Layoffs, boomers, interest rates: Why Canada’s jobs market shows ‘no signs of slowing’ - National | Globalnews.ca

At the same time, the labour force has grown faster than the population, she said.

“At any point in our labour market history of collecting data, we have never seen Canadians working this much,” she said. “More of them working full-time, more of them are engaged in the labour market in one way or another, more of them are working longer hours and more of them are getting closer to what they trained for.”How are temporary foreign workers contributing to this trend?Temporary foreign workers saw a 13 per cent increase in their employment in the latest labour force survey.

“There is no other group in the country that has seen this kind of growth and the jump in employment,” Yalnizyan said. Because these people aren’t permanent residents, she expects it to generate more churn in the labour market, which will keep wage growth lower.The 150,000 new jobs recorded in January was 10 times more than expected and most of those jobs were full-time, said Sherry Cooper, chief economist at Dominion Lending Centres, in a note to investors.The number is significant, she said, because it places the employment rate at a pre-pandemic level.

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