Canada's most recent job growth numbers are staggering for many reasons, not the least of which is everyone waiting with baited breath...will there be a contraction this year? Recession fears? Looking at the numbers; again it is not equal across all provinces. Ontario and Quebec continue to grow, seasonal hiring is starting and youth employment shows signs of long needed improvement. The concerns continue - what does this mean with a 7,200 loss in March, to a 107,000 increase in April? How did youth employment grow so rapidly? Summer employment numbers tend to dip, so the expectations are that this is a one time boost, but who knows given the original April expectation was 12,000 jobs? Let's see how June, July and the rest of the summer work out.
‘Did you really believe that the Canadian labour market is so volatile that we could have a [7,200] decline in the labour force in one month, followed by a 100,000-increase in the next month? Is our labour market more volatile than the stock market is? It’s hard to believe,’ Rosenberg said in an interview with BNN Bloomberg Friday.