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05 Apr 08
reportonbusiness.com: Canada continues to create jobs
“Canadian employment is still holding up well, with no obvious signs of stress outside of the beleaguered manufacturing sector,” said deputy chief economist Doug Porter in a note to clients. “The bounce in the unemployment rate is as much a reflection of the tidal wave of people pouring into the work force as a sign of weakness in the job market,” he noted. “After all, employment is still up 1.9 per centfrom a year ago, which would normally be seen as a solid increase.”
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“Canadian employment is still holding up well, with no obvious signs of stress outside of the beleaguered manufacturing sector,” said deputy chief economist Doug Porter in a note to clients. “The bounce in the unemployment rate is as much a reflection of the tidal wave of people pouring into the work force as a sign of weakness in the job market,” he noted. “After all, employment is still up 1.9 per centfrom a year ago, which would normally be seen as a solid increase.”
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