The National Telegraph - Wyatt Claypool - Carney's Liberals IGNORE recession and Spin FAKE Job Numbers as Success!

00:00:00.000 Ahoy everyone, Wyatt Claypool here, back on the whiteboard today to throw a bucket of cold water

00:00:06.320 on Prime Minister Mark Carney's fake job numbers. The Liberals seem to think that Canadians are

00:00:12.000 stupid and they can convince them that they're pulling off some sort of economic miracle 1.00

00:00:16.520 because summer jobs exist. The recession no longer matters because a bunch of jobs that 1.00

00:00:22.760 are created every year for the summer and go away in the fall are being created this summer.

00:00:28.580 It's all very annoying, and I want to show you on the board how hollow the actual job

00:00:33.780 gains the liberals have created are.

00:00:35.980 But before I get into it, I just want to remind you guys, if you like the channel, make sure

00:00:39.820 to leave a like on the video, subscribe if you are not yet a subscriber, and consider

00:00:44.340 hitting the join button if you want to become a channel member and help make the channel

00:00:47.940 more sustainable for me and allow me to be less reliant on the YouTube algorithm.

00:00:52.760 But before we get into the numbers, I first want to play this video that Melissa Lansman

00:00:57.020 and the Conservatives released, mocking the liberal media's use of the term

00:01:01.460 technical recession to downplay the fact that we are, by any definition, in a recession.

00:01:10.200 Some breaking economic news this morning. Real GDP has declined for a second consecutive quarter,

00:01:15.960 meaning the definition of a technical recession. Well, look, the technical definition of a technical

00:01:22.460 recession is just that it's two quarters of flat or negative growth we haven't eaten today

00:01:30.960 yeah we're only technically hungry though

00:01:33.740 i got laid off today don't worry daddy you're only technically unemployed

00:01:43.240 now they go through a few other ai generated vignettes like that and i thought it was actually

00:01:48.920 a really good ad. I always find that when you use AI, it needs to be very sparing. And I think

00:01:53.560 here it was used in a sparing way. Melissa Lansman over that post said,

00:01:58.740 Canadians aren't technically hungry, technically unemployed, or technically homeless.

00:02:02.960 And Carney's liberal recession has real costs and Canadians are the ones paying the price.

00:02:07.720 And I think this was a good humorous way of delivering that message for the conservatives.

00:02:12.220 But now I want to go over to what Mark Carney is saying on his own X account about the job gains

00:02:17.940 that have been created and made.

00:02:20.360 Liberals haven't created them. 0.81

00:02:21.540 They're just always created every year.

00:02:23.740 Mark Carney here says,

00:02:25.280 Canada is building again

00:02:26.480 and Canadians are seeing the results.

00:02:28.760 And the financial post headline below

00:02:30.760 what he said here reads,

00:02:33.140 Canada's unemployment rate drops to 6.6%

00:02:35.820 as economy gains 88,000 jobs.

00:02:39.800 Now, that's good.

00:02:40.820 I'm not poo-pooing people becoming employed

00:02:43.000 and saying, no, actually, all those are fake jobs.

00:02:44.900 They're real jobs.

00:02:46.140 The problem is, is that these, again,

00:02:47.940 are jobs that are literally created every single year. This is not impressive in any way. And

00:02:54.180 before I get into the numbers, I want to quickly show this exchange that happened in question

00:02:57.740 period today between Conservative MP Garnett Genui and Liberal House Leader Steve McKinnon.

00:03:04.480 Garnett brings up the idea of the recession, even says he's happy more people are now working this

00:03:10.600 summer, but what about the fundamental weakness of the economy? And the Liberals are now basically

00:03:15.380 saying well who cares about the recession we just created 88 000 jobs no they didn't but let's get

00:03:21.640 into it in just a second questions oral questions you want to remember for sherwood park for

00:03:27.800 saskatchewan our speaker under this liberal prime minister canada is the only g20 country in

00:03:34.680 recession now we're glad to see that more canadians are working this month than last month but we're

00:03:40.060 down over 20 000 jobs since the beginning of this year we're still expecting negative growth and we

00:03:45.820 have the second highest unemployment in the g7 simply put we're comparing to a worse baseline

00:03:50.860 this should not be the new normal for this great country why is canada the only g20 country in

00:03:55.180 recession the honorable minister speaker you'll appreciate that this morning we woke up to some

00:04:02.460 incredibly good news for canadian workers the canadian economy added 88 000 jobs in may alone

00:04:11.900 mainly in the private sector and mainly in full-time work job growth in may was broad-based

00:04:19.020 across all industries but get this madam speaker since december 2024 canada has added more jobs per

00:04:27.100 capita than the united states madam speaker we have incredibly good news from one coast of this

00:04:33.500 country to another to another and we're celebrating today and what they're fundamentally celebrating

00:04:41.420 is something that's not surprising it's not not surprising because you know mark carney's such

00:04:45.980 a genius of course he was going to create 88 000 jobs it's not surprising because it literally

00:04:52.300 happens every year. Is the May job gains more than we usually expect in May? Sure. But that's

00:05:00.480 because, and I'll get to it in a second, FIFA is happening this year in North America between

00:05:05.720 Canada, the United States and Mexico. And so we're creating a lot of temporary jobs or preserving

00:05:11.080 jobs in Toronto and Vancouver areas. People working in the hotel industry, food industry,

00:05:17.180 free security, AV, all that stuff is either being created or sustained in the sense that

00:05:22.600 you are already working security at a bunch of events, but you have extra work this year

00:05:26.620 because of FIFA.

