The Bankwatch

Tracking the consumer evolution of financial services

Two telling announcements on jobs creation from US & Canada

These announcements on the same day are telling.  (Note:  US population = 307 million/  Canada population – 34 million)

US economy adds 103,000 jobs –

The Canadian economy   churned out 60,900 jobs last month  (Globe & Mail / Stats Can)

Put another way, if the US was creating jobs in this month at the Canadian pace their number would be 550,000.

Written by Colin Henderson

October 7, 2011 at 13:05

Posted in Uncategorized

5 Responses

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  1. Are you comparing seasonally-adjusted apples to non-seasonally-adjusted oranges? The GLOBE & MAIL article states, ‘Much of the gains came from a seasonal bounce in educational services.’


    October 7, 2011 at 14:07

  2. Quite possible that I am .. did not dig that much deeply. We also know that both (all) governments will use adjusting mechanisms to some extent as well as subsequent revisions after the fact. Directionally through all the murk the main point remains that America is treading water at best. They are one of the most aggressive at providing a positive view of unemployment stats probably which further makes the point.

    Colin Henderson

    October 7, 2011 at 17:45

  3. Perhaps we should be spending our time looking for undiscovered fossil fuel resources. Where would Canada’s job market be without the tar sands and oil shale bonanza? North Dakota is also doing well thanks to the Bakken oil shale formation. Comparing two different economies at the same point of time tells us very little about the effectiveness of government policy in spurring employment.


    October 7, 2011 at 18:54

  4. […] Two telling announcements on jobs creation from US & Canada ( […]

  5. i need a jod plz rply me soon plz……………………


    November 15, 2011 at 07:51

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