Job Growth Plays Catch Up in September
Economic News

Job Growth Plays Catch Up in September

Canada’s unemployment rate has fallen to 7.1 per cent. This all sounds great, but why does the outlook for job growth still feel sluggish and gloomy? If you look deeper into the numbers, the job creation comes after two months of basically no growth in the labour market. In fact the unemployment rate rose in August. So don’t believe the newspaper headlines that say “Employment surges in September.” They should be adjusted to read, “Employment plays catch up in September.” Continue reading »