Economists are cautiously optimistic about Canada's resurgence
in the job market for 2010. Two recent surveys, one from CareerBuilder.ca and
the other from the manufacturers of Canada, both forecast job growth in 2010. This
upswing in the economy will affect most provinces and industries across Canada.
The positive news for our economy comes on the heels of a
November 2009 report that revealed a net gain of 79,000 jobs in Canada. This
has led many forecasters to predict some long-term stability and a continual
trend upwards in Canada's economy and job market.
With the fall of 2008 looking quite grim, where forecasters
were predicting that 500,000 Canadians would lose their jobs, the recent news
of an upward trend is a welcome respite to the economic storm that has ravaged
the Canadian economy for two years.
One factor that experts point to for the positive increase
is the lowering interest rate that has coincided with this recession. This has
spawned increased confidence in Canadian consumers as December say an increase
in house, automobile, and retail sales.
The sluggish job market has seemed to have slowed, some
argue even stopped. This is great news for the Canadian economy as it is poised
to start its recovery and climb back to pre-recession levels. Economists project
280,000 new jobs for Canadians in 2010 and although employment is still below
levels seen in late 2007, a definite turn has occurred. It may take several
years to bounce back but Canadians can take solace in the fact that change is
imminent.
