Canadian private sector job vacancy rate plummets to lowest level since 2016 ...Middle East

National Bank highlights the dim prospects in the Canadian jobs market:Private sector job growth anemic at just 0.2% in first 8 months of 2024Labour force grew 2.0% in same period - largest gap outside of recessionPrivate sector job vacancy rate plummets to lowest level since 2016CFIB data shows SMEs less concerned about labour shortagesNBF economists expect unemployment to rise above 7% in next 6 months (from 6.6% currently)Public sector hiring in 2024 prevented even worse damage to labour marketThe bottom line: Canada's restrictive monetary policy is taking a heavy toll on the private sector job market. Without strong public sector hiring, the situation would be even more dire. National Ba

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Canadian private sector job vacancy rate plummets to lowest level since 2016 ...Middle East

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