Payrolls up 243k, better than expected,
however the output gap continues to widen,
as we continue continue to go the way of Japan.
Labor force participation rate, 1978-now:
Employment report
Daily Archives: February 3, 2012 @ 11:29 am (Friday)
Canada Employment
But their banking system is sound.
Like talking about how good the person looked at his funeral?
Karim writes:
Another downbeat number with the unemployment rate rising to an 8mth high of 7.6% (from 7.5%).
Total employment up 2.3k, with full-time jobs -3.6k after -21.7k the prior month.
In the past 5mths the unemployment rate in Canada has risen by 0.4% while the U.S. has fallen 0.6% (subject to today’s #)-a large move in a short time.
Chart below shows the recent divergence in Conference Board confidence surveys for Canada (blue) and U.S. (red).
