Here's what economists are expecting to see in the latest jobs report that's set to be released by Statistics Canada on Friday.
Economists are expecting Canada’s labour market slowdown continued in December.
“Canadian jobs data has been pretty volatile. The past three months we’ve seen some decent increases but we’ve had some declines before that, so I think the trend has been for flat or slightly modest job growth, which has still been enough to keep the unemployment rate fairly low.” Guatieri said there is good reason to believe inflation will keep falling in the new year but the main hurdle is still the Canadian labour market.
“2023 is going to likely be a continuation of some slowing in the employment growth rate and maybe some months of employment declines because interest rates have risen so demand is going to fall,” Grantham said in a phone interview on Thursday.
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