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Jobs Numbers Better Than Headlines Suggest

The latest monthly job numbers in Canada showed a 44,500 decline while the economic consensus was a 15,000 exepected decline. The National Bank Financial Economic & Strategy Group pointed out some figures that suggest some very good takeaways.

Half the job losses were in the food and accomodation area in Quebec. The decline was also among 15 – 24 year olds in the province as harsh weather conditions contributed signficantly to the decline.

Ontario on the other hand created 13,700 jobs, the best number since September 2008. The other very interesting number is that total hours worked in Canada increased for a third consecutive month by a robust 0.3% contradicting the job loss number.

These number suggest that Canada is on track to show 3% GDP growth for the quarterand National Bank expects the employment situation to improve in the next couple of months.

The moral of this post is that it is important to read more than the headline. Your thoughts and comments are always appreciated. Have a good weekend.


One Response

  1. i try many time to help other some time i try to help African poor kids other time i help old people and now i try to help my country .
    i try to help people to find a good job to make canada the best place in the world
    many stay at home and didn’t find a good job or they can’t find their career
    i think alot about that finally i find out what to do…..
    i create a new website not a website it is a forum it contain many jobs in canada that many can enter it and get a good job and it is free i hope you help me in that and send it to you friends to help them to
    finally we not leave alone in the world this is the link of it
    i need you to support that website

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