Job seekers having a hard time finding work

September 17, 2023

The time when job seekers had the upper hand when it comes to the Canadian job market is a thing of the past, according to Statistics Canada’s Labour Force survey.

Among those who were unemployed in July, 57.8 per cent (three-month moving average, not seasonally adjusted) remained unemployed in August.

This number was up from 53.4 per cent 12 months earlier.

“This increase suggests that job seekers may have faced more difficulties finding employment compared with a year earlier,” said StatCan.

As of July 14, total Canadian job postings on Indeed were down 27 per cent from their early May 2022 peak. And 54 per cent of employed job seekers believe it will be difficult to find a job in the next six months, according to a separate report from Express Employment Professionals released last month.

Source: HR Reporter