Is The Improving Canadian Job Market Sustainable?
Macro Watch: Unemployment rates have declined for three consecutive months to 7.0% in January 2013, which compares to 7.5% during January 2012. The decline in unemployment rates has been largely attributable to the addition of 227.2 thousand new permanent jobs in the economy; this compares to the addition of 56.6 thousand new temporary jobs from January 2012 to January 2013. Over the same period, the number of people who worked for at least one month increased by 312.1 thousand persons to 17.31 million employees with 80.15% of these workers employed in full-time jobs as of January 2013. The decline in the unemployment rate, along with stable growth in overall job tenure (17.31 million in January 2013 compared to 17.00 million during the previous year) suggests huge optimism in the Canadian economy, despite pessimistic signs projected by the global economy. Discuss this post and many other topics in our LinkedIn Group (you must be a LinkedIn member to participate). Request a Free Trial Subscription. By Catherine Joy Rumbines in Philippines - CEIC Analyst Back to Blog