Just 100 new jobs were added to Canada's economy in December 2023, and the country's 5.8% unemployment rate remained unchanged.

In December, Canada's economy added just 100 jobs, and the unemployment rate remained steady at 5.8%, according to Statistics Canada's monthly labour force survey. The number of full-time jobs decreased by 23,500, while part-time jobs increased by 23,600. This weaker job market may lead the Bank of Canada to consider an interest rate cut in the near future.

January 05, 2024
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