Wow. 7.4 percent unemployment. I remember those far-off days* when seeing that number would have made me wince and worry; now I whistle at how well the economy’s doing. 7.4 unemployment, these days? That’s great!
A shame that it’s also Canada.
Canada added more jobs than economists forecast in June, led by part-time staff and transportation workers, keeping the country’s unemployment rate at a 2-1/2 year low.
Employment rose by 28,400, Statistics Canada said today in Ottawa, exceeding the 15,000 median estimate in a Bloomberg News economist survey. The jobless rate was unchanged at 7.4 percent, the lowest since January 2009.
Note that the Canadians never got above 8.7% unemployment, either. Then again, they also didn’t have the American Democratic party do a stimulus program for them.
PS: Job report out at 8:30 AM. Word is, higher than expected job growth, economy/unemployment still stagnant. Personally, I’m hoping that it’s better than that, and that the announced remarks from the President later this morning aren’t just more bravado on his part.
PPS: This… is bad. 18K jobs added, 9.2 unemployment, the White House is scheduled to quietly panic later today.
*May 2009, to precise.