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Statistics Canada published Labour Force Survey for December 2022

On January 6, 2023, Statistics Canada published Labour Force Survey for December 2022, revealing a positive shift in the Canadian job market, with 104,000 new jobs. There was a slight decline in the unemployment rate, lowering to 5.0%, just below the recent historic low of 4.9% observed in June and July! In addition, Canada’s employment rates saw a dramatic uptick across multiple age groups, with people aged 15 to 24 gaining 69,000 jobs (+2.7%) and those 55 or older earning an additional 31,000 positions. In December, employment rose in Ontario, Alberta, British Columbia, Manitoba, Newfoundland and Labrador, and Saskatchewan, meanwhile remaining relatively steady in the other provinces.

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