Episode 53: Part-Time Up, Full-Time Down: Canada's Labour Market Shuffle

Part-Time Up, Full-Time Down: Canada's Labour Market Shuffle

Don’t be fooled… Pay attention to the details…The UNEMPLOYMENT Rate went down for the month of January, and Actual Employment numbers is UP… This may suggest Strong Economy and inflationary… 

While job report might initially appear positive, a deeper analysis reveals underlying weaknesses. The Bank of Canada is likely to maintain its current course… Remember for our Real Estate and Mortgage Industries, even though their are increases in Part Time Employment, the FULL TIME Employment number decrease is the number that matters to most of the Homebuyers…

Raymond Daez

Mortgage Broker/Team Lead

416 705 3239

Mortgage Alliance Lic# 10530