clubhouse19 wrote: 859
You are just looking at one side of the equation...With the opening up of the markets...you will see some layoffs in different sectors that were fueled by online services during the pandemic,
How many jobs will be created with the infrastructure bill and those announced manufacturing job openings that were announced .
The monthly labor stats are the ones to look out that will be the real numbers.
But of course...the negatives as you are showing, are the ones that get the press coverage.
As far as Canada goes, there is a major shortage in most provinces if not all as they keep on squabbling amongst themselves on what is given and what they are to do with the moneys ?
You are seeing that msjor issue in health care.
As far as construction is concerned, they are also impacted even though permits are down. Hard to get skilled workers in both Ontario, which is becoming alarming and in quebec, 13k new construction workers will be needed each year for the next 5 years and Quebec doesn't want bringing in the needed workforce.
So you have a double impact...labor costs go up and inflation may take longer to ease.
This country is stupido to say the least and quebec takes the cake !!
BBDB859 wrote: Hey Club just quickly here. I don't wanna belabour the topic. So just a quick search yesterday, and this is what I found on Unemployment.
There were 250K of Jobs lost in the IT & RE related sectors in the US in 2022. Here is just a taste of what's to come from these GIANTS in 2023.
2022 -
Google 12K unemployed. Facebook 11K, Ford 3.5K, Better dot com 3.2K Microsoft 10K. In all more than 154K tech employees lost their jobs from over 1,000 IT companies in 2022. -Wayfair 10% of it’s work force 2K, Cisco 4K, Carvana 4K. Job openings have droped more than 30% in 2022. 7-eleven, Shopify, Tesla, Loom, Zoom, DocuSign, Tik Tok, Noom, Udaan, HP, Cars 24, Better.com -Twiter 3.5K, Lift, Stripe layed tons of people off. Robihood, Bird, Snapchat, Nesle, Tesco, Cineplex. -Amazon 18K, Unilever, Doordash, Peleto, bed bath & Beyond, Salesforce 8K, Direct TV, Vimeo, Coinbase, Carta, JPMorgan Chase, Goldman Sachs are coming on the heels of Amazon. Zillow, Netflix, Compas & Redfin 2023 has seen 26K -2023 up to now that's e weeks in, 26K layoffs will these Tech layoffs spread to other industries? I don’t know But the problems are just starting. Keller Williams,
CBRE, JLL, in RE laid off 13k in 2022 & it’s just starting.
So I don’t wanna be smart here. But how do you stop or decrease inflation by lowering interest rates, to stimulate the Economy in this Economic climate??? OXYMORON for the Govt’s in the coming years. This is coming here. Will these Govt's figure this mess out. Will Inflation subside fast enough without having to stimulate the market with LOWER rates.
My feeling is that we are in this steady pace of 6.5% rates for the next 2 years just to see if Inflation is going to get reined in. Btw expect another quarter point to half a point raise again here 2023 from the BoC, when ever they're set to announce it.
So Recession? Call it what you will, it ain't pretty for the next few years. Cheers
clubhouse19 wrote: Bombardier is looking into the future to improve their IT use in lowering costs and streamlining operations and supply chain.
Notice defense is mentioned in there.
https://www.tcs.com/who-we-are/newsroom/press-release/bombardier-selects-tcs-key-strategic-it-partner