February 6, 2009

Canadian jobless rate soars

Today news: Canada suffered its worst monthly job loss in at least three decades in January as 129,000 more workers across the country became victims of the economic slump.

Is this a shock? Yes or No.

When I bought my house in June, 2007, everything was going so well. Unemployment was only around 3.3 per cent. Housing market was booming, mortgage rate was almost increasing every week that time. My house increased $7000 just in 2 months. I felt a fear that time. I thought I won't afford a house anymore if I couldnot decided that time, because house price was increasing horribly.

Just 1.5 year later, everything is opposite. I am so afraid to see more and more people loss job. If so, Canada will have the exactly same economy loop with US. What will happen?

Only thing I can do is working harder, save my job, support my family. It is very stressful to see this bad current situation. That is life. We can not control so let's enjoy.

1 comments:

Anonymous said...

it is terrible.

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