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Monday, March 12, 2018

Capitalist Economics Assert Themselves.


For several months Stats-Canada had been saying there were slight declines in the unemployment rate, which was probably due to production for the Christmas market, but things have sure changed as the iron-clad laws of capitalist economics have re-asserted themselves. 

Stats-Canada reported record part-time job losses in January that gave Canada's labour market its biggest one month loss since the recession of 2009. 

137,000 part-time jobs were lost, including 50,900 in Ontario. Harsh weather, (to put it mildly), affected the construction industry, (down 14,900 jobs), and the transportation industry, (5,900 jobs). 

So folks, enjoy the good times while they last, 'cos under capitalism it won't be for very long.
For socialism, 
Steve, Mehmet, John &
all contributing members of the SPC.

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