Jeffrey Qián 錢 曄 // 778-238-2014 // info@jeffreyqian.com

US Employment

US Non-farm payrolls increased for a record 73rd consecutive month in March, rising by 215,000 jobs.  The US unemployment rate edged slightly higher to 5 per cent.  Over the past three months, the US economy added an average of 209,000 jobs per month. 

The US economy is steadily growing and producing jobs at a good but not spectacular pace. Wage growth is low but seems to be increasing and inflation remains muted. All in all, there is still not much of a case of more aggressive tightening by the US Federal Reserve which should help keep Canadian bond yields and therefore mortgage rates low. 

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