Thursday, December 13, 2012

Canada and specifically Ontario job numbers are impressive

TD Bank States

The Canadian economy added 59,000 jobs in November, following a lackluster performance in October. The unemployment rate fell to 7.2%, a drop of 0.2 percentage points, to the lowest level seen since June.

Regionally, employment growth was strongest in Ontario with 32,000 jobs added.

Overall, we expect employment to be fairly steady next year, increasing by an average of about 15,000 jobs per month, with the unemployment rate holding fairly steady.

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