Tag Archives: rate

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

You can’t stop marching, even when it looks like there is no way, find a way, through the mud, and the muck, and the driving rain, we don’t stop … because we know the rightness of our cause – President Obama

“… You can’t stop marching … Even when folks have hit you over the head, you can’t stop marching … Even when they turn the hoses on you, you can’t stop … Even when somebody fires you for speaking out, you can’t stop … Even when it looks like there is no way, you find a way, you can’t stop … through the mud, and the muck, and the driving rain, we don’t stop … because we know the rightness of our cause …” – President Obama Speaks At The Congressional Black Caucus – 9-24-2011.

YouTube

SINDH: Schools, colleges to remain open in June

By: Syed Jafar Askari

KARACHI – The Sindh Education Department has decided that summer vacations will be observed in two months from July to August instead of June to July.

It is also decided that the female students will be awarded scholarships to enhance literacy rate among women segment of the society. These decisions were taken in a meeting of Steering Committee of Sindh Education Department, held on Saturday. Sindh Education Minister Pir Mazhar ul Haq presided over the meeting ….

Read more : The Nation

Indian budget projects economic growth

India’s government has unveiled its annual budget, saying that the economy is expected to grow at 9% in 2012.

Finance Minister Pranab Mukherjee said the growth rate for the current fiscal year was projected at 8.5%.

He said inflation would decrease over the next fiscal year – the current rate is 8.4%. But food price inflation, at 17%, “remains a concern”.

Mr Mukherjee promised action on food security and pledged an increase in social spending. …

Read more : BBC

Sindh’s discomfort with surging foreign debts

By Sabihuddin Ghausi

Mounting foreign loan burden has started telling on the nerves of Sindh’s economic managers. Officials at the Sindh Secretariat at Karachi complain of inflated cost of foreign funded projects that are thrust on them. “ All projects are virtually designed by the donors but are attributed to us without the consent of provincial political leadership and the concerned officials,” confided an official.

Continue reading Sindh’s discomfort with surging foreign debts