Search the Community

A huge announcement was made today in Sydney. The container port that was being pursued was finalized. This means an incredible amount of jobs to a deeply recessed area of Canada. Skilled people as well as unskilled will be coming from all over Canada and the world I imagine. Instead of the Canso Causeway helping people leave, it will be bringing them in. https://www.ajot.com/news/ports-america-and-sydney-harbour-investment-partners

http://www.ctvnews.ca/business/unemployment-rose-to-7-per-cent-in-august-statscan-1.2547995 Unemployment rose to 7% in August, although 12,000 jobs were created. Of those 12,000 net jobs, 33,000 jobs were created with tax dollars, namely, teachers, nurses, and public administration jobs. Jobs were added in Saskatchewan, Newfoundland and Labrador, Manitoba, and New Brunswick. The other provinces saw no change. Productivity continues to decline. Hours worked are increasing, while business output decreases. The road to recovery is certainly not clear.

A report on the local economy here in Hamilton tells the story that's hidden in those blurbs that appear on the nightly news: "No full time work, no benefits, and no job security." is why so many people are struggling to make ends meet even if they are working today, and gaps in income keep growing. The study shows that Hamilton is in the same predicament as most of Canada....and the rest of the world for that matter -- the benefits that have come along in the last 20 years are mostly being kicked up to the top and the middle class continues to shrink. The effects are especially bad for younger people who have come in to the job market in the new era of part time and contract work that is phasing out more and more full time employment. Here's a look at some of the report's findings: Only 60 per cent of GTA and Hamilton workers today have stable, secure jobs. Barely half of those working today are in permanent, full-time positions that provide benefits and a degree of employment security. At least 20 per cent of those working are in precarious forms of employment. Another 20 per cent are in employment relationships that share at least some of the characteristics of precarious employment. Precarious employment has increased by nearly 50 per cent in the last 20 years. For more on the side effects of precarious employment: http://www.cbc.ca/hamilton/news/story/2013/02/23/hamilton-precarious-employment-report.html