No Explanation for Construction Job Losses

Statistics Canada reported that employment in Ontario’s construction industry dipped 1.7% shedding 8,800 jobs in August.  Construction employment in July stood at 527,500 compared to 518,700 in August.   Across all sectors employment in Ontario declined by 1.1%.  80,100 jobs were lost last month after a boost of 60,600 jobs in July.  Ontario’s unemployment rate moved up to up to 5.7% in August up from 5.4 % a month earlier. 

While COCA has no empirical data to counter the StatsCan report, anecdotally, from the stories we hear talking on the phone to contractors in the field every day, we find these numbers difficult to explain.