The Canadian Labour and Staffing Journal

The Canadian Labour and Staffing Journal

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The Canadian Labour and Staffing Journal
The Canadian Labour and Staffing Journal
The unemployment rate is down, and yet...

The unemployment rate is down, and yet...

Labour Markets - October 2024 update

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The Canadian Staffing Journal
Oct 29, 2024
∙ Paid
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The October Labour Force Survey from Statcan has given us some surprise: the unemployment rate went down from 6.6% to 6.5%! The first time it declined since the beginning of the year.

While we are in a cycle where unemployment has been consistently increasing, this could come as a surprise since we are nowhere close to the start of a nice economic recove…

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