Job Market Instability Clear Sign of Sputtering Economy, says CAW President
November 4, 2011, 12:15 PM EST
A stunning decline in employment in October (72,000 full time job losses) negates the significant job gains recorded in September and should send a clear signal to governments that without better job market supports, Canada's economy will continue to underperform, said CAW President Ken Lewenza, responding to today's Statistics Canada Labour Force Survey of national unemployment figures.
"Focusing a national strategy that both aims to create jobs, including through public investments, and improve the quality of existing jobs is something that all governments in Canada can do, right now, to put our economy on a more secure footing," Lewenza said.
"Canadian politicians must stop using the economic problems of other nations to justify inaction here at home," Lewenza said. He reissued a call for the Harper government to organize a national good jobs summit, involving representatives of labour, business and government.
"Certainly, Canada is not sheltered from international economic storms, but that doesn't mean we should sit back and do nothing to avoid another economic crisis in the meantime. Stronger job market performance is a good place to start," Lewenza said, noting that Canada's labour market is in a much more precarious position now than it was prior to the 2008 recession.
Lewenza expressed particular concern around the loss of manufacturing jobs - the sector lost 48,000 jobs in October alone, adding to the 24,000 jobs lost in September.
The goods-producing industries are the foundation of the Canadian economy, said Lewenza. "When we see such huge job losses in these areas, it's a clear sign of a faltering economy and worse yet to come," said Lewenza.
"It's time to re-envision the economy and what kinds of employment we want to be creating for the future."