FXstreet.com (San Francisco) - The Canadian economy created 155,000 new jobs in the first six months of 2012 and, as CIBC notes, the really good news is that these jobs were of high quality.
“As for the future, unfortunately the recent improvement in job quality will be short-lived,” according to CIBC in a research note. “The slowing global economy means that export-oriented high-paying jobs will not be as plentiful while a moderating real estate market will soften job creation in the construction sector,” it says, while forecasting a slowing trajectory of employment quality in the coming quarters.
“As for the future, unfortunately the recent improvement in job quality will be short-lived,” according to CIBC in a research note. “The slowing global economy means that export-oriented high-paying jobs will not be as plentiful while a moderating real estate market will soften job creation in the construction sector,” it says, while forecasting a slowing trajectory of employment quality in the coming quarters.
