Canada: Labor market remained strong in April – CIBC

he labor market remained strong in April and warned the still-strong wage inflation will be particularly worrisome for the Bank of Canada . “The Canadian labour market remained strong in April, with employment rising by more than expected, the unemployment rate remaining near all time lows and wage inflation failing to decelerate.

“Employment growth may not be able to match that of the working population for much longer, with job vacancies down from their peaks and service industries that have been hiring recently now closer to fully staffed relative to pre-pandemic norms.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

April jobs report may point to US labor market's resilienceMonth after month, the nation's job market has stood its ground against howling headwinds — rising interest rates, chronic inflation, major bank failures and economic uncertainties across the world.
Source: wjxt4 - 🏆 246. / 63 Read more »

April jobs report may point to US labor market's resilienceMonth after month, the nation’s job market has stood its ground against howling headwinds — rising interest rates, chronic inflation, major bank failures and economic uncertainties across the world.
Source: ksatnews - 🏆 442. / 53 Read more »

April jobs report may point to US labor market’s resilienceThe job market has so far withstood the Federal Reserve’s aggressive drive to stamp out high inflation.
Source: wsfa12news - 🏆 338. / 59 Read more »

US labor market heats back up, adding 253,000 jobs in April | CNN BusinessThe labor market heated back up in April as employers added 253,000 jobs, according to data released Friday by the Bureau of Labor Statistics. It's a surprising increase at a time when many indicators were pointing to a slowdown in the job market.
Source: CNN - 🏆 4. / 95 Read more »

April jobs report may point to U.S. labor market’s resilienceMonth after month, the nation's job market has stood its ground against howling headwinds - rising interest rates, chronic inflation, major bank failures and economic uncertainties across the world.
Source: WashTimes - 🏆 235. / 63 Read more »