Canadian job losses in October

[Rickson9]

With regards to the OP re: unemployment numbers.

[4:30] The unemployment rate is the most lagging economic indicator and has never peaked during a recession. It has always peaked well after a recession has been over.

The historical average is that the unemployment rate peaks 6 months after a recession is long gone.

http://tinyurl.com/y8nh69c

Originally Posted by Canadian

That's fine but the unemployment is not peaking, and I don't see it peaking for the next 18 months. After that there is no guarantee that we are going back to pre-bubble levels of employment with all the jobs shipped and still shipping to Asia...

Instead of 18 months, the next 1 month...

"Canada's economy created a stunning 79,000 jobs in November as the private sector finally began hiring again."
http://www.theglobeandmail.com/repor...rticle1388321/

"The U.S. unemployment rate unexpectedly fell to 10 per cent in November as employers cut the smallest number of jobs since the recession began. The better-than-expected job figures are a rare note of encouraging news for the labour market."
http://www.theglobeandmail.com/repor...rticle1388426/