Friday, July 9, 2010

Canada's Job Rate Down

Good news on the jobs front.  Our unemployment rate fell from 8.1 to 7.9 percent.  Canada added 93,000 new jobs last month.
The Canadian jobs machine kept powering ahead in June, as the economy created 93,000 new positions and unexpectedly pushed the unemployment rate below 8 per cent for the first time since January of 2009.
 Meanwhile, our friends and neighbors to the south's job rate hovers around 9.5 percent.  
Total nonfarm payroll employment declined by 125,000 in June, and the unemployment rate edged down to 9.5 percent.
 Some are even suggesting job seekers come to Canada to look for work.
 A popular U.S. website has a unique suggestion for Americans desperately seeking work.
The advice? Move to Canada.
There's a fluttering Maple Leaf on the homepage today of the Huffington Post, a site popular for its news and celebrity blogs.
The accompanying headline says: Need A Job? Try Canada, Where Hiring Is Booming And Home Prices Are Rising.
It indeed is good news.  Let's hope it will only get better from here.


  1. Sadly, almost all the growth came from Ontario and is little more than a ghost as most of the jobs came from the G8/G20. Temporary.
    Crucial indicators, like progress in the manufacturing sector,remain grim.

  2. I wonder how many of those jobs were for the G8/G20 prep.


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