Recent Posts

Friday, January 10, 2014

Canadian Labour Force Survey: Yicch

I am too tied up to write something longer on it now, but the Canadian Labour Force Survey for December was a disaster. Loss of 46k jobs, Unemployment Rate up 0.3% to 7.2% (link).

These data are noisy, so I would not read too much into the results for one month. But is is clear that the Unemployment Rate is hitting a wall at 7% (unlike the U.S.), and this will keep the Bank of Canada on the sidelines for some time. The Canadian dollar is finally weakening, so it appears that "financial conditions" are loosening via the currency.

No comments:

Post a Comment

Note: Posts may be moderated, and there may be a considerable delay before they appear.

Although I welcome people who disagree with me, please be civil.

Please note that my spam comment filter appears to dislike long "anonymous" posts. I get no warning about this, and only go through my "spambox" infrequently. The best bet it to keep comments short, and if you think the spam filter struck, let me know with a short comment.