|
Yavno ikonomikata na Canada se izpravia solidno na kraka dosta predi taia na US.
Rekorden ryst na novi jobs za January i sega otnovo March- nai golemiat ryst za 1 mesez ot 1976 (26 godini) nasam!!!
Po vsichko lichi dobri novini za novopristigashtite v Canada imigranti:)))
I se ochakva da stanat oshte po dobri.
Taka che sled okolo godina razocharovashti novini mai veche e vreme za po vechko usmivki i optimizym za novopristigashtite:)))
Source: Apr. 6, 2002
88,000 new jobs created in March
Canada's biggest job market leap since 1976 stuns forecasters
Steven Theobald
business reporter
Gum maker Wrigley Canada finds itself in a rather sticky situation.
The Chicago-based parent company chose its Canadian unit to make a new
product destined exclusively for the United States.
But Canada's booming job market has Wrigley hoping it hasn't bitten off more
than it can chew. The gum, Orbit, is now so successful the company needs to
add 100 people to its Don Mills factory.
Wrigley hired 22 people last month but it's desperately trying to fill
another 76 positions, mostly skilled and semi-skilled workers for plant
operations.
"We are very much searching high and low, all over the world actually, for
folks right now," said Dave McGregor, vice-president of human resources, in
an interview yesterday.
"These are well-paying jobs."
Statistics Canada shed some light on McGregor's dilemma.
In March, the Canadian economy added a stunning 88,000 jobs, StatsCan
reported yesterday. That's the largest jump since January, 1976, when the
statistical agency changed the way it collects employment data.
The March number surpassed the equally astounding 75,900 jobs created in
January.
In total, 170,000 net new positions were created in the first three months
of the year, the biggest quarterly increase since 1987.
The 88,000 new jobs in March - 40,000 full-time and 48,000 part-time -
stunned forecasters. They had expected a modest gain of 10,000.
"To give an idea just how dramatic that number was, U.S. financial markets
moved on it. That is something you never, ever see," said Doug Porter,
senior economist with BMO Nesbitt Burns.
"It was on people's screens across the world."
The report garnered so much attention because it was released 90 minutes
before the U.S. employment numbers for March.
Traders in Toronto were getting calls from American colleagues asking if the
blockbuster Canadian jobs numbers meant the U.S. report would also come in
huge, Porter said.
"That was the reaction everywhere."
Turned out the U.S. employment numbers were weaker than expected. A gain of
58,000 positions wasn't enough to keep the U.S. unemployment rate from
rising to 5.7 per cent in March, from 5.5 per cent the previous month.
Canada's unemployment rate edged down to 7.7 per cent, from 7.9 per cent in
February.
The fall in the jobless rate was tempered by a 68,000 increase in the number
of people seeking work. If the labour force participation rate, now at an
11-year high, had remained unchanged, Canada's unemployment rate would have
sunk to 7.3 per cent.
Economists, still dizzy from the massive job creation figures in January,
ran out of unused superlatives to describe the March report.
"It's wild," said Marc LИvesque, senior economist at the Toronto-Dominion
Bank. "Indeed, people are at a loss for words."
Strength was virtually across the board, with all major provinces and
industries posting employment gains.
The news was particularly good for manufacturing, which saw employment and
output plunge last year. That sector added 13,400 jobs in March, taking the
total for the first quarter to 99,400, erasing any lingering doubts of a
rebound.
Quebec led all provinces with 32,400 jobs, followed by Ontario with 17,400.
TD's LИvesque says two main factors can take credit for Canada's incredible
recovery from last year's slump.
First, the impact from the Sept. 11 terrorist attacks never really
materialized in Canada beyond the month.
"Canada came out of that smelling like a rose," LИvesque said.
Second, the Bank of Canada and the U.S. Federal Reserve aggressively slashed
their trend-setting interest rates, keeping consumer confidence, and the
economy, afloat.
Interest-rate-sensitive items such as housing and vehicles set and continue
to set sales records.
The bad news is that those low borrowing costs are going up sooner rather
than later.
Yesterday's job report will prompt the Bank of Canada to start cranking up
its trend-setting interest rates starting next month, said Ted Carmichael,
chief economist at J.P. Morgan Securities Canada Inc.
Last year, the bank cut its overnight rate by 3.75 percentage points,
including 2 percentage points following Sept. 11, to spur the
then-sputtering economy.
Economists initially thought Canada's central bank would wait until the end
of the year before it started raising rates.
"The way it turned out the fourth quarter was stronger than expected and the
first quarter is coming in like gangbusters," Carmichael said.
"That has pulled the whole schedule forward."
Carmichael believes the bank will raise rates by 1.5 percentage points by
year's end, in slow but steady quarter-point increments.
The stream of good economic news, underscored by yesterday's job report,
will hopefully prompt businesses to start investing again, the missing
ingredient to a sustained rebound, said Jay Myers, chief economist at
Canadian Manufacturers & Exporters.
"If these indicators continue, we can move up the recovery in capital
spending from early next year to the fourth quarter of this year or perhaps
late into the third."
Редактирано от access на 08.04.02 22:43.
|
Great employment/economic news from Canada!!
