{"id":686075,"date":"2026-07-11T13:41:19","date_gmt":"2026-07-11T13:41:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/686075\/"},"modified":"2026-07-11T13:41:19","modified_gmt":"2026-07-11T13:41:19","slug":"canada-labour-market-steadying-with-modest-improvement-rbc","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/686075\/","title":{"rendered":"Canada: Labour market steadying with modest improvement \u2013 RBC"},"content":{"rendered":"<p>Royal Bank of Canada (RBC) economist Nathan Janzen notes that Canadian labour markets showed further signs of stabilisation in June, following a stronger improvement in May. Employment rose modestly, while per-worker conditions improved and the unemployment rate edged down to 6.5%. Janzen highlights softer population growth, firmer economic data and lower U.S. tariff <a href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">rates<\/a> as supporting factors, and expects further unemployment declines later in 2026.<\/p>\n<p>Labour data supports gradual recovery view<\/p>\n<p>&#8220;Canadian labour markets showed further signs of steadying in June after a larger improvement in May.&#8221;<\/p>\n<p>&#8220;The employment increase itself in June (+18k) left the measure still down 6k on net for the year.&#8221;<\/p>\n<p>&#8220;But we continue to think that slower employment gains should be expected given a sharp slowing in Canadian population growth.&#8221;<\/p>\n<p>&#8220;Critically, controlling for changes in the demographic backdrop, per-worker labour market conditions held onto a larger-than-expected improvement in May with the unemployment rate edging down to 6.5% in June from 6.6% the prior month, led by a pullback in the youth unemployment rate on an improved summer job market.&#8221;<\/p>\n<p>&#8220;Against that backdrop, the June labour market data is broadly consistent with our own base-case that Canada&#8217;s economy is broadly still improving on a per-person and per-worker basis and we continue to look for the unemployment rate to edge down further over the second half of the year.&#8221;<\/p>\n<p>(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. <a href=\"https:\/\/www.fxstreet.com\/info\/how-fxstreet-uses-ai?utm_medium=internal&amp;utm_source=ai-disclaimer\" rel=\"nofollow noopener\" target=\"_blank\">Know more.<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"Royal Bank of Canada (RBC) economist Nathan Janzen notes that Canadian labour markets showed further signs of stabilisation&hellip;\n","protected":false},"author":2,"featured_media":665815,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-686075","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/686075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=686075"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/686075\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/665815"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=686075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=686075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=686075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}