Service Sector Job Growth in Canada is Tracking the U.S. Downward
Abstract:
The first graph accompanying this report shows that total employment growth in Canada has remained much stronger than in the United States for more than a year-and-a-half. Nevertheless, weakness in some key manufacturing sectors (forest products and automotive) is now leaching over into the services sector. As can be seen from the second graph, the year-over-year change in Canadian services employment is tracking the U.S. downward, but with a marked lag.
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The first graph accompanying this report shows that total employment growth in Canada has remained much stronger than in the United States for more than a year-and-a-half. Nevertheless, weakness in some key manufacturing sectors (forest products and automotive) is now leaching over into the services sector. As can be seen from the second graph, the year-over-year change in Canadian services employment is tracking the U.S. downward, but with a marked lag.