Canadian real estate leaders must decide how to act in 2025 as further interest rate cuts loom, stricter immigration policies take effect and the federal government’s 10-year bonds are up. … READ MORE >
employment
Canada’s job market cools as unemployment rises to 6.8%
The unemployment rate increased by 0.3 percentage points to 6.8 per cent — the highest since January 2017—as more people looked for work. … READ MORE >
Manufacturing sector jobs dipped in August
The manufacturing sector lost 24,000 jobs in August, following an upward-adjusted addition of 6,000 in July, according to the Bureau of Labor Statistics. … READ MORE >
Service sector growth eases in July
The Institute for Supply Management’s index for services inched down to 52.7 in July from 53.9 in June, indicating expansion for the seventh straight month. … READ MORE >
U.S. second-half economic outlook: Muddling through
A rapid decline in inflation amid robust hiring and an unemployment rate that stands at 3.6% despite a steep rise in interest rates underscore a resilient American economy that refuses to go gently into that good night. … READ MORE >
Canada jobs report tops forecasts, showing resilience amid recession fears
Canada’s March job report came out hotter than expected, adding more pressure on the Bank of Canada’s fight against inflation. … READ MORE >
Jobless claims rise, but remain below pre-pandemic level
New filings for unemployment benefits increased by 7.1% to 196,000 for the week ending Feb. 4, the Labor Department reported on Thursday. … READ MORE >
What do the latest job numbers say about the health care sector?
According to the latest nonfarm payroll report by the Bureau of Labor Statistics, health care added 44,700 jobs, exceeding our estimate of 40,000. … READ MORE >
Inflation persists as spending rebounds strongly in September
Friday’s macro data drop continued to require the Federal Reserve to have its foot on the pedal: while inflation data came out slightly better than expected, the key wage inflation metric—the employment cost index—remained elevated, according to the Labor Department. On top of that, spending was much better than expected in September together with an upward revision to August’s print. That means the economy can absorb more monetary tightening. … READ MORE >
Staffing firms see strong demand as hiring remains steady
The demand for staffing firms is the highest it has been in almost two years. … READ MORE >