Layoff headlines masking a labour market that continues to show strength

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Layoff headlines aren\u0027t the whole picture as Canadian companies still plan to hire and hold onto staff amid a tight labour market. Read on.

, which showed that almost half of employers are still planning to hire during the first few months of the year. That said, companies are also being cautious, and don’t plan to hire as robustly as in previous quarters.Article contentis complicating hiring plans. Job vacancies remain high, though down from historic highs, and employers continue to say they’re having trouble filling them.

Things south of the border are also not as grim as layoff headlines would lead you to believe. The latest United States Bureau of Labor Statistics report released on Feb. 3 blew expectations out of the water. The U.S. added 517,000 jobs in January, pushing the unemployment rate down to 3.4 per cent, the lowest since May 1969. Bloomberg economists had expected a mere 188,000 new jobs, and for the unemployment rate to rise to 3.6 per cent. More companies in the U.S.

 

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