Stats-Canada reported that in June 31,800 jobs were added to the economy, but the unemployment rate went up from 5.8 to 6 per cent.
Figures sometimes can be quiet deceiving, but they explained 76,000 job seekers came into the work force. So, even if 31,800 of that 76,000 got jobs, it would leave 44,200 without one.
Many years ago the Minister for Labour said, ''the economy can't exist without a reserve army of unemployed,'' which within capitalism it cannot. It needs this ''reserve army'' to fill jobs when the economy is going through one of its periodic booms only to discard them when it has its inevitable slumps.
Figures sometimes can be quiet deceiving, but they explained 76,000 job seekers came into the work force. So, even if 31,800 of that 76,000 got jobs, it would leave 44,200 without one.
Many years ago the Minister for Labour said, ''the economy can't exist without a reserve army of unemployed,'' which within capitalism it cannot. It needs this ''reserve army'' to fill jobs when the economy is going through one of its periodic booms only to discard them when it has its inevitable slumps.
For socialism,
Steve, Mehmet, John & contributing members of the SPC
Steve, Mehmet, John & contributing members of the SPC
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