2010, as we all know, was a year of recovery. As we begin 2011, we seem to leave the recession behind and look at 2011 in a positive light.
In December 2010, Canada’s economy created more jobs than expected. This was after three (3) months of disappointing employment numbers which coincides with the employment moves of the United States.
There was a surge in manufacturing jobs, which is critical to our economy. The unemployment rate held steady at 7.6% according to Statistics Canada. This performance was better than expected. Luckily the performance wasn’t strong enough to force the Bank of Canada to increase interest rates, which are inevitable in a solid economy.
There was very significant job creation in 2010 after a dismal 2009.The private sector created the majority of the jobs, most being full-time. Manufacturing finished the year strong but so did transportation, warehousing, natural resources, while construction declined. Wages increased slightly.
So basically, we can feel confident that standard of living should continue to improve. Luckily for us, the U.S. seems headed in the right direction after a very dismal recession. Being Canada’s number one trade partner, it’s so important that the US economy continues to improve.
I think we should all raise a glass and cheer 2011. We made it through 2008/2009 and 2010 was the turnaround. Onward and upward and let’s all work together to keep this momentum going.
Trebor Personnel Inc. (TPI) reflects these positive economy changes. 2010 was our turnaround and we have started 2011 stronger than years previous.
Thanks to many of you, we feel TPI can expect a very good year.
All of us at TPI would like to thank our clients for their continued loyalty and support!! To all of our present and future clients, all the best in 2011.
No comments:
Post a Comment