You’re right, the job market is a big factor in all Canadian provinces. Here’s a quick rundown of the current situation (as of February 2024):
- Job growth is slowing down: Canada is still adding jobs, but at a slower pace than the growth in the labor force. This means the unemployment rate is going up slightly. National: http://www.canada.online-listing.com/news/blogger/2024/03/06/canada-real-estate-is-booming-in-provinces/
- It might become an employer’s market: With more people looking for work than there are new jobs, workers may have less leverage in negotiations. National: https://globalnews.ca/tag/canadian-business/
- There are bright spots: Some sectors are still hiring strong, like accommodation and food services, and professional/scientific/technical services. Moving2Canada: https://moving2canada.com/work/
- Wages are going up: But it’s mostly to keep pace with inflation, not because of a booming job market. Moving2Canada: https://moving2canada.com/work/
Here are some resources to learn more about the job market in Canada:
- Job Bank: Search for jobs, explore careers, and see trends Job Bank: https://www.jobbank.gc.ca/home
- Statistics Canada: See labor statistics by province Labour Statistics: http://www.canada.online-listing.com/news/blogger/2024/03/06/canada-real-estate-is-booming-in-provinces/
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