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We exclusively use data from government, customs, or government-affiliated websites to maintain reliability and public integrity. In addition, we engage directly with industry experts to gather real-time, firsthand information. Each data point is collected, verified, and aggregated following established ethical standards, ensuring that our research processes meet the rigor recommended by ESOMAR. - Transparency and Accuracy:
All data are published promptly as they become available from the source, ensuring that our insights remain current and reflective of on-ground market dynamics. We actively seek and incorporate regular feedback from industry experts, which allows us to make real-time adjustments and continuously improve the accuracy and reliability of our data. - Ethical Data Usage and Third-Party Material:
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While we strive to provide high-quality, timely market insights, the data is derived from a limited sample and should be interpreted within that context. We are not liable for any damages arising from the use of this data, as it is provided solely for informational purposes and as a directional indicator of market trends.
By integrating ESOMAR's ethical guidelines into our research methodology, we ensure that our practices are transparent, respectful of data confidentiality, and aligned with internationally recognized standards. This commitment not only reinforces the credibility of our insights but also builds trust with our stakeholders and industry partners.
Canada's economy booms with 37,000 job additions, unemployment drops to 6%
Posted on February 16, 2024 |
In January, Canada's job market improved as it added 37,000 new jobs, causing unemployment to slightly decrease to 5.7%, marking the first drop since December 2022.
Economists were pleased with the January figures, which were better than expected, largely due to an increase in part-time employment after three months of little change.
Average hourly wages, rising at a steady pace of 4-5% annually to counter inflation, grew by 5.3% compared to the previous year.
Several sectors saw job growth in January, particularly in wholesale and retail trade, finance, insurance, real estate, rental, and leasing.
However, there was a notable decline in accommodation and food services employment.
Canada's labor market faced challenges last year, as high interest rates impacted consumer spending and business investment, leading to a rise in the unemployment rate from 5.1% in April to 5.8% in December.