{"id":14437,"date":"2024-02-09T13:33:03","date_gmt":"2024-02-09T18:33:03","guid":{"rendered":"https:\/\/www.hiringlab.org\/en-ca\/?p=14437"},"modified":"2024-02-09T13:33:25","modified_gmt":"2024-02-09T18:33:25","slug":"january-lfs-starting-how-it-left-off","status":"publish","type":"post","link":"https:\/\/www.hiringlab.org\/en-ca\/2024\/02\/09\/january-lfs-starting-how-it-left-off\/","title":{"rendered":"January Labour Force Survey: Starting How It Left Off"},"content":{"rendered":"\n<p>The Canadian labour market kicked off 2024 in familiar fashion, continuing its gradual, but not dramatic, cooling. Employment posted a seemingly respectable increase (37,000), but once again job growth failed to match population growth. The result was a fourth consecutive downtick in the overall employment rate. In contrast to the lagging job numbers, the unemployment rate also edged lower, but only because of a slip in labour force participation. The still-low jobless rate suggests the labour market is in decent shape for now, but trending in the wrong direction.&nbsp;<\/p>\n\n\n\n<p>Details in the report were mixed. The composition of job growth didn\u2019t show great labour market health: on-net, gains only came from part-time positions, as well as the public sector. However, the news was more positive for hours worked, which posted their strongest monthly gain in a year after flatlining over the second half of 2023.&nbsp;<\/p>\n\n\n\n<p>Wage growth also maintained its recent trajectory, but unlike among employment figures, the trends for pay have been strong. Hourly earnings growth chugged ahead at a 5.3% year-over-year rate, once again out of step with the otherwise lackluster pace of the Canadian economy. It looks like the tug-of-war between wages and prices has continued to start the year. There was room for wages to somewhat catch up to prices after inflation popped in 2022, without much of a feedback loop. But if pay gains persist at this rate, inflation could linger higher than Canadians, and the Bank of Canada, hope.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Similar to late 2023, job growth lagged population growth while wage gains remained solid.<\/p>\n","protected":false},"author":103,"featured_media":14438,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"recruiter-hub-blocks.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[607],"post_mwm_category":[715],"post_topic":[],"post_content_type":[],"post_duration":[],"post_actions":[],"post_franchise":[],"post_mwm_author":[670],"class_list":["post-14437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_mwm_category-state-of-the-labour-market","post_mwm_author-bbernard"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>January Labour Force Survey: Starting How It Left Off - Indeed Hiring Lab Canada<\/title>\n<meta name=\"description\" content=\"Similar to late 2023, job growth lagged population growth while wage gains remained solid, per the January Labour Force Survey.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hiringlab.org\/en-ca\/2024\/02\/09\/january-lfs-starting-how-it-left-off\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"January Labour Force Survey: Starting How It Left Off - Indeed Hiring Lab Canada\" \/>\n<meta property=\"og:description\" content=\"Similar to late 2023, job growth lagged population growth while wage gains remained solid, per the January Labour Force Survey.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.hiringlab.org\/en-ca\/2024\/02\/09\/january-lfs-starting-how-it-left-off\/\" \/>\n<meta property=\"og:site_name\" content=\"Indeed Hiring Lab Canada\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-09T18:33:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-09T18:33:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.hiringlab.org\/en-ca\/wp-content\/uploads\/sites\/2\/2024\/02\/image-4.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"962\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Brendon Bernard\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.hiringlab.org\/en-ca\/2024\/02\/09\/january-lfs-starting-how-it-left-off\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.hiringlab.org\/en-ca\/2024\/02\/09\/january-lfs-starting-how-it-left-off\/\"},\"author\":{\"name\":\"ltheissen\",\"@id\":\"https:\/\/www.hiringlab.org\/en-ca\/#\/schema\/person\/4b5c7a64267b1cb495fb45e90277f353\"},\"headline\":\"January Labour Force Survey: Starting How It Left Off\",\"datePublished\":\"2024-02-09T18:33:03+00:00\",\"dateModified\":\"2024-02-09T18:33:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.hiringlab.org\/en-ca\/2024\/02\/09\/january-lfs-starting-how-it-left-off\/\"},\"wordCount\":252,\"image\":{\"@id\":\"https:\/\/www.hiringlab.org\/en-ca\/2024\/02\/09\/january-lfs-starting-how-it-left-off\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/d341ezm4iqaae0.cloudfront.net\/hiringlaborg\/sites\/2\/2024\/02\/02120608\/image-4.png\",\"keywords\":[\"Featured\"],\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.hiringlab.org\/en-ca\/2024\/02\/09\/january-lfs-starting-how-it-left-off\/\",\"url\":\"https:\/\/www.hiringlab.org\/en-ca\/2024\/02\/09\/january-lfs-starting-how-it-left-off\/\",\"name\":\"January Labour Force Survey: Starting How It Left Off - 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