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The Real Story Behind Canada’s Employment Numbers

On Friday, Statistics Canada reported that the Canadian economy created an impressive 61,000 new jobs in September. The result was sufficiently positive to trim the unemployment rate to a three-year low of 7.1 per cent.

For many, the news was seen as a sign that after two months of little employment growth, the Canadian economy was back on track despite fears that the economy was tipping back towards recession. Dig a little deeper into the numbers, however, and the headline may not be as positive as it first appears.

Read more: Huffington Post

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Posted by Staff at 7:16 am UTC, 05/24/2012
Posted by Dean Popplewell at 6:32 am UTC, 05/24/2012
Posted by Dean Popplewell at 9:37 am UTC, 05/23/2012
Forex Rates
Interest Rates

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May
24
Today’s Global
Market Events
8:30am

CAD
Corporate Profits q/q
9.0%
USD
Core Durable Goods Orders m/m
1.1% vs. -0.8%
USD
Unemployment Claims
372K vs. 370K
USD
Durable Goods Orders m/m
0.5% vs. -4.0%
9:00am

EUR
ECB President Draghi Speaks
EUR
Belgium NBB Business Climate
-10.6 vs. -10.7
10:30am

USD
FOMC Member Dudley Speaks
USD
Natural Gas Storage
77B vs. 61B
1:00pm

USD
FOMC Member Dudley Speaks
3:00pm

USD
Treasury Sec Geithner Speaks
7:30pm

JPY
Tokyo Core CPI y/y
-0.5% vs. -0.5%
JPY
National Core CPI y/y
0.1% vs. 0.2%