanged,

There was an increase of 39,000 among self-employed people that counteracted the decline.

Overall, economists had been expecting about 6,500 new jobs, so a loss of 54,500 represents a considerable miss.

Much of the losses came among those in the core working-age group of those between 25 and 54. Among those younger than 25 and older than 54, the job numbers were pretty steady.

The Canadian dollar lost half a cent to trade below 98 cents US in reaction to the news.

Courtesy: CBC News
http://www.cbc.ca/news/canada/story/2013/04/05/business-jobs-canada.html

What’s Wrong with Pakistan?

Why geography — unfortunately — is destiny for South Asia’s troubled heartland.

BY ROBERT D. KAPLAN

Perversity characterizes Pakistan. Only the worst African hellholes, Afghanistan, Haiti, Yemen, and Iraq rank higher on this year’s Failed States Index. The country is run by a military obsessed with — and, for decades, invested in — the conflict with India, and by a civilian elite that steals all it can and pays almost no taxes. But despite an overbearing military, tribes “defined by a near-universal male participation in organized violence,” as the late European anthropologist Ernest Gellner put it, dominate massive swaths of territory. The absence of the state makes for 20-hour daily electricity blackouts and an almost nonexistent education system in many areas.

While the Security Establishment is blowing up money on F-16s and tanks, here is the current status of Education in Pakistan

Pakistan plans to buy more F-16s

By Anwar Iqbal

WASHINGTON: Pakistan is trying to purchase used F-16 fighter jets from the United States to enhance its air capabilities, diplomatic sources told.

“We will take as many as they are willing to give,” said a diplomatic source when asked how many of these aircraft Pakistan was seeking.

In 2006, the US Congress agreed to give Pakistan 28 F-16C/Ds under its EDA or excess defence articles initiative. Fourteen of these aircraft have already been delivered. …

Read more : DAWN

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While the Security Establishment is blowing up money on F-16s and tanks, here is the current status of Education in Pakistan – Click here