U.S. applications for jobless benefits rose modestly last week as business continue to retain workers despite fears of a possible economic downturn. Jobless claim applications inched up by 6,000 to 222,000 for the week ending April 19, the Labor Department said Thursday. That’s just barely more than the 220,000 new...
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Canadian unemployment rate ticks higher to 6.7%
March’s Canadian labour market report was slightly softer than we expected, and the broader concern is that further weakness is still in the pipeline if the United States follows through with aggressive tariff hikes on global trade partners announced earlier this week. Part of the pullback in employment (and tick...
Canada loses jobs in March for first time since 2022 on tariff uncertainty
Canada's total employment fell and the unemployment rate ticked up in March, data showed on Friday, as the uncertainty around tariffs and their subsequent implementation forced companies to pause hiring and spurred some layoffs. The country shed a net 32,600 jobs last month, the first decrease in more than three...