Canada Creates More Jobs then the US
Amazingly a country roughly 1/10th the size of the US created slightly more jobs in June then the US. Canada added 93K jobs versus the 83K in the US. Its not a surprise to anybody that Canada would have a stronger economy due to its high dependence on resources needed by China and other emerging economies. But for Canada to create more jobs then the US is a direct indication of the policy issues in the US. The US should be creating 300K private jobs a month coming out of this recession, but various reforms in healthcare and finance have led to stop hiring. Not to mention that attack on offshore drilling will only help move jobs inland to places like Canada. The interesting part is that most of the jobs were created in the services sector. Maybe all the banks are gearing up to take business from US banks weighed down by FinReg. Canada is also quickly approaching employments levels of before the recession while the US has hardly began adding jobs and possibly years away from reaching th...