Canadian Employment Upside Surprise
Original Report
From StatCan today, employment reverses May decline, rises 18.2K vs 11.2K Bloomberg consensus. The employment sitrep as of today’s release: Figure 1: Canadian employment over 15yrs (blue, left...
From StatCan today, employment reverses May decline, rises 18.2K vs 11.2K Bloomberg consensus. The employment sitrep as of today’s release: Figure 1: Canadian employment over 15yrs (blue, left scale), Canadian nonfarm payroll employment (red, right scale), both s.a. Source: StatCan. Neither employment nor nonfarm payroll employment are back to previous peaks. However, they do not […]
Glass House Analysis
Labor market conditions shape the lived experience of millions of working families. When jobs are plentiful, workers have leverage to demand better wages and conditions; when they're scarce, the balance of power shifts to employers. This dynamic plays out daily in kitchen tables across America, where families make decisions about whether to ask for a raise, change jobs, or accept less-than-ideal conditions out of necessity.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
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