Boyd, Roosen, Quartermain: It takes grit, invention, luck to make the big time
Mining industry legends discuss the backstories on their multibillion-dollar successes.
In the midst of Canada’s bleak October job report, Statistics Canada reported one bright spot: that the resource sector added 12,000 jobs.
Canada, overall, lost 54,000 jobs in October pushing the unemployment rate up .2% to 7.3%.
Statistics Canada says that the bulk of the decline in occurred in manufacturing, followed by construction. However, natural resources employment has grown by 5.0% over the past 12 months. The service sector remained unchanged.
Despite the bad news, Statistics Canada sees some good long-term trends developing:
In the 12 months to October, employment in the goods sector has fallen 0.7%, with growth earlier in the period dampened by declines in recent months.
In contrast, employment in the service sector continued on its long-term upward trend, growing 2.0% since October 2010. Accommodation and food services led the way (+8.2%), followed by transportation and warehousing (+3.7%), health care and social assistance (+3.4%), and professional, scientific and technical services (+3.4%).
