Interprovincial barriers are falling down, job volumes declined, services stabilized and consumer spending still strong
🚰 On tap this week
Good morning ☀️,
On tap this week, interprovincial barriers start to fall down. It will probably not be a $200 billion upside as some predicted, but there will still be benefits especially on labour mobility. The labour force survey points to continuous job decline although some resilience persists. Consumer spending remains afloat, keeping job creation dynamic in some areas, and the services industry stabilized although is still in decline.
Happy reading!
Minh Dang - Editor in Chief - The Canadian Labour and Staffing Journal
Canada’s job engine downshift: what July’s labour force survey really says
Canada lost momentum in July. The economy shed 41,000 jobs and the employment rate slipped to 60.7%, its lowest in eight months, even as the unemployment rate held at 6.9%. The pullback erased roughly half of June’s unexpected surge and underscores a labour market that’s cooling, not collapsing, but increasingly uneven beneath the surface.
Canada’s services sector finds its footing, but hiring hesitation remains
Canada’s services economy showed tentative signs of life in July, offering a reprieve after months of contraction. The latest S&P Global Services PMI rose to 49.3, up from June’s bruising 44.3, marking the softest downturn in eight months. Though the index remains below the neutral 50 mark that separates expansion from contraction, the improvement was e…
Consumer spending is still strong, which means steady hiring in select areas
Even as economic headwinds swirl, from lingering tariff concerns to fragile consumer sentiment, Canadians continue to spend. A recent report by the Royal Bank of Canada (RBC) shows a surprising resilience in consumer spending as we roll into the third quarter. This sturdy demand offers both lifelines and cautionary signals for the labour market, particu…
Interprovincial barriers start to fall. This is what it means for staffing firms
A quiet but determined shift is stirring in the Canadian economy. A new analysis from TD Economics shows that provinces across Canada are slowly chipping away at longstanding barriers to internal trade. These changes, while uneven, carry profound implications for the labour market and staffing firms that match talent with opportunity.