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Canada and U.S. Diverge in Construction and Manufacturing Jobs Outlooks

January 26, 2007 - Alex Carrick

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Abstract:

U.S. construction employment continues to suffer as housing starts are leveling off from their precipitous slide, but are not yet at bottom. After a slight hiccup in late 2006 and early 2007, construction employment growth in Canada has bounced back to the 7.0%-plus year-over-year rate. Prospects for the U.S. manufacturing sector have improved, but Canada’s dollar value gains will make the playing field a tougher contest for Canadian manufacturers trying to sell into the U.S.

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