Canadian Wages Continue Upward Trend with 4.1% Growth in November
• 1 min read
Canadian workers saw their average hourly wages rise to $35.68 in November, marking a 4.1% year-over-year increase amid a mixed employment landscape. The steady wage growth suggests employers are maintaining competitive compensation despite moderate job gains and a slight uptick in unemployment.
Canada's Labor Market Paradox: Job Growth Overshadowed by Rising Unemployment
• 1 min read
Canada's unemployment rate hit 6.8% in November 2023, the highest since 2017, despite adding 50,500 new jobs. The surge in joblessness was driven by labor force expansion outpacing job creation, while wage growth showed signs of cooling.