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March Job Growth Spike in Canada and USA

on 18 April 2016
March Jobs Spike
40,000 New Job Creations in Canada

March saw a spike in job growth across US and Canada in many sectors.  40,000 new job creations in Canada and a dip to the unemployment rate of 7.1%.  The US added 215,000 jobs with a current jobless rate of 5%. 

Despite this growth, manufacturing suffered significant job loss across both countries.  29,000 lost in states and 32,000 in Canada.  These figures alone add to the probability of a slow and long economic recovery. 

Please don’t hesitate to call/txt your mortgage professionals, Jared or Tanner with any questions.  Have a super week and enjoy the sunshine!