Take Stock – October 28

The number of people receiving regular Employment Insurance benefits in August fell 2.4 per cent, or 19,100, from July, the second straight monthly decline.

EI recipients drop in August: Statscan

The number of people receiving regular Employment Insurance benefits in August fell 2.4 per cent, or 19,100, from July, the second straight monthly decline. Statistics Canada reports the number fell in nearly all provinces, with the most notable percentage declines in Newfoundland and Labrador, Ontario, Saskatchewan and Manitoba. There were 763,200 beneficiaries in August, up 52.5 per cent from the recession’s start in October 2008. The number of initial and renewal claims received in August increased 8.2 per cent, or 22,500, to 298,300, following two months of declines.

The number of beneficiaries fell 8.7 per cent, or 4,100, in Newfoundland and Labrador to 43,600, the province’s first drop since the start of the labour market downturn.


Former Canwest employees protest outside court

Former employees of Canwest Global Communications are demonstrating outside a downtown Toronto courthouse where lawyers are discussing their severance pay. About 100 former Canwest staff and union members are outside the court with signs calling for their severance payments to be resumed. It’s the first time that the court has talked in detail about the money owed to Canwest staff who were laid off from the media conglomerate, which filed for creditor protection in some of its divisions earlier this month. Their severance payments were essentially locked up when Canwest filed for creditor protection, and former workers will have to line up with all others who are owed money by Canwest to make a claim. A lawyer proposing to represent former Canwest staff who were members of the Communications, Energy and Paperworkers union asked the judge to grant funding to help the union pay for lawyers.

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