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Economy has ‘weakened:’ Economist on unemployment hitting six-month high (www.ctvnews.ca)
submitted 10 hours ago by to c/canada@lemmy.ca
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OTTAWA — Some economists are getting worried that a string of job losses in recent months is revealing cracks in the labour market.

Statistics Canada said Friday that the unemployment rate rose two tenths of a point to 6.7 per cent in October. The labour market shed 4,700 jobs last month, the agency said, and more people were also looking for work.

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[–] 6 points 10 hours ago (1 child)

Gee...perhaps if the MB Cons hadn't stopped the Dauphin UBI experiment early we would've been able to see that that would solve a lot of issues we are seeing right now, namely, providing people with purchasing power so our economy doesn't just grind to a halt.

but nooooo we can't have long term benefits if it'll mean a bit more spending in the short term. ugh. The answer is right fucking there

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  • [–] [S] 1 point 4 hours ago

    Hi. disabled person here. I can throw every government in Canada farther than I trust them when it comes to actually maintaining my standard of living. And I've lived through my own government doing exactly that.

    At best, government support like UBI or disability payments is trauma. You're better off doing for yourself as much as you're able.

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    • [–] 3 points 9 hours ago

    Elbows up

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    [–] 5 points 9 hours ago

    Unemployment was 7.1% in August 2025 so we've weathered the tariffs quite well since then really.

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    [–] 2 points 3 hours ago

    Just FYI, Reddit is aggressively pushing a lot of misinformation through /r/CanadianVisaReform, and frankly the NDP and PCs are echoing and it's pissing me off.

    Namely, the "youth unemployment crisis", which isn't. Youth unemployment is at exactly the average level it has been for 50 years. There are a few periods where it was lower, just pre-2008, 2022, and a few others.

    Despite all the vitriol, Canada's unemployment numbers are in completely normal historical ranges.

    Now, that isn't to dismiss the cost of living situation, which yes, we should improve and we should fight for higher Canadian wages.

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