There was a massive surprise in the latest Canadian employment report with the economy adding about 290,000 jobs last month. While welcoming the dramatic surprise, Frances Donald, chief economist at Manulife Investment Management, says we shouldn’t feel too comfortable because it remains a very painful labour market. She wonders how many jobs are possibly being propped up by aid and essentially on “palliative care”. Here is a direct video link.
For a review of the US jobs report today see this direct audio link of Danielle DiMartino Booth, CEO and Chief Strategist at Quill Intelligence LLC, on Bloomberg this morning.
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