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The Canadian economy saw strong job gains in Q4, but the rising unemployment rate, declining job vacancies and low labor force participation rate indicate a soft economy and labour market. The Bank of Canada made its fifth key interest rate cut of the year, which could improve business conditions for 2025. 📊 Read the full report ➡️ https://bit.ly/4azYhdL #labormarket #economy #jobs #jobsreport #engineering #science #weareactalent

**Unemployment Rises Despite Job Gains: What's Next for Canada's Economy?** Did you know Canada’s unemployment rate in November surged to 6.8%, the highest since early 2017? Despite adding 51,000 jobs—primarily in the public sector—the labor force's growth outpaced employment, driving the increase. Notable job increases occurred in wholesale, retail, and construction, yet sectors like manufacturing and transportation faced declines. As 1.5 million Canadians seek jobs, we must ask: what could this mean for economic stability and the Bank of Canada's interest rate decisions? #CanadaEconomy #Unemployment #JobMarket #EconomicGrowth #InterestRate #FutureTrends Share your thoughts: How should policymakers respond to these shifting employment trends?

📊 Canada's Labour Market Update - October 2024 📊 Canada added a net 14,500 jobs in October, but the growth fell short of economists' forecasts. Despite the additions, the unemployment rate held steady at 6.5%, highlighting a challenging but stable environment. While job gains show resilience in some sectors, this data reflects a gradual pace of growth in the labor market. As we move into the end of the year, it will be critical to watch economic trends and policy responses that support continued employment opportunities. 🔍 Key Takeaways: Net Jobs Added: 14,500 Unemployment Rate: Unchanged at 6.5% Let's stay connected to discuss these trends and their impact on our industry. #CanadaJobs #LabourMarket #Employment #Economy #JobGrowth

Canada’s unemployment rate saw a slight decrease of 0.1 percentage point to 6.7%, as the economy added 91,000 jobs in December. Statistic Canada released its monthly job report last Friday, with its numbers exceeding economists’ expectations. December marked the third employment gain in the past four months, with 56,000 in full-time employment and 33,500 in part-time employment. The overall labour force also saw a net increase of 66,700. “This was as positive a labour market report as we could expect. Despite all the negative talk about Canada's economy, the country keeps adding jobs,” wrote TD’s senior economist James Orlando. He also believes the employment figures from the report “puts a January rate cut into question.” “Despite fears related to U.S. action against Canada, the BoC doesn't make political calls on the outlook,” he wrote. “However, post inauguration on January 20th, they may have sufficient information on whether lower interest rates are necessary to shore up the economy.” #hkecc #CanadaJobs #UnemploymentRate #EconomicGrowth #JobMarket #StatisticsCanada

Industry Update: Canada's Job Market Exceeds Expectations Last Friday, BNN Bloomberg reported that Canada's job market has outperformed predictions by a significant margin. Statistics Canada's April report revealed the addition of 90,000 jobs, a substantial increase compared to the anticipated 20,000. This robust showing has prompted a reassessment of market expectations regarding a potential rate cut next month. Prior to this development, the likelihood of a cut was perceived to be around 75%. However, following this remarkable surge in job growth, the odds have shifted more likely to be a 50% chance. As Canada's economic resilience continues to progress, we look forward to monitoring the implications of this development on the financial landscape nationwide (and globally). Stay tuned for further updates! #canadajobs #economicoutlook #trustonefinancial #BNN #bloomberg #marketanalysis #economy #canada #financial #advisors #interestrates #markets #financialnews #mga #globaleconomy

📉 Economic Update: Canada’s July jobs report reveals a steady unemployment rate of 6.4% and a slight decline in job numbers https://lnkd.in/gDH7SXvg #RealEstate #MarketUpdate #InterestRates #EconomicTrends #VickyGill #RealEstateExpert #TorontoRealEstate #HomeBuying #Investment #EconomicInsight

📊 November Labour Market Update: Key Insights 📊 In November, Canada's job market saw a rise of 51,000 (+0.2%) jobs, with most gains in full-time work. Despite this growth, the unemployment rate rose to 6.8%, driven by more people actively seeking work. 💼 Key sectors: Wholesale/retail trade +39,000 (+1.3%) Construction +18,000 (+1.2%) Accommodation/food services +15,000 (+1.3%) 🌍 Regional Growth: Alberta +24,000 (+1.0%) Quebec +22,000 (+0.5%) Wages also saw a year-over-year increase of 4.1%, signaling positive economic momentum. Stay tuned for more insights! #CanadaJobs #LabourMarket #EmploymentTrends #EconomicGrowth

Canada saw modest job gains of 15,000 in October, falling short of the expected 27,000, with the unemployment rate holding steady at 6.5%. The big concern? The labour force participation rate dipped to 64.8%, its lowest since 1997 (excluding the pandemic years), which could have an impact on future economic growth. While the youth employment sector showed some positive signs with a gain of 33,000 jobs, the overall youth unemployment rate remains high at 12.8%. On the wage front, average hourly wages rose by 4.9% compared to last year, which may influence the Bank of Canada's next decision on interest rates. To learn more about what these numbers mean for Canada's economy and job market, check out the full commentary by our Economist, Alissa Gorelova ⤵ https://lnkd.in/ewTb8zc2 #LabourForceSurvey #CanadianEconomy #JobMarket #YouthEmployment #EconomicGrowth

🚀 Canada's Job Market Surges in December! 🚀 Exciting news from the latest employment report: Canada added a whopping 91,000 jobs in December, driving the unemployment rate down! 📉 This impressive growth highlights the resilience and dynamism of our economy as we head into 2025. Read more about this positive trend and its implications in the full article: https://lnkd.in/gUXYm8cM

Canada’s unemployment has climbed to an 8-year high of 6.8%, yet the economy added 51,000 jobs—more than double the expected 22,500! This “jobs paradox” raises questions: is it a mismatch between skills and job openings, or are people flooding back into the workforce only to struggle to find work? 🤔 A rising unemployment rate often signals economic slowdown, which could keep the Canadian dollar under pressure. With USD/CAD already trading at a 4.5-year high of 1.43, continued structural challenges in the labor market could shake confidence in Canada’s economy further—pushing the pair even higher.