Canada / Finance’s Jobs Report uses wrong data says The Globe and Mail

 Last month, for the first time, Canada’s Department of Finance released a separate Jobs Report along with the federal budget. Problem: Canada’s job creation record, as indicated in Statistics Canada’s Job Vacancy Statistics (JVS), has been dismal. Solution: Ignore the JVS, use something else and hope no one notices. Unfortunately, as The Globe and Mail reported, that last part didn’t work out.

The Jobs Report released on budget day (Feb. 11) noted a job vacancy rate of 4.2 per cent, as of January. The Statscan JVS, released one week later, noted a 1.5-per-cent job vacancy rate for the three-month moving average ended last November. (The job vacancy rate represents vacancies as a percentage of total employment positions, filled and unfilled.) Expressed as jobs, Finance reported 662,000 vacancies for January; Statscan reported 220,000 vacancies for November.

Chosen excerpts by Job Market Monitor. Read the whole story at Finance’s version of job vacancy rate is measuring the wrong thing – The Globe and Mail.

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