Canadian labour market steadies in second quarter as population growth slows: Indeed - BNN Bloomberg
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Article Excerpt
TORONTO — A new report suggests the Canadian labour market has steadied in the second quarter after a slow start to the year.
Indeed Canada’s economist Brendon Bernard says slowing population growth brought the working-age employment rate to its highest level since mid-2024.
Even as the employment rate steadied, Bernard says slow job growth is likely to continue through the rest of the year amid a drop in newcomers and more workers retiring from the workforce.
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Meanwhile, many job-seekers are continuing to face prolonged unemployment spells.
Still, B…
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