OTTAWA (Reuters) - Canada's economy churned out a spectacular 95,000 jobs in May, the second-biggest gain in 37 years, according to an official report that raised hopes the economy is gaining momentum, but was also taken with a grain of salt.
The gain would be the equivalent of the far larger U.S. economy creating nearly 900,000 jobs in one month, well above the 175,000 workers hired there last month.
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Canada's May jobs blowout sparks hopes, caution | Canada | Reuters
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Three-Month Average of Job Creation Plummets
The American economy has created 78,000 fewer jobs per month over the last three months as compared to the previous three months. Between December of 2012 and February of 2013, 699,000 jobs were created, for an average of 233,000. Between March and May of 2013, however, the economy created only 466,000 jobs, for an average of 155,000 jobs.
Three-Month Average of Job Creation Plummets
The gain would be the equivalent of the far larger U.S. economy creating nearly 900,000 jobs in one month, well above the 175,000 workers hired there last month.
more
Canada's May jobs blowout sparks hopes, caution | Canada | Reuters
related
Three-Month Average of Job Creation Plummets
The American economy has created 78,000 fewer jobs per month over the last three months as compared to the previous three months. Between December of 2012 and February of 2013, 699,000 jobs were created, for an average of 233,000. Between March and May of 2013, however, the economy created only 466,000 jobs, for an average of 155,000 jobs.
Three-Month Average of Job Creation Plummets