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Why is Canadian Job Growth Accelerating?
You go, Canada! The only thing better than seeing Canada’s junior men’s hockey team win gold for the 20th time last night is to follow it up with a ripping jobs report. Some details are provided in chart 1 and the table above. Clearly the gain blows the bands and is highly statistically significant given that the 95% confidence interval around what this survey pegs for job growth is about +/-57k. 100k more than consensus and a slightly smaller beat compared to my own guess can’t be dismissed as noise. table The trend is even more impressive. Canada now has 627k more jobs than it did before the pandemic struck ... (full story)