Job Postings Continue to Improve in May
Canadian hiring momentum strengthened further in May, with the hiring index increasing by 4.8 points, marking a third consecutive monthly gain. This rise alongside softer monthly job postings suggests that underlying hiring momentum remains positive, even if near-term signals are more mixed.
What industries and which occupational categories have had the steepest gains in job postings? Which have seen losses? How are these movements distributed across Canada’s regions, and what are the implications in terms of overall labour market resilience? Where does the unemployment rate sit, and what factors have driven it to its current level?
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