Job Market Trends: Low Unemployment Rates
Over the past few months, the unemployment rate in Ontario – and across most of the country – has held at about 5%. [1] 5% is considered especially low — Canada has averaged an unemployment rate of about 7.6% from 1966 – 2023, seeing it’s highest unemployment rate at 13.7% in May 2020. [2] Sometimes a low unemployment rate means that fewer jobless people are actively seeking work, however this doesn’t appear to be the […]
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