labor market

Canada - The Canadian unemployment rate jumped to 5.2% in May 2023, after holding at 5% for the previous five months, above market expectations of 5.1% to represent the first monthly increase in the unemployment rate since August 2022. The figures revealed that the Canadian labor market is now yielding to the Bank of Canada's increased interest…

United States of America-- As troubling labor data continues to plague the construction industry everyone has begun to get creative and learn to adapt to the now evolved and never seen before labor and employee markets. The recent jobs report is a example of the ever tricky labor number interpretations. …