Monday, May 13, 2019

Record Jobs In Canada Since 1976

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Canada saw a record jobs gain in April, with a net 106,500 jobs added on a seasonally-adjusted basis. Economists had forecast just 15,000. This is the largest gain since 1976, when Statistics Canada began collecting data. Wages also rose 2.5% on a one-year basis, the strongest increase Canada has seen for eight months. The positive jobs news comes amid an otherwise stagnant economy, with the Bank of Canada lowering the domestic growth forecast for 2019 just last month.

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