The Canadian PressOTTAWA — 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.
“But this is the second time in three months that the economy has cranked out 100,000 new jobs, which is a big number historically.” “For those of us who are calling for at least a shallow recession this year, it of course raises some doubts on that view,” Porter said. The jobs report also noted that the employment rate among women between the ages of 25 and 54 reached a record-high last month.
The Bank of Canada has previously flagged the country’s tight labour market as a contributor to high inflation.
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