The Williams Effect, 2009 (II)

According to the latest Statistics Canada figures, employment in Newfoundland and Labrador in October 2009 stood at 213,000 persons – a decline of 4.9% since the recent highs of 224,000 record in early 2008.

The only other provinces which come close in terms of relative decline in the numbers of persons employed during the current recession are Alberta (-3.3% off its recent high), Ontario (-3.2%), and British Columbia (-2.8%). Employment in PEI and NB has been fairly stable, while Saskatchewan has actually seen an absolute increase in employment even in the teeth of the recession.

Again in keeping with the theory of the Williams Effect, the poor employment performance of the Newfoundland and Labrador economy — perhaps the New York audience will be subjected to the story about the “boom” — must be attributed to Danny Williams-Government.

Right?