May Unemployment Report, Not So Hot

After two scorching months of job growth in Canada, the May numbers honked, coming in at only 7,700. Haven't seen the Ontario numbers anywhere, so I assume they were flat too. Since last month's Ontario's numbers were also flat that's not really great news for Ontario government revenues. I can't see June's numbers being great and with Europe going slowly down in flames, Ontario's 2012-2013 deficit will probably end up being higher than predicted.