The latest job market news and trends – all in one place. Highlights from the Q1 2023 Quarterly Market Report include:

• Canada Labour Force Survey: In January, employment increased by 150,000 (+0.8%), and the unemployment rate held steady at 5.0%.
• Recession Watch 2023: “We saw a blip in hiring for a couple of months towards the very end of last year but it’s right back up at the start of the year. We are seeing demand for both direct hire and contract staff. Companies are being cautious, but it’s incredibly difficult to find good people so they’re still making hires when they can find them,” said Tom Turpin, Vaco Executive Partner.
• Canadian Inflation: Canada's annual inflation rate eased more than expected in January to 5.9%, which should allow the Bank of Canada to keep interest rates steady at its next meeting in March while it lets previous rate hikes sink in.
• Canadian Job Market 2023: Job adds, wage growth, and retirement and immigration top the trends we’re tracking at the start of 2023.

These headlines and more — coupled with critical insights from Vaco leadership.