Quote:
Originally Posted by lozen
It is a lot, but some context helps. From that article:
"Employment still barely above pre-COVID level"
Meanwhile, in the US:
"The U.S. economy has now reportedly recovered 80 percent of the jobs lost at the depth of the recession in 2020, but there are still over 4 million fewer jobs than there were before the pandemic, and a labor force participation rate which remains troublingly below pre-pandemic levels."
https://www.shrm.org/resourcesandtoo...ronavirus.aspx
That's from a November report (October employment data), so three months old, but unless they picked up 3.6 million jobs in November and December, they're still below pre-pandemic levels, while we're above.
Also from the article you linked:
Quote:
Swift rebound likely
Economist Royce Mendes with Desjardins says there is reason for that optimism. Goods-producing industries actually added 23,000 jobs during the month, he noted, a sign that parts of the economy may have turned the corner.
I'm not saying it's a bed of roses here (far from it), but it's also not all doom and gloom.