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MNI INTERVIEW-Canada Job Mkt May Get Even Hotter: Indeed Econ

(MNI) Ottawa
(MNI)

Job site's postings are up 70% this year and people are landing higher-paying jobs.

Canada's record-low unemployment rate could inch down further to provide an even bigger cushion against any hard landing in other parts of the economy, Indeed economist and former finance department researcher Brendon Bernard told MNI.

Low layoff rates, a 70% jump in postings on the job service's Canadian site this year and faster wage gains indicate momentum as the economy faces a potential drag from higher central bank borrowing costs, he said.

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Canada's record-low unemployment rate could inch down further to provide an even bigger cushion against any hard landing in other parts of the economy, Indeed economist and former finance department researcher Brendon Bernard told MNI.

Low layoff rates, a 70% jump in postings on the job service's Canadian site this year and faster wage gains indicate momentum as the economy faces a potential drag from higher central bank borrowing costs, he said.

Keep reading...Show less