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  • Keith&Jacqueline

Canada's job market remained steady in December 2023

Canada's job market remained steady in December, holding the unemployment rate at 5.8%. 

However, the employment rate dropped to 61.6%, marking the fifth decline in six months. 

Overall, 2023 saw a slowdown in employment growth, and December's rate was down 0.9% from its peak in January. 

Notable sector changes include a 2.4% increase in professional services jobs and a 0.6% rise in health care roles, while wholesale and retail trade experienced a third consecutive month of decline (-0.7%). 

We're here to address any mortgage-related queries. Stay informed for a financially sound 2024! 

Keith Baker | | 604.723.5363

Jackie Zerbe | | 604.724.6982

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