ThunderBlade + 231 TB February 8, 2019 Canada’s labour market surprised on the upside again in January, with the economy creating far more jobs than expected at the start of the year despite uncertainty about the direction of oil prices and concerns over slowing global growth. The country added 67,000 jobs last month, according to Statistics Canada. That’s up from the 9,300 gain recorded in December and blasted past economists’ forecast for a 5,000 rise. Wage growth, which is closely watched by the Bank of Canada, remained robust at 1.8 per cent — accelerating from the 1.5 per cent pace notched in December and faster than the 1.6 per cent the market had expected. However, the unemployment rate ticked up from 5.6 per cent to 5.8 per cent as more people — particularly women and youths — sought work, in a sign of how strength in the economy is pulling in new entrants into the labour market. 2 Quote Share this post Link to post Share on other sites
damirUSBiH + 327 DD February 8, 2019 Boom of the private sector.... “The number of people employed by the private sector jumped by 111,500, the biggest one-month gain on record in data going back to 1976.” 1 Quote Share this post Link to post Share on other sites
rainman + 263 February 8, 2019 The Trudeau economy.... Quote Share this post Link to post Share on other sites
pinto + 293 PZ February 8, 2019 Has anyone ever proposed The Maple Leaf Rag to be the national anthem of Canada? Quote Share this post Link to post Share on other sites
50 shades of black + 254 February 8, 2019 Unexpected? Surprise? Not considering the 304k new jobs in the USA... Quote Share this post Link to post Share on other sites
ronwagn + 6,290 February 9, 2019 11 hours ago, damirUSBiH said: Boom of the private sector.... “The number of people employed by the private sector jumped by 111,500, the biggest one-month gain on record in data going back to 1976.” Big population growth needs to be factored in though. Quote Share this post Link to post Share on other sites
ronwagn + 6,290 February 9, 2019 Here is a good article that seems balanced https://business.financialpost.com/news/economy/things-could-go-terribly-wrong-for-canadas-economy-in-2019-but-theres-reason-for-hope Quote Share this post Link to post Share on other sites
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