Canada has seen near record high hiring in June since the recession. Canada like many other countries had lost thousands of jobs during the recession. The growth in June is largely coming from Central Canada (Ontario and Quebec). which has led to unemployment rates falling to 7.9% for the first time since early 2009, as per Statistics Canada.
The main gains came from the private sector in retail, health care, trade and building services in particular. Private sector is picking up the job loss and taking the stress away from the public sector which had spent $62 billion on the stimulus package during the recession to keep the Canadian economy going.
Canada’s job gains are much brighter than U.S.,still at 9.5% jobless rate and a sluggish housing and labour market.
Recently, Huffingtonpost.com had an article about Canada mentioning Canada’s job growth and well-regulated banking system with strong consumer protection. The article header was “NEED A JOB? TRY CANADA, WHERE HIRING IS BOOMING AND HOME PRICES ARE RISING“. With 62% of US citizens and/or residents ready to move to Canada, for a job as per the poll on the post.
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