Clichés are often true and it is the case that a picture can be worth a thousand words.
Canada’s Labor Market Hopes on Hold In May, for the second month in a row, total employment in Canada retreated instead of stepping forward, putting a hold on hopes for an improving labor market. The latest month-to-month decline in total jobs was -68,000, coming on the heels of April’s setback of -207,000 jobs.
North America’s major stock market indices generally ended May in fine fashion, but there were some changes in month-to-month performances that perhaps hold important significance for future construction activity.
Big Grin Greets Big Pickup in Youth Employment In any pre-pandemic month, May’s U.S. total jobs count gain of +559,000 would have registered as outstanding. And I don’t want to belittle the achievement, especially since it soundly beats the previous month’s figure of +278,000.