Help Wanted

May 7, 2021 | Help Wanted Garth Turner A best-selling Canadian author of 14 books on economic trends, real estate, the financial crisis, personal finance strategies, taxation and politics. Nationally-known speaker and lecturer on macroeconomics, the housing market and investment techniques. He is a licensed Investment Advisor with a fee-based, no-commission Toronto-based practice serving clients across Canada. The job numbers suck. Some people wonder what impact this might have on real estate. The economic recovery. On interest rates. In case you missed it, Canada shed 207,000 positions in March. That just about nuked the gains seen in February. The jobless rate has gone in the wrong direction – up. Over 129,000 full-time paycheques vanished and close to seventy-eight thousand part-timers lost work. In the US, more than a quarter million new hires stared working last month in stark contrast to us, but this was far less than expected. Seems American employers can’t find enough people who want to work now that Uncle Joe sent everybody a fat cheque. In Canada, it’s the slimy little pathogen that’s eating the GDP.