In April Canada's unemployment rate fell to its lowest level since the financial crisis of 2008, according to Stats-Canada, which published its latest figures in May 5, but don't jump for joy folks: they also said wage growth ''expanded'' by 0.7%, the lowest in 20 years. Unemployment fell to 6.5%, its lowest level since October 2008, as fewer youth searched for work.
Michael Dolega, a senior economist with the TD bank, said, ''The figures were evidence that the job machine has cooled of late'', which is pure genius. His RBC counterpart, Nathan Janzen, said, ''The fly in the ointment continues to be weak wage growth''.
So there it is guys, any improvement is only minimal, so why not have a whacking great big improvement and get rid of the whole damn kit and caboodle?
Steve and John
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