New report shows that 322,000 manufacturing jobs were lost from 2004-2008
March 10, 2009
Canada lost nearly 322,000 manufacturing jobs from 2004 to 2008, with more than one in seven manufacturing jobs disappearing over the period. More than 1.5 million jobs were created in the rest of the economy during this period, according to a recent report from Statistics Canada.
The losses resulted in the erosion of the share of manufacturing jobs in the economy. In 2004, manufacturing represented 14.4 percent of total employment; in 2008, the proportion was 11.5 percent.
Almost all manufacturing industries have seen a sharp decline since 2004. Of the 23 studied, only six showed job growth from 2004 to 2008, including transportation equipment - excluding automobiles and automobile parts (9.2 percent), oil and coal ...