Canada | Q2 2023
Quarterly Market Report

The latest job market news and trends – all in one place. Highlights from the Q2 2023 Quarterly Market Report include:

  • Canada’s job market stays resilient, unemployment rate holds at 5% for fifth consecutive month
  • Market volatility represented in the Canadian Staffing Index, which was down 12.7% versus March 2022 but up 15.7% month-over-month
  • Economists call for a delayed start to the anticipated downturn, which has been dubbed a ‘slowcession’ by credit rating firm Moody’s
  • The great debate and what the call back to the office looks like: hybrid is trending
  • “Quiet hiring” offers new ways to snag in-demand talent
  • Four-day workweek models
  • Case study: nearshoring is helping solve the talent gap and retention challenges

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

 

Download your copy of the Canada Quarterly Market Report

View Q2 2023 Report

Nirad Chaudhari, Managing Partner – Vaco Vancouver

“Economic uncertainty coupled with the talent deficit has triggered a couple of significant trends here in Canada. One of which is the changing profile of today’s outsourcing client. Organizations ranging from tech companies and law firms to engineering companies and CPA firms are keen on business process outsourcing and managed services.”

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