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On Friday, StatsCan released the results of April’s Labour Force Survey, and after two months where we have seen very little change, employment rose by 58,000. While most of the employment was seen in part time, this has helped result in the unemployment rate dropping to 7.6%.
Since April 2010, full-time employment has rose by 1.9%, and part time has grown 0.8% – resulting in a total change of 283,000 employment growth.
Today, Stats Can announced that operating profits in the fourth quarter had risen up 7.9% since the last quarter, to $65.5 billion among Canadian corporations.
In the non-financial sector, profits increased a total of 7.3%, to $49.6 billion. Manufacturing itself saw profits increase 15.3%!
Yesterday, Stats Can posted the results of December’s Survey of Manufacturing. It turns out that in December manufacturing sales increased by 0.4% to $45.4 billion.
A breakdown of industries is as follows:
"We are happy with the consistent quality of service that we receive from Northbridge – they approach each claim in a professional manner that shows their knowledge of the SR&ED program as well as what types of projects are eligible for the program. They are always able to identify SR&ED projects that we overlook, and they have made the claiming process as easy as possible for us."
-Diana Karbi, Office Manager, Exactics Tool & Die
"The sizable refunds that Northbridge Consultants have helped Adventec to attain, through our critical startup years, have allowed us to sustain technical personnel growth rates of over 60% per year. We have established a reputation for value-added technology; SR&ED has been our only safety net as we have continued to pursue difficult leading edge challenges."
-Jim Campbell, President, Adventec Manufacturing Inc.
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