Canada’s economy posted its second-straight surprise job gain, making the labour market a lone bright spot for an economy in the middle of a sharp slowdown.
The much-stronger-than-expected labour market is the only thing giving policy makers comfort amid a run of bleak data in recent months. It’s a key reason why the Bank of Canada is sticking to its belief the economy will rebound and interest rates will likely head higher. Last week, Canada’s statistics agency reported the nation’s economy grew by just 0.1 per cent in the final three months of 2018. Most economists expect the sluggishness to persist in the first six months of this year, before growth picks up steam later in 2019.The jobs increase largely reflects higher labor force numbers, rather than falling unemployment, due to rising participation rates and accelerating population growth over the past couple of years.
Well that’s easy. Millennials don’t wanna work.
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Whatever one thinks of VanSun, they're pretty consistent: they never, ever mention whether new jobs provide a living wage.
Uh oh! This doesnt feed into the conservatives narrative! They dont have much time to come up with a new boogie man. Quick....uhhhh...taxes, we will reduce taxes! (Like we did in BC by hiding them in car insurance (ICBC) and care card payments).
What is this is a joke!
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Source: nationalpost - 🏆 10. / 80 Read more »