00:05:27.740 That's 24,000 of the 88,000 jobs.

00:05:31.240 And we've already lost this year, up before May, we had lost 112,000 jobs.

00:05:39.320 And with the gains being made, when you add in 88,000, yes, we're at like 16,000 or something jobs that we've lost overall since then. I believe that's how it would work. I might be doing the math wrong, but you get my point here.

00:05:55.960 we've we've I think Garnett Jenny we later says that we've lost 24,000 jobs probably because

00:06:02.000 certain numbers have been adjusted downward and we're talking about maybe a full time but we're

00:06:06.920 still down and that's on top of the fact that we are we're going into an artificially high

00:06:11.960 employment period during the summer this should be a big boost on top of an already healthy economy

00:06:18.640 but they're using the the boost that we always expect every year to pretend like the we have

00:06:23.420 healed. We have not healed. We have wallpapered over all of the rot. These are the main areas

00:06:29.580 that we have seen job growth in for the summer. And these are all places that you expect.

00:06:35.460 In construction, there are plus 27,000 jobs being created. In, I believe this is, yeah,

00:06:45.060 information culture and rec and recreation we have created 19 000 jobs transportation and warehousing

00:06:54.420 we have created 19 000 jobs in hotels and foods or accommodations and food service we have created

00:07:02.980 17 000 jobs and if you add all of those together you will come out to 82 000 jobs

00:07:12.260 now you'll see notice the problem is that that leaves only 6 000 jobs which are not related to

00:07:20.500 seasonal work that is very likely to go away could some of this be permanent sure i kind of doubt

00:07:27.300 that much of it's going to be permanent remember mark harney did this last year as well around

00:07:32.500 november or december he celebrated look we've added 150 000 jobs to the economy it's like well

00:07:39.780 did you invent Christmas and Hanukkah? I don't think so. Did you invent New Year's? No. These

00:07:47.380 are seasonal jobs. And that's why I think January 2026, we'd lost when you actually took into

00:07:53.300 account seasonal jobs, like over 200,000 jobs. Now, even the conservatives didn't mention that

00:07:58.460 number because it would be very weaselly to mention seasonal job losses because they're seasonal.

00:08:02.720 When we gained them, we knew we were going to lose them. You just temporarily need way more

00:08:06.500 people in the retail space during the holidays and right now you need more people helping out

00:08:11.120 with festivals helping out with sports events like fifa you know there's more people traveling

00:08:16.020 so a lot of better small towns that have you know are next to lakes end up having a lot of people

00:08:20.740 employed to work at all the fast food restaurants in the area and at the docks and whatnot just as

00:08:25.240 ski hills and ski towns gain a lot of employees or gain a lot a big amount of workers during the

00:08:31.500 winter but then during the summer they'll have more people there to manage hiking trails but

00:08:36.100 not nearly as much as when the ski resorts are packed with tourists. So really what we are seeing

00:08:42.720 is a typical bump with a very small gain in non-seasonal work and could these be higher

00:08:49.860 because of what Kearney has done that previously Trudeau was not doing? Sure, maybe if it was

00:08:56.360 Trudeau instead of Kearney we would have only had 26,000 or 22,000 jobs created in construction

00:09:02.600 or in information and, you know, culture and recreation, it would have only been 17,000.

00:09:08.200 Transportation would have only been 15,000.

00:09:10.780 In hotel and foods, it would have only been 12,000.

00:09:14.060 I really doubt it.

00:09:15.620 I really doubt it.

00:09:16.780 Because in a certain sense, we're also gaining jobs because we lost so many from the beginning

00:09:21.420 of the year.

00:09:21.800 It's easier to step out of a hole than build yourself up to a higher plane.

00:09:27.020 We're simply recovering a bunch and we're recovering with jobs that by this fall, the liberal media and the liberal party will be saying, well, don't ignore the fact that we just lost 110,000 jobs in October. Ignore that. That was just seasonal workers going home. I'm like, okay, so why are you celebrating seasonal work as if this is some economic miracle that Mark Carney is creating?

