Canada posts second month of big job gains, jobless rate dives

Locutus

Locutus

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Jun 18, 2007
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OTTAWA (Reuters) - Canada unexpectedly added 43,100 new jobs in October and the unemployment rate dropped to a near six-year low of 6.5 percent, prompting market optimism that the sluggish job market might finally be improving.

Analysts had expected a loss of 5,000 jobs after the outsized gain of 74,100 positions in September.

The jobless rate - down from 6.8 percent in September - was the lowest since the 6.4 percent recorded in November 2008, Statistics Canada said on Friday.

"This is the second strong release we've had in a row, and the details are quite strong as well, so I think that the shift in the labor market is very encouraging," said Camilla Sutton, chief currency strategist at Scotiabank.

"All in all it would suggest that the Canadian economic fundamental situation is a bit better than had been priced in."


more


https://ca.finance.yahoo.com/news/canada-adds-43-100-jobs-133940223.html
 
B00Mer

B00Mer

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Locutus said:
OTTAWA (Reuters) - Canada unexpectedly added 43,100 new jobs in October and the unemployment rate dropped to a near six-year low of 6.5 percent, prompting market optimism that the sluggish job market might finally be improving.

Analysts had expected a loss of 5,000 jobs after the outsized gain of 74,100 positions in September.

The jobless rate - down from 6.8 percent in September - was the lowest since the 6.4 percent recorded in November 2008, Statistics Canada said on Friday.

"This is the second strong release we've had in a row, and the details are quite strong as well, so I think that the shift in the labor market is very encouraging," said Camilla Sutton, chief currency strategist at Scotiabank.

"All in all it would suggest that the Canadian economic fundamental situation is a bit better than had been priced in."


more


https://ca.finance.yahoo.com/news/canada-adds-43-100-jobs-133940223.html
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I wonder how many immigrants Canada had to bring in to fill those jobs, because there are to many lazy Canadian that would rather live off Canadian taxpayers than get off their lazy arses and get a job!!

....but it's great to see Canada flourish under a Conservative "Harper" government.
 
mentalfloss

mentalfloss

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Jun 28, 2010
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Gotta love it when bad news hits, it's Ontario's fault and when good news comes, no one here makes a peep about them.

I wonder why?

Maybe it's because all the big gains that month came from Ontario and there was little to no change in Alberta or Saskatchewan.


Hrrmmmmph!
 
mentalfloss

mentalfloss

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Jun 28, 2010
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IdRatherBeSkiing said:
I am sorry, when Ontario goes in the toilet, you put all the blame on Harper. So naturally, the inverst must be true. Surprised you didn't post this news item yourself Flossy.
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Except that there is no evidence that Harper's policy is affecting the economy either way.

That's the point.

Well, except for some carefully placed stimulus.
 
mentalfloss

mentalfloss

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Jun 28, 2010
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How else can I contrast a failed policy with the reality.

Oil is a very unstable industry that will eventually die.

That much has already been shown.
 
Nuggler

Nuggler

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Feb 27, 2006
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petros said:
Tulip sales are through the roof.
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Rockets also.

IdRatherBeSkiing said:
I am sorry, when Ontario goes in the toilet, you put all the blame on Harper. So naturally, the inverst must be true. Surprised you didn't post this news item yourself Flossy.
Click to expand...


Jeez yah, and we're all trying so hard to be nice to ya.8O

mentalfloss said:
Thank you for highlighting my point.

Gotta love that oil sector taking a dive.
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In all fairness, gotta say that's not Harper's fault.
 
Walter

Walter

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Jan 28, 2007
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mentalfloss said:
Maybe it's because all the big gains that month came from Ontario and there was little to no change in Alberta or Saskatchewan.
Click to expand...
What were the gains in ON? It's hard for AB and SK because they are technically at full employment as it is. SK 3.2%, AB 4.5%
 
waldo

waldo

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Oct 19, 2009
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mentalfloss said:
Gotta love it when bad news hits, it's Ontario's fault and when good news comes, no one here makes a peep about them.

I wonder why?

Maybe it's because all the big gains that month came from Ontario and there was little to no change in Alberta or Saskatchewan.


Hrrmmmmph!
Click to expand...

of course! Falling dollar reflects upon Ontario manufacturing ramp-up and associated jobs increase; surely, they're not suggesting the falling dollar is due to Harper, are they?
 
CDNBear

CDNBear

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Sep 24, 2006
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The falling dollar was all Mr Wynne's doing. As told to us by Flossy.

Yay Ontario liberals!!!
 
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