Source: ForexYard
The data released by Statistics Canada this morning highlighted the first contraction in Canadian employment since March, underscoring the structural deficits emerging in many Western nations. A volatile shift towards safety is leading to rugged declines in manufacturing and industry worldwide which is beginning to drag heavily on employment numbers.
The focus on jobs in the United States was also brought sharply into view Thursday with President Obama’s jobs speech in Washington, D.C. The data surrounding employment has drawn a bleak picture for future growth is measures are not taken to address the weaknesses in basic core jobs across many countries.
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