Saturday, July 10, 2010

Canada churns out 93,000 new jobs + unemployment rate dips below 8 pct


[mEDITate-OR:
not believe that Canada really is that much better than U.S.

Their economy created 93,000 jobs, while U.S. lost 125,00 = a quarter million difference.

"In less than a year Canada has made up nearly all the jobs lost during the recession."

"the economy, has managed to create 227,000 new jobs in just past three months, and has now all but replaced the jobs that were lost during the 2008-2009 recession."

As the 2nd chart shows U.S. too,
up to 09 they were worse off than U.S.
but after 09 they are much better off than U.S.

As the 3rd chart shows U.S. we started going down in Jan 06, they didn't until Oct 07, aboot  21 months later than U.S.
While both Canada's and U.S. had the steepest drop in Oct 08, they never went as deep as U.S., and while it  was in July 09 for U.S. to begin to recover, Canada began in Oct the 3rd Q of 09.
===========            Canada: month-to-month total job creation


-----------              Canada vs U.S. monthly unemployment rate (per cent)

----------               Change in total employment - Canada vs U.S.

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Canada churns out 93,000 new jobs
http://www.cbc.ca/canada/windsor/story/2010/07/09/canada-job-statistics.html
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Canada adds 93,200 jobs in June;
pressure grows for higher interest rates
http://ca.news.yahoo.com/s/capress/100709/business/jobs
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