{"id":3245,"date":"2025-07-17T16:42:11","date_gmt":"2025-07-17T16:42:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/3245\/"},"modified":"2025-07-17T16:42:11","modified_gmt":"2025-07-17T16:42:11","slug":"trade-tensions-driving-shifts-in-canadian-labour-market-report","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/3245\/","title":{"rendered":"Trade tensions driving shifts in Canadian labour market: report"},"content":{"rendered":"<p>The Canadian-born workforce is also facing more pronounced challenges compared to newcomers, driving roughly 60% of the unemployment rate increase in the last year.<\/p>\n<p>Varying labour market trends can be seen among age groups as well. Late-career workers (aged 45-plus) are experiencing the most acute softening, accounting for nearly 40% of the unemployment rate increase since a year ago.<\/p>\n<p>Core career workers (aged 35-44) accounted for a quarter (25%), while early career workers (aged 15-24) contributed a slightly larger 31% to the increase. Early-to-mid career workers (aged 25-34), however, have contributed significantly less (9%) to the overall unemployment rate increase.<\/p>\n<p>Growing labour market weakness<\/p>\n<p>Canada\u2019s labour market softened in April, with <a href=\"https:\/\/www.hcamag.com\/ca\/specialization\/recruitment\/canadian-job-vacancies-slide-to-lowest-rate-since-2017-statcan\/540891\" target=\"_blank\" rel=\"nofollow noopener\">job vacancies<\/a> falling by 16,800\u2014or 3.2%\u2014to 501,300, marking the first notable monthly decline in nearly a year, according to StatCan. As a result, the national job vacancy rate dipped to 2.8%, down from 2.9% in March. That figure represents the lowest rate since October 2017, according to the report.<\/p>\n<p>\u201cGrowing labour market weakness among Canadian-born and core-to-late career-aged workers likely stems from the concentrated nature of industry-specific softness. Indeed, goods-producing sectors employ a disproportionately high share of late career-aged workers, making them particularly vulnerable to current economic headwinds,\u201d says Battaglia.<\/p>\n","protected":false},"excerpt":{"rendered":"The Canadian-born workforce is also facing more pronounced challenges compared to newcomers, driving roughly 60% of the unemployment&hellip;\n","protected":false},"author":2,"featured_media":3246,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[45,49,48,4284,100,4283,2442],"class_list":["post-3245","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-ca","tag-canada","tag-canadian-labour-market","tag-markets","tag-royal-bank-of-canada-rbc","tag-unemployment-rate"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/3245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=3245"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/3245\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/3246"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=3245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=3245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=3245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}