Canada Unemployment Rate Yet to Reach Its Peak -- Market Talk

Dow Jones

Jan 04, 2025

1140 ET - Economists at Royal Bank of Canada expect Canada's unemployment rate to edge upward to 6.9% when labor-market data for December are issued late next week. "Canada's labor market likely continued to underperform a resilient U.S. one" in December, says economists at the bank. Canada's jobless rate shot upward in November, by 0.3 percentage point to 6.8%, as hiring by employers didn't keep pace with growth in the labor force. RBC believes aggressive rate cuts in H2 of 2024 will start to filter through to the broader economy and help stabilize the job market in 2025. And a scaleback in immigration intake should help slow the growth in the labor force. Still, slower hiring means the unemployment rate has yet to peak, RBC says. (paul.vieira@wsj.com, @paulvieira)

(END) Dow Jones Newswires

January 03, 2025 11:40 ET (16:40 GMT)

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Canada's jobless rate shot upward in November, by 0.3 percentage point to 6.8%, as hiring by employers didn't keep pace with growth in the labor force. RBC believes aggressive rate cuts in H2 of 2024 will start to filter through to the broader economy and help stabilize the job market in 2025. And a scaleback in immigration intake should help slow the growth in the labor force. Still, slower hiring means the unemployment rate has yet to peak, RBC says. 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Canada's jobless rate shot upward in November, by 0.3 percentage point to 6.8%, as hiring by employers didn't keep pace with growth in the labor force. RBC believes aggressive rate cuts in H2 of 2024 will start to filter through to the broader economy and help stabilize the job market in 2025. And a scaleback in immigration intake should help slow the growth in the labor force. Still, slower hiring means the unemployment rate has yet to peak, RBC says. (paul.vieira@wsj.com, @paulvieira) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 03, 2025 11:40 ET (16:40 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SKIS","symbol_name":"Peak Resorts, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2500146548","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2500146548","pubTimestamp":1735922400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1140 ET - Economists at Royal Bank of Canada expect Canada's unemployment rate to edge upward to 6.9% when labor-market data for December are issued late next week. \"Canada's labor market likely continued to underperform a resilient U.S. one\" in December, says economists at the bank. Canada's jobless rate shot upward in November, by 0.3 percentage point to 6.8%, as hiring by employers didn't keep pace with growth in the labor force. RBC believes aggressive rate cuts in H2 of 2024 will start to filter through to the broader economy and help stabilize the job market in 2025. And a scaleback in immigration intake should help slow the growth in the labor force. Still, slower hiring means the unemployment rate has yet to peak, RBC says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SKIS":"Peak Resorts, Inc."},"translate_title":"加拿大失业率尚未达到峰值——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SKIS":1},"content_text":"1140 ET - Economists at Royal Bank of Canada expect Canada's unemployment rate to edge upward to 6.9% when labor-market data for December are issued late next week. \"Canada's labor market likely continued to underperform a resilient U.S. one\" in December, says economists at the bank. Canada's jobless rate shot upward in November, by 0.3 percentage point to 6.8%, as hiring by employers didn't keep pace with growth in the labor force. RBC believes aggressive rate cuts in H2 of 2024 will start to filter through to the broader economy and help stabilize the job market in 2025. And a scaleback in immigration intake should help slow the growth in the labor force. Still, slower hiring means the unemployment rate has yet to peak, RBC says. (paul.vieira@wsj.com, @paulvieira) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 03, 2025 11:40 ET (16:40 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}