Friday, August 05, 2011

Unemployment rate in Canada dips to 7.2%

Canadian unemployment is now at 7.2% while the US rate is now 9.1%. Our economy is still doing a lot better than the US. I really hope the Americans can get their house in order. WE must aggressively pursue trade with other countries. Freed trade with India should be a great help. One day we should have free trade with all Commonwealth nations.

Canada’s Economy Adds 7,100 Workers in July as Jobless Rate Drops to 7.2%

By Theophilos Argitis - Aug 5, 2011 7:43 AM ET

Canada added jobs for the fourth straight monthly in July as gains in construction and transportation offset losses in government employment and education, while the unemployment rate fell to the lowest since 2008 on a shrinking labor force.
Employment rose by 7,100 on a seasonally adjusted basis, Statistics Canada said today in Ottawa, less than the 15,000 median estimate in a Bloomberg News survey of 27 economists. The jobless rate fell to 7.2 percent from 7.4 percent in June, while economists had forecast the jobless rate would be unchanged.

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