Canada Jobless Rate Hits 3-Year High to 7.3 Percent
Montreal — Canada’s unemployment rate posted a surprise increase last month as the nation continues to struggle with the impact of lower oil prices. The unemployment rate climbed to 7.3 percent in February, the highest since March 2013, following a 7.2 percent rate a month earlier and up from as low 6.6 percent last year, Statistics Canada said Friday from Ottawa. Employers eliminated a net 2,300 jobs, including more than 50,000...
The Economy: Both Weakness And Strength
Washington — The U.S. job market no longer looks quite so robust. Employers added a meager 142,000 jobs in September, the government said Friday. And the average job gain for each of the past three months — 167,000 — is well below the 231,000 average for the previous three. All of which renews doubts about a job market in which steady hiring and the consumer spending it drives were expected to fuel continued healthy economic growth....
Employment Boom Boosts Home Sales
The resurgence of job growth in the United States is helping to power a rebound in the housing market, turning what was the hardest-hit industry during the recession into a highlight of the recovery. Home sales are at their highest level since 2006, according to industry data, and housing prices across major metro areas have increased 30 percent since bottoming out three years ago. Government numbers show that new residential...
Most Paychecks Have Yet to Feel The Recovery
The winter of our jobs discontent is over, and the recovery is back to chugging along like it was before. That’s the good and bad news. Before we get to it, though, let’s rewind a little bit. At the end of last year, it looked like the recovery was finally starting to hit a higher gear when it added an average of 324,000 jobs a month. But just as this had begun, it was over. The stronger dollar made our exports less competitive, and...
