September Jobs Report: Unemployment Hits New Low, but Signals Are Mixed

■ 136,000 jobs were added last month, the government reported on Friday. Analysts surveyed by MarketWatch had expected a gain of about 147,000. ■ The unemployment rate was 3.5 percent, the lowest in a half century and down from 3.7 percent the month before. ■ Average hourly earnings were little changed after growing by 0.4 percent in August. The year-over-year gain was 2.9 percent. The Takeaway The cavalcade of payroll gains continued for the 108th month in September, pushing down the jobless rate to a 50-year low and countering anxieties…

All the reasons why Canada needs immigration — and more of it

There are some calculations with pension plans that require advanced math, and some that don’t. One that doesn’t is the simple fact that Canadians are rapidly aging. The average age of the population is moving up as life expectancy increases, birth rates decline and the baby boomer generation ages. By 2040, 25 per cent of the population will be at least 65 years old, up from 17 per cent today, according to Conference Board of Canada projections. The impact of having fewer Canada Pension Plan contributions from workers and more…