Article source: ConstructConnect
According to the latest Employment Situation Report issued by the Bureau of Labor Statistics (BLS), the total number of jobs in the U.S. increased by +210,000 in November.
Frankly, +210,000 is a disappointing figure. Canada’s change in employment in November wasn’t much lower, at +154,000 jobs. And the size of Canada’s labor force is much smaller.
Furthermore, while Canada has recovered all the drop in its total employment level that transpired from February to April of last year, when the initial flare-up of COVID-19 led to a near economy-wide closure, the U.S. has clawed back just 82.2% of its Spring 2020 plunge.
Canada’s jobs ‘claw-back’ ratio of 106.2% means the nation has gone beyond restoring lost employment and is now on a path of extra jobs creation.
Perhaps the biggest difference between the two economies lies in public sector employment. The level of total government-tied jobs in Canada is now higher than before the pandemic.
