Wednesday, April 13, 2011

The Canadian Job Recovery is Real

From Greater Fool
Real estate sales are down, mortgage rules tighter, gas is $1.40 a litre and the latest jobs numbers suck.
more here

And From Financial Insights:
This has been a constant criticism of mine with regards to the ‘rebound’ in employment from the recession lows. It has overwhelmingly been driven by growth in construction jobs, public sector jobs, and part time jobs…..not overly impressive.
The idea that the jobs recovery is somehow fake is something I have covered in previous posts (here and here ). While this recovery has had a disproportionate increase in construction, it has not made up anywhere near the majority of jobs. The other claim regarding public sector and part time jobs is false.

3 comments:

David Holoboff said...

What does this mean in the rate of growth year to year?

financialinsights said...

I'd love to see the source for those charts.

BearClaw said...

stats canada
March 2011 - July 2009 Labour Force Survey