Far too many Canadians employed!!
- Thread starter Nuggler
- Start date
The biggest job gains took place in business, building and other support trades along with retail and wholesale trade.
Jobs disappeared in professional, scientific and technical services, as well as in manufacturing and agriculture.
That is supposed to be good news?
Jobs disappeared in professional, scientific and technical services, as well as in manufacturing and agriculture.
That is supposed to be good news?
Yes it is, especially for those involved in business, building and other support trades along with retail and wholesale trade. Why take such a pessimistic viewpoint?
I cannot open the article but from your words I assume it speaks of rising interest rates. The B of C has already announced that rates will definitely rise before July. I believe they have also stated that it won't be much before that month but anyone who needs to should be paying attention because it will affect mtg. rates. Mtgs. are now re-newable without penalty 6 months in advance (at least in most banks).
The article says that Canadian economy has lost 280,000 jobs since the employment peak of 2008. This compares very favorably with USA, which has lost more than 8 million jobs.
I think the worst is now over. Unemployment is the lagging indicator of economic performance, usually it is the last one to recover. It is showing signs of recovering, both here and in USA. By spring we should know if the recovery is finally on the way (unemployment should start to drop by then).
However, the recovery is still fragile. Once it is on a firm footing, then it will be time to raise interest rates and worry about the deficit.
I think the worst is now over. Unemployment is the lagging indicator of economic performance, usually it is the last one to recover. It is showing signs of recovering, both here and in USA. By spring we should know if the recovery is finally on the way (unemployment should start to drop by then).
However, the recovery is still fragile. Once it is on a firm footing, then it will be time to raise interest rates and worry about the deficit.