👉Canada’s job vacancies have sharply declined, dropping to 551,000 in June from nearly one million during the COVID-19 pandemic, a 44.9% decrease over two years. Statistics Canada reports a 25.6% year-over-year drop in vacancies, with the job vacancy rate holding steady at 3.1%. The ratio of unemployed persons to job vacancies increased for the fifth consecutive month, signaling a cooling labor market. June saw 47,300 fewer Canadians employed, with significant job losses in retail, manufacturing, construction, and administrative sectors. Mining, quarrying, and oil and gas extraction was the only sector to report job growth, adding 2,500 positions.✅ . 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐞𝐟𝐟𝐨𝐫𝐭𝐥𝐞𝐬𝐬𝐥𝐲 𝐰𝐢𝐭𝐡 𝐊𝐚𝐦𝐚𝐥, 𝐲𝐨𝐮𝐫 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐆𝐓𝐀 𝐑𝐞𝐚𝐥𝐭𝐨𝐫. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟔𝟕𝟑-𝟑𝟓𝟏𝟔 𝐄𝐦𝐚𝐢𝐥: 𝐤𝐚𝐦𝐚𝐥@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @kamalpillai_realtor . . #CanadaJobs #LabourMarket #EmploymentTrends #JobVacancies #EconomyUpdate #Unemployment #JobMarket #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Canada's economy grew at an annualized rate of 2.1% in the second quarter, surpassing expectations, but growth per person declined for the fifth consecutive quarter. Statistics Canada's report highlighted gains in government spending, business investment, and household services, while exports, residential construction, and goods spending fell. Economic momentum weakened in June and likely remained flat in July. The Bank of Canada may reduce interest rates to 4.25% amid signs of economic fragility. Unemployment rose to 6.4% in July, with youth and recent immigrants hit hardest. Per-capita household spending dropped by 0.4% due to high interest rates and strong population growth.✅ . 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐞𝐟𝐟𝐨𝐫𝐭𝐥𝐞𝐬𝐬𝐥𝐲 𝐰𝐢𝐭𝐡 𝐊𝐚𝐦𝐚𝐥, 𝐲𝐨𝐮𝐫 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐆𝐓𝐀 𝐑𝐞𝐚𝐥𝐭𝐨𝐫. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟔𝟕𝟑-𝟑𝟓𝟏𝟔 𝐄𝐦𝐚𝐢𝐥: 𝐤𝐚𝐦𝐚𝐥@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @kamalpillai_realtor . . #CanadianEconomy #GDPGrowth #InterestRates #Unemployment #HouseholdSpending #BoC #EconomicOutlook #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Statistics Canada's July labour force survey reveals that students and recent immigrants are bearing the brunt of a weakening job market. The national unemployment rate remained steady at 6.4%, but the employment rate dipped slightly. Students aged 15-24 saw a sharp decline in employment, with only 51.3% employed, the lowest since 1997, excluding the pandemic. Recent immigrants face a staggering 12.6% unemployment rate, with youth unemployment rising to 22.8%. Despite these challenges, average hourly wages grew by 5.2%. The Bank of Canada remains concerned about the job market's impact on economic growth, hinting at potential interest rate cuts.✅ . 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐞𝐟𝐟𝐨𝐫𝐭𝐥𝐞𝐬𝐬𝐥𝐲 𝐰𝐢𝐭𝐡 𝐊𝐚𝐦𝐚𝐥, 𝐲𝐨𝐮𝐫 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐆𝐓𝐀 𝐑𝐞𝐚𝐥𝐭𝐨𝐫. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟔𝟕𝟑-𝟑𝟓𝟏𝟔 𝐄𝐦𝐚𝐢𝐥: 𝐤𝐚𝐦𝐚𝐥@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @kamalpillai_realtor . . #JobMarket #StudentEmployment #RecentImmigrants #Unemployment #StatCanData #CanadianEconomy #WageGrowth #mnm #malayalisnearmeapp #canadaupdate #canadanews