Canada Adds Surprise 104,000 Jobs In December Despite Recession Fears

[Economy 52,854]

https://www.bnnbloomberg.ca/surprise-jobs-gain-increases-the-odds-of-a-bank-of-canada-rate-hike-experts-1.1866637

 

Canada's economy managed to add 104,000 jobs in December, about 20X the 5000 expected by economists

 

A rapid slowdown in the labor market has been expected for several months ever since interest rates began to rise but so far has still failed to materialize

 

As a base of comparison, in proportion to population, Canada's December gain is equivalent to the US adding 900,000 jobs in a month!