00:09:51.420 Do you know how many jobs FIFA is creating out of this amount? It's staggering the amount of jobs

00:09:58.760 that we are expecting from FIFA that would not normally be here in these numbers. FIFA is

00:10:04.720 creating around 24,000 new jobs this summer, but these are temporary jobs. These are either jobs

00:10:15.600 that are being created temporarily or they are sustaining a role that would already be there,

00:10:20.280 providing more work for those individuals than they would normally be getting again if you run

00:10:25.600 security and you run security at bars and at different festivals and at you know big conventions

00:10:31.460 going on well instead of let's say over 90 days of the summer instead of having 50 gigs or 45 gigs

00:10:39.060 you now have 62 gigs instead because there's the fifa going on fifa watch parties everywhere you've

00:10:44.440 got more stuff going on same with navy guys same with general food services and retail and all that

00:10:49.520 stuff people who who drive food trucks who are technically unemployed during the winter and then

00:10:54.840 become employed during the summer to sell stuff at stampede this is what is going on right here

00:10:59.900 but we're like the conservatives need to basically hit the fact that Carney is acting like he

00:11:06.480 invented the concept of summer he invented seasons becoming warmer and people going outside and thus

00:11:12.560 they're needing to be lifeguards at beaches and needing to have more people working at the fast

00:11:17.860 food restaurant because people are traveling through that town to get to their summer homes

00:11:21.820 more. This is literally what's happening. And it's so dumb that this is being celebrated.

00:11:27.860 The financial post is saying, oh, my goodness, unemployment fell from 6.9% to 6.6%. Oh, 0.95

00:11:35.060 that's massive job growth. I'm not saying that they should just say, oh, Carney's a loser. 0.99

00:11:38.920 Obviously not. They should just say seasonal job growth drops unemployment rate to 6.6%.

00:11:43.660 and they're like but that's not real jobs though carney if he was good at this would be creating

00:11:50.700 jobs around the fringes of the year when you don't normally think jobs are going to be created

00:11:55.020 if anything you're thinking that there's going to be some losses if he was creating big job growth

00:11:59.740 in like february or january i would be like kind of impressed wow even wow usually in february when

00:12:07.820 a lot of companies do some reordering and they and they get rid of employees after the holidays

00:12:12.300 you know at the beginning of the year our company looks at its its revenues and they say we had to

00:12:16.460 cut all these staff instead they're actually gaining that would be impressive even if it was

00:12:20.700 only like 10 000 15 000 i'm like oh wow these are like the dog days of the year and carney's creating

00:12:26.380 like tens of thousands of jobs but no we lose jobs at all the normal parts of the year where

00:12:32.620 we usually would be losing them we're losing massive amounts at those times and then we're

00:12:36.700 losing during the times where you think we would be growing and now we're supposed to stand up and

00:12:40.780 clap because we created seasonal jobs that still don't even offset the over 20,000 lost jobs that

00:12:48.940 we've added in the year in permanent full-time employment. Steve McKinnon said, oh, this is

00:12:54.540 full-time. Yeah, of course. People need all hands on deck during the summer. Lots of kids are being

00:13:00.620 employed by McDonald's and A&W and all that stuff. You get a lot of guys who then are going into their

00:13:05.480 security gigs because they usually don't have many during, like, you know, January and February when

00:13:10.340 nothing's going on and now they suddenly have jobs again that's what's happening but apparently

00:13:15.520 mark carney's some big guru here even though in all the other numbers that we've seen it's been

00:13:20.680 really bad with people defaulting on debts and not being able to pay mortgages and people going

00:13:25.260 to food banks but oh another thing we're supposed to give the carney liberals credit for is that

00:13:29.720 they sent out 500 checks to 33 12 million canadians those who are in the bottom 33 percent

00:13:36.640 of earners. That's not a good thing. But the liberals like programs where they get to show up

00:13:41.980 to effectively a metaphorical ribbon cutting for it. They want to say, I sent you a check or I

00:13:47.340 created that job because I subsidized that business. They don't want to just lower regulations

00:13:51.880 and lower taxes so people can create their own jobs or people can go get their own jobs from

00:13:57.020 private sector companies not being subsidized. They don't want you being able to afford groceries

00:14:01.500 if they don't get to say you know i paid for those kind of it's gross and the fact that we're

00:14:07.860 probably now going to have the media go into full spin mode about it like oh my goodness look a v

00:14:13.180 shaped recovery because mark carney invented summer happening and then when fall hits we lose

00:14:18.940 all these jobs they're going to be like flipping trump or they're just going to say oh it's seasonal

00:14:22.920 work we were always expecting this then why were we popping the the champagne back in may pretending

00:14:29.380 like this was unexpected again this should be 24 000 lower fifa wasn't in town because it's not

00:14:34.580 coming next year north america a lot of these other things are because of that and that would

00:14:40.580 if we took out the 24 000 we're at like over 40 000 jobs that we've still lost since the beginning

00:14:46.340 of the year anyways so with all that being said thank you guys for watching this video

00:14:53.220 hopefully you understand my of my frustration and why i needed to cover this because it's annoying

00:14:59.780 i find this all annoying when i see headlines where people are effectively lying with statistics

00:15:05.140 or telling the truth falsely there's we gained 88 000 jobs yes we did good why why did we gain

00:15:13.220 them and the financial post doesn't want to actually look into that anyway so with all

00:15:17.060 that being said like share subscribe consider hitting the join button and becoming a channel

00:15:22.100 member, and I'll see you guys all next time.

The National Telegraph - Wyatt Claypool - June 05, 2026

Carney's Liberals IGNORE recession and Spin FAKE Job Numbers as Success!

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