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Trump Proposes Closing Department of Education via Executive Action

                                     In a bold move, U.S. President Donald Trump has announced his intention to dismantle the Department of Education through executive action. Trump, who has long criticized the federal government's role in education, believes that states should have more control over their schools. During a press conference in the Oval Office, Trump stated, "We spend more per pupil than any other country in the world, and we’re ranked at the bottom of the list. What I want to do is let the states run schools." Despite acknowledging that an executive order would face significant challenges, Trump expressed his preference for working with Congress and teachers' unions to achieve this goal. The proposed dismantling of the Department of Education has sparked a debate about the future of federal involvement in education. Critics argue that eliminating the depart...
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Canada's Job Market Soars in December: 91,000 Jobs Added, Surpassing Expectations

 

Canada's economy experienced a remarkable surge in job growth in December 2024, adding an impressive 91,000 jobs, far exceeding economists' expectations of 25,000. This significant increase brought the unemployment rate down to 6.7% from 6.8% in November.

The job gains were primarily in full-time positions, with notable increases in educational services, health care and social assistance, finance, and transportation. The public sector saw the addition of 40,000 jobs, while the private sector added 27,000 jobs. Additionally, the number of self-employed individuals rose by 24,000, marking the first increase since February.

Despite the positive job growth, the average hourly wage rose by 3.8% year-over-year, a slight decline from previous months. Economists have noted that while the job market's performance was better than anticipated, there is still room for improvement, and further interest rate cuts may be necessary to reduce excess capacity in the economy.

Overall, the strong job market performance in December 2024 signals a positive end to the year and raises questions about the Bank of Canada's future interest rate decisions.



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