Employment in Canada Surges - 69,200 Jobs Created in January

http://www.bloomberg.com/news/2011-...ary-while-jobless-rate-increased-to-7-8-.html

"Employment rose by 69,200 and the labor force increased by 106,400, Statistics Canada said today in Ottawa. The jobless rate rose to 7.8 percent from December’s 7.6 percent."

"Economists forecast 7.6 percent unemployment and job growth of 15,000."

"There isn’t a lot of slack in the labor market in Canada, certainly on a relative basis to other countries."

"Full-time employment rose by 31,100 in January, and part- time jobs rose by 38,000."

"Private companies boosted their payrolls by 22,700 during the month and public-sector employment increased by 26,400."

"Statistics Canada said in its Jan. 28 revisions that employment fell 2.5 percent, or 427,900, between October 2008 and July 2009, and increased by 398,000 jobs between July 2009 and December 2010."

"Average hourly wages advanced 2.6 percent in January from a year earlier, the fastest pace since May, following a gain of 2.4 percent in December."

 

I dont know about you, but why is this news of any importance? Are you suggesting that the 20 million+ unemployed move to canada and hope for a new job soon, this news is pretty much useless to the people who live in US.

 

You know you can trade Canadian markets or USD/CAD.

What he's suggesting is the country that shares your northern border doesn't bail everyone out (GM excluded) and print money like drunken morons. Maybe a look north of the border may hold some answers.

 

You, the king of cut and paste, are commenting on the importance of a thread? I'm not suprised that you can't see any money making opportunities in a strengthening Canadian economy. How are your short positions that date back to 2009 holding up? Keep your perma-bearish views to yourself, your stubbornness has caused you to be on the wrong side of everything for years.

As Red mentioned, this report has major implications for TSX participants as well as USD/CAD. There is a world outside of the USA, you know. Perhaps your high school graduation trip should be somewhere overseas.

 

Noticed the following Job Alert myself this morning.

 

Yeah, that's a long term solution.

 

Coffee, doughnuts, beer and hockey...what's not to like, eh?

<iframe title="YouTube video player" width="480" height="390" src="http://www.youtube.com/embed/5FEW5mh7iAI" frameborder="0" allowfullscreen></iframe>

But in all seriousness they are doing well in this commodity hungry world. It's the US and the UK that are the boat anchors dragging the Anglosphere down these days.

 

He is saying , its a notch up towards world recovery and growth.