On one side a government is blamed for poor economic growth, often without it being responsible. On the other side it gains the benefit when the economy is growing; last month Canada create more than 100,000 new jobs -- youth unemployment is at its lowest in years!
See here for more.
Bottom line 100,000 new jobs in Canada is like the US adding 900,000 jobs in a month -- its a lot! Actually, its the largest number of new jobs, in one month, ever recorded since records began in the 1950 (yep only 70 years). Again, showing how little central banks know (sorry Monique) these numbers came out just two weeks after the Bank of Canada got all "negative" on Canada's economic growth.
Granted I've not looked at the type of jobs being created...still a few of these 100,000 jobs must be good! After all the bad news suffered by the Trudeau administration, a large percentage which seems to be self-inflicted, the strong growth in the job market will play well for the government in an election year. It will be interesting to see how the Conservatives spin that one!
Have a good weekend
See here for more.
Bottom line 100,000 new jobs in Canada is like the US adding 900,000 jobs in a month -- its a lot! Actually, its the largest number of new jobs, in one month, ever recorded since records began in the 1950 (yep only 70 years). Again, showing how little central banks know (sorry Monique) these numbers came out just two weeks after the Bank of Canada got all "negative" on Canada's economic growth.
Granted I've not looked at the type of jobs being created...still a few of these 100,000 jobs must be good! After all the bad news suffered by the Trudeau administration, a large percentage which seems to be self-inflicted, the strong growth in the job market will play well for the government in an election year. It will be interesting to see how the Conservatives spin that one!
Have a good weekend
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