Public sector hiring in Canada grew 4.7% over the past year, offsetting private sector job losses (1.2%).
Public sector hiring in Canada has offset private sector job losses, with employment in the public sector growing 4.7% over the past year compared to 1.2% in the private sector. This trend highlights the government's role in supporting the nation's labor market, according to Statistics Canada data. The private sector's decelerating trend is tied to interest rate cycles, and economists will monitor this trend to determine whether interest rates will be cut earlier or later.
March 08, 2024
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