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Market estimates predict U.S. non-farm payrolls to slide by about 60,000, which would keep the unemployment rate steady at 9.5 per cent, according to CIBC World Markets. The data is slated to be released Friday.
"People don't care if governments are creating jobs," he said in an interview.
The U.S. really does "need to see those private job numbers going, because the more confidence you have, the more hiring you have, the more earnings individuals are getting and it just falls into place," he added.
In Canada, the jobs market is nowhere near as dire, with jobs rising to levels that near the employment peak before the recession. The climb has been losing steam, though, and will likely show further signs of slowing down in July.
15,000 new jobs will be added, which would keep the unemployment rate steady at 7.9 per cent.
Originally posted by Agent_USA_Supporter
In Canada, the jobs market is nowhere near as dire, with jobs rising to levels that near the employment peak before the recession. The climb has been losing steam, though, and will likely show further signs of slowing down in July.
[...]
So once again we are lied about the real job rate of the job market, they are only showing the private job numbers rate, not the real rate of the job market in north america.
So anyone here have any thoughts.