Canada’s job market is confusing right now. On one hand, unemployment is still near record lows, last month’s job numbers from StatsCan exceeded expectations, and wages are finally starting to increase faster than inflation.
Our population is growing so quickly that we actually added more people in July than the 40,000 jobs that were created, job vacancies are drying up, and compared to the US, our wage growth hasn’t been great at all.
Brendon Bernard is the Senior Economist at Indeed.com
, and he’s back on the pod to unpack what's going on in Canada's job market and what it means for workers and businesses.