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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 | kpbaker@shaw.ca | 604.723.5363

Jackie Zerbe | jacqueline@totalmortgage.ca | 604.724.6982


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