Friday, May 06, 2011

Canada's unemployment rate 7,6%!

More good Canadian economic news. The jobless rate has fallen to 7,6%! That should make the dippers happy:)

TORONTO, May 6 (Reuters) - Canada's dollar jumped to a
session high against the U.S. dollar on Friday, while bond
prices eased, after data showed Canada's employment picked up
steam in April.

The economy created far more jobs than expected and
recovered all the full-time positions lost in the recession,
setting the stage for solid second-quarter growth and interest
rate hikes later this year.
Net job creation totaled 58,300 in the month, Statistics
Canada said on Friday, exceeding the forecast in a Reuters poll
of a 22,500 gain.

Update: Note our American friends unemployment rate is up to 9%.

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