Canada Labor Shortage Intensifies As Unemployment Hits All Time Low

[Economy 52,845]

https://financialpost.com/news/economy/canadas-jobless-rate-drops-to-a-record-low-of-4-9-what-you-need-to-know

 

Canada's Unemployment hit an all-time historic low last month (based on tracking methods that began in 1970s) of 4.9%

 

Using US methodology that is an unemployment rate of 3.9%.

 

Wages are also now rising at an annual rate of almost 6% although that is still 2% below the 8% rate of inflation 

 

Down South in USA unemployment is even lower at 3.6% although factoring in a slightly higher participation rate in Canada, both Nations have an employment rate that is currently roughly equal

[Economy 52,845]

North America has a major advantage over Europe with what's been going on...

 

Our energy has not gotten as expensive as in Europe (both electricity and Natural Gas) and both Canada and the US have large natural gas and oil industries so the benefits in those sectors offset some of the overall economic harm (tho not even close to entirely)

 

Unfortunately if Europe goes down so will we since despite a hot economy as we may weaken soon as it is because inflation is really straining people's budgets