Canadian jobs gains crush forecasts as evidence of economic recovery builds

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
39,817
471
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That Liberal tax and spend plan is clearly a huge job killer.

I think I'm starting to understand why the conbots are curmudgeons now. When you're wrong this often it kinda makes sense.


Canadian jobs gains crush forecasts as evidence of economic recovery builds

The Canadian labour market surged in March, snapping a recent soft patch in employment in dramatic fashion, providing fresh evidence of Canada’s strengthening economy.

Statistics Canada’s monthly Labour Force Survey reported that total employment jumped 41,000 last month, more than reversing the two small declines in January and February. That brought the unemployment rate down to 7.1 per cent, after hitting a three-year high of 7.3 per cent in February.

Economists had anticipated a bounce-back in hiring from the sluggish figures of the first two months of the year, as economic indicators had generally shown that the economy was growing at a solid pace early in the year. But the gain was much bigger than the 10,000 jobs that economists, on average, had estimated.

Some of the key details within the report underlined the strength of the March numbers. Private-sector employment surged 65,000; full-time jobs were up 35,000. And in Alberta, where labour market has been severely battered over the past year by the dramatic slump in oil prices, employment surged 19,000 in March, and the unemployment rate tumbled to 7.1 per cent from February’s 20-year high of 7.9 per cent.

“GDP is roaring, and the labour market seems to be joining the party,” Canadian Imperial Bank of Commerce economist Nick Exarhos said in a research note. “Chalk this up as another positive data point in a Canadian outlook that looks much brighter than it did a few months ago.”

Canadian jobs gains crush forecasts as evidence of economic recovery builds - The Globe and Mail
 

pgs

Hall of Fame Member
Nov 29, 2008
28,657
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Great , does that mean your finally moving out of moms basement ?
I sure hope your new landlord provides free internet .
 

Johnnny

Frontiersman
Jun 8, 2007
9,388
124
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Third rock from the Sun
From a Northern Ontario prospective these were mostly all minimum wage jobs..... Layoffs are continuing to happen and the government has to use an excuse other than. "Hey man the Ring of Fire can learn from the past such as the Dryden Pulp industry", which was 50+ years ago, which took 50 years to get established. Instead of making excuses about how burdensome the process is to get things done, why not make the process more efficient to handle the volume.


Comparing Mining to Timber is just silly


There is still time during the downturn to improve the process!!!!!! Proactivity
 
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Ron in Regina

"Voice of the West" Party
Apr 9, 2008
29,946
11,134
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Regina, Saskatchewan
Isn't March about the time that the labor market
'surges' annually due to seasonal employment? Who
can legitimately take political credit for the weather &
growing seasons in Canada?
 

JLM

Hall of Fame Member
Nov 27, 2008
75,301
548
113
Vernon, B.C.
Isn't March about the time that the labor market
'surges' annually due to seasonal employment? Who
can legitimately take political credit for the weather &
growing seasons in Canada?


I see reason for optimism, but I'd want to wait one more month at least before wagering my first born! :)
 

taxslave

Hall of Fame Member
Nov 25, 2008
36,362
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Vancouver Island
That Liberal tax and spend plan is clearly a huge job killer.

I think I'm starting to understand why the conbots are curmudgeons now. When you're wrong this often it kinda makes sense.


Canadian jobs gains crush forecasts as evidence of economic recovery builds

The Canadian labour market surged in March, snapping a recent soft patch in employment in dramatic fashion, providing fresh evidence of Canada’s strengthening economy.

Statistics Canada’s monthly Labour Force Survey reported that total employment jumped 41,000 last month, more than reversing the two small declines in January and February. That brought the unemployment rate down to 7.1 per cent, after hitting a three-year high of 7.3 per cent in February.

Economists had anticipated a bounce-back in hiring from the sluggish figures of the first two months of the year, as economic indicators had generally shown that the economy was growing at a solid pace early in the year. But the gain was much bigger than the 10,000 jobs that economists, on average, had estimated.

Some of the key details within the report underlined the strength of the March numbers. Private-sector employment surged 65,000; full-time jobs were up 35,000. And in Alberta, where labour market has been severely battered over the past year by the dramatic slump in oil prices, employment surged 19,000 in March, and the unemployment rate tumbled to 7.1 per cent from February’s 20-year high of 7.9 per cent.

“GDP is roaring, and the labour market seems to be joining the party,” Canadian Imperial Bank of Commerce economist Nick Exarhos said in a research note. “Chalk this up as another positive data point in a Canadian outlook that looks much brighter than it did a few months ago.”

