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Bullboard - Stock Discussion Forum Brompton Lifeco Split Corp T.LCS

Alternate Symbol(s):  T.LCS.P.A

The Funds investment objectives are to provide holders of Preferred shares with fixed, cumulative, preferential quarterly cash distributions in the amount of 0.15625 per share and to return the original issue price of 10.00 per Preferred share to Preferred shareholders at maturity; and to provide holders of Class A shares with regular monthly cash distributions, targeted to be 0.075 per share... see more

TSX:LCS - Post Discussion

Brompton Lifeco Split Corp > BC job growth NOT a good thing
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Post by mouserman on Oct 30, 2023 8:59am

BC job growth NOT a good thing

Across Canada, headline statistics suggest the labour market has recovered from the COVID recession and in many respects improved since then. However, a closer look at the numbers complicates the story. As noted in a recent study published by the Fraser Institute, in all 10 provinces the rate of job growth in the government sector has exceeded growth in the private sector. Nowhere is that more true than British Columbia, where nearly all net job creation since the start of the pandemic has occurred in the government sector while private-sector job growth has been essentially nonexistent.

Let’s first look at aggregate job numbers. Between the onset of the COVID recession in February 2020 and June 2023, total employment in B.C. increased by 111,500 jobs. That amounts to a total increase of 4.2 per cent—near the middle of the pack among Canadian provinces (these statistics include all levels of government—federal, provincial and municipal).

But again, nearly all these jobs were created in the government sector, which is responsible for 104,400 out of these 111,500 additional jobs. By comparison, the private sector (including self-employment) saw a net increase of just 7,100 jobs.

Put another way, more than 90 per cent of job growth in B.C. was the result of government hiring.

 
Comment by mouserman on Oct 30, 2023 9:01am
And so begs the question, where does the money come from to pay for these newly created govt positions? 
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