Analysts Predict Jobless Rate Increased in December Amid Economic Concerns
Analysts forecast a slight rise in Canada’s jobless rate for December, reflecting ongoing labor market challenges
Canada, Jobless Rate, December, RBC, BMO, Employment
Ottawa: So, it looks like the jobless rate in Canada might have ticked up a bit in December. Analysts from RBC and BMO are saying it could hit 6.9%. That’s a slight increase from November’s 6.8%, which was already the highest rate since early 2017, not counting the pandemic.
Statistics Canada is set to drop the official job report soon, and it’s got everyone buzzing. They’re also expecting that around 10,000 jobs were added last month, but honestly, that’s not a huge number.
This job report is coming out just before the Bank of Canada makes its next interest rate decision on January 29. So, it’s a pretty crucial time for the economy.
In other news, the federal Liberals are gearing up to announce a new leader on March 9. They’ve given potential candidates just two weeks to decide if they want to run. It’s a tight timeline, and the party is tightening the rules on who can vote in this leadership race.
Meanwhile, there’s some chatter about a new independent review body for Canada’s border agency. People are curious about how effective this watchdog will be in addressing complaints from travelers and immigration detainees.
And let’s not forget about the upcoming Untapped Talent Summit aimed at helping Canadians with disabilities find work. It’s a virtual event that’s all about connecting job seekers with employers and improving accessibility.
Lastly, some researchers at McGill University are trying to improve climate models for Africa by using 19th-century missionary records. It’s a unique approach to fill in the gaps in historical climate data.