Canadian jobs gains crush forecasts as evidence of economic recovery builds - The Globe and Mail

And this is despite trudOWE's best efforts to kill the economy outside of Ontario and Quebec. Can you imagine how much better it would be without the moron around? Well maybe you can't but thinking people can.
 

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
39,817
471
83
Yes I can already see the wonderful healing powers of the technical recession and being constantly reminded that ISIS is my neighbour.
 

MHz

Time Out
Mar 16, 2007
41,030
43
48
Red Deer AB
Do any of the jobs come from the influx of refugees??

. . . ISIS is my neighbour.
Only if you let them into your mind. In a time of global communication you can hear about things in other places that could be manipulated. Guess who are going to be the shop keepers and who are going to be the customers once all the refugees. The ones that are the first to return to a devastated landscape or the ones that try to leave the area for good only to find out the persecution and racism is worse than it was 'at home'.
 

Angstrom

Hall of Fame Member
May 8, 2011
10,659
0
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Isn't March about the time that the labor market
'surges' annually due to seasonal employment? Who
can legitimately take political credit for the weather &
growing seasons in Canada?

People that are about as smart as a two by four, I guess
 

JamesBondo

House Member
Mar 3, 2012
4,158
37
48
That Liberal tax and spend plan is clearly a huge job killer.

I think I'm starting to understand why the conbots are curmudgeons now. When you're wrong this often it kinda makes sense.


Canadian jobs gains crush forecasts as evidence of economic recovery builds

The Canadian labour market surged in March, snapping a recent soft patch in employment in dramatic fashion, providing fresh evidence of Canada’s strengthening economy.

Statistics Canada’s monthly Labour Force Survey reported that total employment jumped 41,000 last month, more than reversing the two small declines in January and February. That brought the unemployment rate down to 7.1 per cent, after hitting a three-year high of 7.3 per cent in February.

Economists had anticipated a bounce-back in hiring from the sluggish figures of the first two months of the year, as economic indicators had generally shown that the economy was growing at a solid pace early in the year. But the gain was much bigger than the 10,000 jobs that economists, on average, had estimated.

Some of the key details within the report underlined the strength of the March numbers. Private-sector employment surged 65,000; full-time jobs were up 35,000. And in Alberta, where labour market has been severely battered over the past year by the dramatic slump in oil prices, employment surged 19,000 in March, and the unemployment rate tumbled to 7.1 per cent from February’s 20-year high of 7.9 per cent.

“GDP is roaring, and the labour market seems to be joining the party,” Canadian Imperial Bank of Commerce economist Nick Exarhos said in a research note. “Chalk this up as another positive data point in a Canadian outlook that looks much brighter than it did a few months ago.”

Canadian jobs gains crush forecasts as evidence of economic recovery builds - The Globe and Mail

It is not that simple. I recommend that you do not spend another moment on this.
 

Locutus

Adorable Deplorable
Jun 18, 2007
32,230
47
48
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yeah yeah...

[...] "the March employment number is considered accurate plus-or-minus 29,800, two-thirds of the time – and as a result, the data are prone to month-to-month volatility. So while economists said the booming March jobs numbers underlined the recent indications of a stronger economy, they were hesitant to give the surprisingly strong result an unqualified stamp of approval.

“Still, we do not believe that the economy has suddenly transitioned to above-potential growth in a sustainable manner.”

The one glaring sore spot in the March report was a loss of 32,000 jobs in the manufacturing sector".



carry-on macfluff.
 

IdRatherBeSkiing

Satelitte Radio Addict
May 28, 2007
15,306
2,917
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Toronto, ON
Isn't March about the time that the labor market
'surges' annually due to seasonal employment? Who
can legitimately take political credit for the weather &
growing seasons in Canada?

I think last March, Flossy was making the same argument.

Oil is also rebounding while our dollar remains low. Neither of which is caused by current or past government. But good for some parts of the economy.
 

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
39,817
471
83
Apparently sunny ways is good for the economy :lol:


Startling Canadian GDP numbers could signal economic turning point:

A Financial Times editorial described Canada as a glimmer of light in a world of "sluggish economies" because of its willingness to use fiscal spending to help boost global growth. But these latest figures may indicate Canada is providing something even more valuable: leadership in actual growth, not just growth created by artificial stimulus.

If you accept the "animal spirits" analysis offered by Poloz at the end of last year, optimism is more than just a good feeling. It has real economic consequences, especially after an extended period of gloom.

Such a burst of real growth could have another advantage for the current government's plans. It would reduce the worry of a debt overhang caused by the Liberals' deficit spending spree. Real economic growth creates new revenue, simultaneously cutting the debt ratio by expanding the bottom half of the ratio's fraction.

Startling Canadian GDP numbers could signal economic turning point: Don Pittis - Business - CBC News