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Monday, October 27, 2014

Lying to Canadians: Nobody believes Stephen Harpers faux numbers

TD LMI Shows Canada's Job Situation Worse Than Thought Over Past 2 Years



Canada's unemployment rate fell to a six-year low of 6.8 per cent in the most recent StatsCan report, but if you're a regular observer of jobs data, you know better than to take that number at face value.
Policymakers are growing frustrated with the seeming unreliability of StatsCan’s monthly

unemployment reports. Those wild month-to-month swings from job losses to job gains are making it hard for analysts to understand what’s going on, and matters are made worse when — like last summer — StatsCan has to withdraw its job numbers and issue a new set, due to an error.

Well TD Bank isn’t going to take it anymore. They’ve come up with their own measure of Canadian unemployment, dubbing it the TD Labour Market Indicator, or TD LMI — an acronym we’re sure the bank is hoping will become a monthly staple in business news pages.

So what does the inaugural edition of the TD LMI show? Nothing good.

READ MORE: http://www.huffingtonpost.ca/2014/10/24/td-lmi-unemployment-canada_n_6036072.html

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