CNBC’s Jim Cramer said Friday no matter your view on President Donald Trump there’s no denying we’re living in the best labor market in more than a generation.
“You can’t contradict that these are the best numbers of our lives. You can’t,” Cramer, 64, said following the government report showing the U.S. economy created a better-than-expected 266,000 nonfarm jobs in November, with the unemployment rate dipping to 3.5%, matching a 50-year low. Economists had expected the jobless rate to hold steady at 3.6% last month.
“This is the best number I’ve ever seen in my life,” Cramer said, zeroing in on the unemployment rate. “Fifty years ago, that number was a curse. Now it’s a blessing.” He added, “I don’t see inflation. I don’t see recession.”
Cramer said the strong U.S. job market is going to allow America to win the trade war with China. “The president can walk away from the table with this number.” He added: “In the end, the Chinese are going to have to put jobs here.”
Meanwhile, in Canada: Devastating: Canada Loses 71,000 Jobs, Biggest Loss In A Decade. The contrast could not be more clear.
https://www.spencerfernando.com/2019/12/06/devastating-canada-loses-71000-jobs-biggest-loss-in-a-decade/
Unemployment rate surges to 5.9%.
A devastating jobs report reveals significant problems with the Canadian economy, feeding into a growing perception that a serious economic downturn is near.
The economy lost a whopping 71,000 jobs, the worst since 2009 – when Canada was only beginning to emerge from the global economic crisis.
The economy lost 38,400 full-time jobs, and 32,800 part-time jobs.
There were no bright spots whatsoever in the report, with sectors losing jobs across the board.
Manufacturing jobs fell by 27,500, resources sector jobs fell by 6,500, and 44,400 services sector jobs were lost.
https://theconservativetreehouse.com/2019/12/06/stunning-news-in-canada-economy-loses-71200-jobs-unemployment-jumps-to-5-9/
The best source of info! Sundance explains everything so that it is understandable. And when you take into consideration that Canada media is government subsidy- then makes me think they hid from the people the state of their economy before their election.
Those figures are straight from the Canadian state economic minister yesterday. Google still showing socialism is what the people want and all is merry and bright in the Canadian job market.