A new study of U.S. data has found a link between higher home ownership rates and a rise over time in unemployment, and the authors are encouraging other researchers to check and advance their work to discover the possible causes of such a longterm trend.
The U.S. economy showed last month why it remains the envy of industrialized nations: In the face of tax increases and federal spending cuts, employers added a solid 165,000 jobs in April -- and far more in February and March than anyone thought.
The number of Americans in the labour force fell by nearly half a million people from February to March, the government said Friday. And the percentage of working-age adults in the labour force fell to 63.3 per cent last month. It's the lowest such figure since May 1979.
The Canadian economy was hit by a triple dose of bad news Friday as three major indicators -- jobs, exports and housing starts -- all tumbled in unison to cast doubt on an expected rebound in economic growth this winter and spring.