2011 looks like the year the U.S. beats Canada in job creation
For Canadian job seekers, 2011 is shaping up to be a year in which they envy their American counterparts.
After far outpacing the United States on job creation most of last year, Friday's numbers for the month of December will likely mark a role reversal, with the U.S. posting the better results for the first time in two years.
And economists say Canadians may have to get used to coming out second best on employment in the upcoming year.
"I think we've front-loaded most of our job gains early on in the cycle and now we're off cycle compared to the U.S.," says Scotiabank economist Derek Holt.
"I don't know that we get a resumption of job losses in Canada, but I think the best days for the pace of employment growth are probably behind Canada and ahead for the U.S."