Skip to comments.Canada Adds 52,000 jobs in September (with 1/10th of the United States population)
Posted on 10/05/2012 6:35:09 AM PDT by jerod
Canada's economy added 52,000 jobs in September, but the unemployment rate ticked higher to 7.4 per cent because more people were looking for work.
The gain was more than the roughly 10,000 new jobs that economists polled by Bloomberg were expecting.
U.S. surprise Canada's jobs data beat expectations, but was blown away by news from the U.S. also released Friday which showed that country's unemployment rate has ticked below 8 per cent for the first time in almost four years. Statistics Canada said Friday that full-time work made up most of the gains, with a net 44,100 new positions added.
An increase in 34,000 retail jobs and 29,000 new construction workers was more than enough to offset declines in other sectors. "The two big movers last month were the very sectors that had displayed pronounced weakness previously," BMO economist Doug Porter said after the release of the data.
(Excerpt) Read more at cbc.ca ...
Every month they put out fake numbers then have to unexpectedly revise them down. Any chance that these fake numbers will be revised?
I just got back from a couple weeks in NB and NS and I can tell you that there sure ain’t much going on there. Lots of folks who live there work in Alberta. Thousands I’m betting.
Alberta has Canada’s hottest economy right now, with just a 4% unemployment rate.
It should also be noted that Alberta is probably Canada’s most “free-market” economy (compare socialist Quebec).
Everywhere I went I talked to people who had family members working in Alberta. They seem to accept it and like it just fine - some of them anyway.