Quarterly Report
Canada Quarterly Market Report

The latest job market news and trends – all in one place. Highlights from the Q3 2022 Quarterly Market Report include:

  • Canada Labour Force Survey: Employment rose by 40,000 (+0.2%) in May and the unemployment rate edged down to 5.1%. Total hours worked were little changed, but were up 5.1% compared with 12 months earlier.
  • Canadian Staffing Industry Indicator: The Canadian staffing index rose 3.3% in April on a year-over-year basis to a reading of 95.
  • Canadian Worker Confidence: According to the latest Indeed Job Search Survey, Canadian jobseekers are increasingly confident that they could find a new job within the next month.
  • Data Privacy: “If I'm a company today, I'm thinking about how data is collected, stored and applied in the organization, and how [new] regulations might impact that.”

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"The employment climate in Canada is still a hot one, particularly in technology, driving continued confidence from the labour force. Employees remain in the driver's seat. But as the threat of a recession looms, we expect we may see a softening of employee demands as the supply and demand equation sways. What will be interesting, though, is how far the pendulum swings back in favor of the employer. We need to strike a new middle ground that we have not seen in quite some time.”

Sean Bartunek | Managing Partner, Associé Directeur General – Vaco Canada