The Canadian labor market continued to blow past expectations, adding 150,000 jobs in January despite mounting recession concerns, Statistics Canada reported on Friday. Robust job gains combined with the unemployment rate holding steady near a record low at 5% should push the expectations of a ... READ MORE >
Canada jobs report
Canada job gains top forecast, complicating decision on rates
The Canadian labour market once again kept managers, investors and, most important, the Bank of Canada on edge as it added 104,000 net jobs in December, significantly higher than the forecast of 5,000. December was the second month in the last three that job gains exceeded 100,000. The ... READ MORE >
Canada job gains slow in November
The Canadian economy added 10,100 jobs in November, easing some of the concerns over an overheating labor market after a blockbuster October jobs report. The data might prove that October's robust job gains was an aberration. Still, the implications regarding the central bank's fight against inflation ... READ MORE >
Canada adds a stunning 108,000 jobs in October, reversing decline of prior 5 months
In a stunning turnaround, Canada added 108,000 jobs in October, reversing all the losses from May to September. The outsize gain and the resilience of the job market suggest that the Bank of Canada will announce another supersize interest rate hike next month. Wages increased by a robust 5.6% and ... READ MORE >
Canada’s job market shows little sign of slowing
Canada’s economy in September reversed the slowing labour market of the summer, adding 21,100 jobs while unemployment fell to 5.2%, according to government data released Friday. Employment among women in their prime working age grew for the first time since May as children headed back to school, ... READ MORE >
Canada’s jobless rate rises off its record low
Canada lost 40,000 jobs in August, bringing the unemployment rate up to 5.4% from its record low in July as construction and education led the declines. August’s rate is the highest in seven months, and the first increase since April 2021. The change in the job numbers prompts a question: Is the ... READ MORE >
Canada’s jobs fall in July as unemployment rate remains steady
Canada’s economy shed 31,000 jobs in July while the unemployment rate remained at a historic low of 4.9%, confirming what the strong gross domestic product numbers have been showing: The economy is not in recession. The low unemployment rate, released by Statistics Canada on Friday, furthers the ... READ MORE >
Canada’s unemployment rate hits record low, even as economy sheds jobs
Bucking a trend of continuous job gains since January, Canada lost 43,000 jobs in June as the unemployment rate hit another record low of 4.9%, according to data released by Statistics Canada on Friday. Even with the loss in jobs, the June data is unlikely to sway the Bank of Canada from announcing ... READ MORE >
Canada’s unemployment rate falls to 5.1%, another record low
Canada’s labour market remained tight in May, adding 40,000 jobs as the unemployment rate fell to 5.1%, another record low, according to data released by Statistics Canada on Friday. The shortage of workers continued to put upward pressure on hourly wages, which increased by 3.9% on a yearly basis, ... READ MORE >
Canada’s unemployment rate falls amid a chronic worker shortage
Canada added 15,000 jobs in April and the unemployment rate fell slightly to 5.2% as the job market remained heated, according to data released by Statistics Canada on Friday. There is no sign that this tight market will ease any time soon. In addition to the modest number of jobs added, the ... READ MORE >