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Usually, the new year brings in a renewed sense of optimism and excitement. For those watching Canada’s economy at the start of 2024, that might not be the case. The labor market was effectively changed by a rounding error last month, adding just 100 jobs! The slipping demand for workers over the past three months is a signal of stormy clouds ahead, dampening the positivity for 2024.
Labor Force Trends
What could be driving this slumping job market? Looking at the job vacancy rate (ratio of openings compared to total employment), demand has cooled for most
