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Originally Posted by kwajo
The T&T often prints negative stories about Saint John by taking numbers and spinning them around. They probably reported that Saint John "lost" 3100 jobs while it may have "gained" 3000 for a net change of -100, but since it is the T&T, you'll only hear the anti-Saint John side of the story. The way it works is that the Times & Transcript is constant boosterism for Moncton while the Telegraph Journal is perpetual depression about Saint John. It's pathetic how twisted both papers have become, we really need some journalistic competition in this province.
I find their job number bizarre given that according to CBC Radio on Friday, Saint John had a drop in the unemployment rate last month from 6.6% to 6.1%. I don't know how you lose jobs and unemployed people at the same time, but I guess things are starting to disappear into the Fundy Vortex sooner than anticipated.
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I think these were the numbers he was referring to. Based on the sept 07 and 08 employment figures from Statscan.
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Originally Posted by stu_pendousmat2
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You're absolutely right about the T&T and TJ. If it's any consolation, we're all just as tired of their ridiculous boosterism as you guys are.
As for how the unemployment rate can go down, while job numbers decrease. The unemployment rate is based on the number of people working, divided by the number of people in the workforce. The UR can go down, even after job losses, if the number of people in the workforce decreases more. That can be based on a number of factors, like retirements, people no longer seeking employment, disability, etc.
I'm not saying that's the case here, but that's generally why.