Government Investment Program Badly Needed as Job Losses Pile Up, says CAW President
January 9, 2009, 10:40 AM EST
The loss of 34,000 jobs in December should be a strong incentive for Finance Minister Jim Flaherty to allocate billions of dollars to a new public investment program, said CAW President Ken Lewenza after the release of Statistics Canada's monthly labour market report earlier today.
This would spur badly needed infrastructure development and create jobs in the hard hit manufacturing sector and public sector, Lewenza said.
The Labour Force Survey indicates that for the second consecutive month, Canada has recorded net job losses, a figure that has grown to 104,600 jobs in just eight weeks. The bulk of these losses have been full-time jobs.
Battered by the global financial crisis causing a major economic slowdown, Canadian workers will see their jobs continue to disappear unless the federal government can effectively stimulate the economy with direct investment and spending measures in the budget on January 27, Lewenza said.
"The dress rehearsal is over for Mr. Flaherty and the Harper Conservatives," said Lewenza. "Hundreds of thousands of jobs have already been lost in this country under their watch, with hundreds of thousands more on the line in the coming months."
The CAW, along with other major Canadian unions, are calling on the federal government to introduce massive public investment initiatives that are directly attached to a national Made in Canada purchasing policy to stimulate new economic growth and job creation.