Forex Blog

October 12, 2011

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

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Powered by Efacilitators Hosting