Canadian Job Market

Record Number of Four-Year Degree Holders Unemployed: Economic and Societal Concerns

Americans With Four-Year Degrees Now Comprise a Record 25% of Unemployed Workers is a stark statistic that really makes you stop and think, doesn’t it? It’s a headline that grabs your attention, immediately raising questions about the current state of the job market and the value of higher education. So, let’s unpack this and try to make some sense of it all.

The initial gut reaction is a mix of concern and bewilderment. If a quarter of unemployed workers hold a bachelor’s degree, what’s going on? It’s easy to assume that a four-year degree is the golden ticket to a stable career, but this data throws a wrench in that expectation.… Continue reading

Canada Adds Surprise 67,000 Jobs in October, Raises Concerns Over Job Quality

In October, the Canadian economy added a surprising 67,000 jobs, causing the unemployment rate to fall to 6.9%. While much of the job growth was in part-time positions, there were notable gains in wholesale and retail trade. Though the jobless rate decreased, it remained elevated and concentrated in specific sectors, signaling a labor market still recovering. Economists predict that the Bank of Canada will likely pause on rate cuts in December due to this data, and continued slow growth in employment overall.

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