Statistics Canada Released Labor Market Survey for November 2023

In November, there was a slight uptick in employment by 25,000, resulting in a decrease in the employment rate to 61.8%, as population growth exceeded the growth in employment. The unemployment rate rose to 5.8%, continuing its upward trajectory.

The manufacturing and construction sectors witnessed growth, while the wholesale and retail trade, along with the finance sectors, saw declines. Employment increased in New Brunswick but declined in Prince Edward Island, with minimal changes in other provinces. St. Catharines–Niagara and Oshawa experienced the most notable increases in the unemployment rate.

Total work hours saw a decrease of 0.7%, although average hourly wages rose by 4.8% year-over-year. Recent immigrants encountered challenges in finding employment that aligned with their credentials or overseas experience.