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...
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’s Job Market Stumbles With Payroll Jobs Dropping In February
What’s going on here? Canada's February payroll took a downturn with employment dropping by 49,000, yet average earnings nudged up, according to Statistics Canada. What does this mean? February was a mixed month for Canada's job scene. Payroll jobs dropped by 0.3%, undoing January's slight rise, though the year still...