- Argentina’s Q4 2005 GDP grew at a 21.5-percent rate compared to Q4 2004. The country’s unemployment rate dropped 1 percent in February from January, 2 percent lower than February 2005.
- Brazil’s Q4 2005 GDP increased 0.8 percent from the previous quarter, 1.4 percent higher than Q4 2004. The country’s January unemployment rate increased 0.9 percent from December 2005, but was 1 percent lower than January 2005.
- Canada’s economy grew at a 2-percent rate in Q4 2005 a 7.1-percent rise on the same quarter in 2004. The GDP for the entire year increased 2.9 percent, almost equal to the same figure for 2004. According to Statistics Canada, “[2]005 was the year of the consumer, as the 4.0-percent jump in personal expenditure on goods and services was the main contributor to overall growth in real GDP.” Canada’s jobless rate in February fell to 6.4 percent, equaling the 30-year low reached in November 2005. Employment statistics showed an increase in employment in western Canada, strength in the youth labor market, more hiring in trade, and a continued upward employment trend in construction.
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