The Canadian labour market ended the year on a strong note as the economy added a whopping 104,000 jobs in December, showing no signs of the slowdown many economists have been anticipating.
In its latest labour force survey, the federal agency said the rise in employment was driven by an increase in full-time work. Wages continued to grow at a year-over-year pace above 5.0 per cent for the seventh consecutive month, with wages up 5.1 per cent.Brendon Bernard, a senior economist with hiring website Indeed, said the broad story for 2022 "of low unemployment and solid job market conditions continued through the final parts of the year."
Despite employment rising on a monthly basis, hours worked held steady in December. Porter said this was likely due to elevated illness rates. The central bank has raised interest rates aggressively in hopes of bringing down the pace of price growth and cooling the economy.
Meanwhile seedy anarchy supporter PierrePoilievre keeps blathering 'everything is broken'.
January will see those jobs disappear!! Happens every year around Christmas lol!! Government can’t figure that shit out!!
Maybe added but certainly not created. Just Covid callbacks.
Expect more interest rate hikes n inflation coupled with a recession.
Thats good news for China . Canada is going down the toilet thanks to the Liberal party .
. that is one broken Canada.
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Source: TorontoStar - 🏆 60. / 55 Read more »