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The rising unemployment rate, however, may be deceiving, as talent surpluses are largely confined to specific corners of the economy. For most other sectors, hiring remains a challenge. For everyone else, the labour market is deceptively strong, and were it not for high interest rates and inflation, Mr. Janzen suggests the past two years would have seen a continuation of the hot postpandemic labour market. As those measures begin to cool, that may be what’s in store for 2025.
. Furthermore, 43 per cent say they are looking to grow their workforce next year – up from 41 per cent last year – and another 41 per cent intend to keep staffing levels the same in 2025.