Play Video
The bulk of the job gains were made in health care and social assistance, public administration and utilities. Meanwhile, jobs were lost in business, building and other support services.Though conditions in the labour market remain quite good — with unemployment just above the all-time low of 4.9 per cent — Statistics Canada’s latest report showed a return to more modest employment growth.
Signs of that slowdown are already apparent. In the fourth quarter, the Canadian economy was treading water, posting zero per cent growth. The Bank of Canada, which is working to bring down the country’s high inflation rate, has raised concerns that sustained four to five per cent wage growth will make it harder to return to its two per cent inflation target.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: VancouverSun - 🏆 49. / 61 Read more »
Canadian economy added 22,000 jobs last month, unemployment held steadyEmployment in Canada rose slightly last month after January's jobs report raised eyebrows among economists anticipating a slowdown in the labour market this year. We have more work then people and we won’t catch up anytime soon. How many of those jobs are people’s second or third? 🤔 I read this as 22,000 Canadians got a second or third jobs to make ends meet.
Source: CP24 - 🏆 30. / 67 Read more »
Source: globebusiness - 🏆 31. / 66 Read more »