Unemployment Canada: Half Of Mid-Sized Cities Have Fewer Jobs Than Before Recession, Report Finds

It’s been four years since the Great Recession ended in Canada, but nearly half of Canada’s mid-sized cities have yet to regain the jobs lost during that period.

It’s a stark reminder of the large regional disparities that separate Canada’s regions, and an indicator that this problem has only been made worse by the recent economic turmoil.

According to a report from the Conference Board of Canada, 21 of Canada’s 46 mid-sized cities still have fewer total jobs than they did in 2008, when the world, including Canada, was plunged into the worst economic slowdown since the Great Depression.

The Conservatives touted the news in early 2011 that Canada had recovered all the jobs lost during the sharp, nasty recession that technically ended in 2009.

But the Conference Board report would suggest that while some parts of Canada have soared economically in recent years, many parts of the country are effectively still stuck in a recession.

The situation in Ontario appears particularly bad, with all of the province’s mid-sized cities still struggling with employment rates below that seen before the recession, the Conference Board reports.

But Ontario isn't the only one. Western Canada is also dotted with cities that have fewer jobs than before the recession, including, perhaps surprisingly, several Alberta cities -- Lethbridge, Medicine Hat and Red Deer. So while the oil sands may be benefiting big cities like Calgary and Edmonton, as well as Fort McMurray, the centre of the oil patch, it has had little positive effect for other cities in the province.

That Ontario’s mid-sized cities have been particularly hit hard would suggest the decline of Canada’s manufacturing base has played a role in this phenomenon.

Original Article
Source: huffingtonpost.ca
Author: Daniel Tencer