Canada Jobs Market Remains White Hot In January

[ThunderBlade + 231]

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.
 

[damirUSBiH + 327]

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.” 

[rainman + 263]

The Trudeau economy....

[pinto + 293]

Has anyone ever proposed The Maple Leaf Rag to be the national anthem of Canada?

[50 shades of black + 254]

Unexpected? Surprise? Not considering the 304k new jobs in the USA...

[ronwagn + 6,290]

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. 

[ronwagn + 6,290]

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