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The U.S. has become a job-creating machine while Canada sputters

The U.S. has become a job-creating machine while Canada sputters

Posted by Juan Gavasa on August 02, 2014

For the first time since 1997, today saw the release of the sixth consecutive U.S. jobs market report with a net monthly employment gain of over 200,000 persons. But are they doing better than Canada, and if so, by how much?

The difficulty with direct U.S. to Canadian employment comparisons is the differences in size of the two countries. We can account for this difference by measuring employment growth relatively to the overall level of employment in each country. Here is year-over-year employment growth for Canada and the U.S. as a percentage of the overall level of employment since January 2010.

The U.S. employment market was dreadful in 2010, but has improved steadily since then. The scale required to show the 2010 numbers makes it difficult to see the relative differences in the last few years, so here is the same data starting at January 2011.

By this metric, U.S. employment growth outpaced Canadian growth in 2012 and 2014. The two countries were relatively even in 2013 outside of two bad months (February and October) for the United States.

The above charts treat full-time and part-time jobs equivalently. If we instead limit the discussion to full-time employment, the U.S. record is even stronger.

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