The private sector’s performance looks bleaker when you consider that Canada’s adult population is growing yet private-sector employment has not kept up. In fact, the private-sector employment rate in July, 2022, is lower than it was in February, 2020, at the dawn of the pandemic in Canada and the initial COVID recession.
Things look even worse when you zoom in further on the private-sector labour force data and separate self-employment from other types of private-sector jobs. Specifically, self-employment alone has fallen by 7.4 per cent since February, 2020, which represents a net loss of 214,400 self-employed individuals, enough to almost entirely wipe out the private sector’s non-self-employment net job gains.
These trends also spell trouble for the health of government finances across Canada. The federal government and several provinces face projected operating budget deficits this year.Finances of the Nation project show that the fiscal situations for provincial governments across the country are unsustainable, which means that, in the absence of policy change, government debt burdens are on track to keep rising over time relative to the size of provincial economies. A surge in government hiring means more spending on government-sector wages and salaries.
Despite rosy headlines, Canada’s private sector has seen almost no job growth since the onset of the pandemic. Rapid job growth in the government sector has masked the weakness in the private sector. Simply put, this type of government-driven labour market recovery is unsustainable. Over the long-term, Canada’s prosperity and the health of government finances require a dynamic private-sector labour market, something which has yet to emerge in the COVID era.
Practically all government jobs contribute nothing to the economy. 100% Tax payer paid salaries and benefits. 70% of the tax payers pay for the 30% of government workers.
HAHAHAHAHAAHHAHHA B.S. There are thousands and thousands of non government jobs that need to be filled. Jobs in construction, the oil fields, hospitality businesses, tech jobs, and more. Businesses are hurting right now due to a lack of workers/skilled workers.
Voters
Those are shocking stats
A happy, healthy population includes those who feel capable of becoming their own bosses. However, Not everyone is employable and not everyone is an entrepreneur.
When all else fails, blame government workers for existing.
Diversity and inclusion doesn't pay for itself
Still it beats waiting for the 0.1% to trickle down their billions…I’ll take Trudeau over any of them.
Canada,a bureaucrats paradise.
I’ll bet Canada has the least productive government in the G20. Incompetent radicals running nonsense portfolios that spend big cash for no benefit to anyone, while service quality tanks.