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