There was a decline in employment in November and December of 27,600 positions last year that had economists at the Royal Bank of Canada worried for 2015. Still, their initial speculation for early 2015 was a 5,000 gain in jobs since the country’s unemployment rate decreased from 6.7% to 6.6% in December, a strong tenth of a percent.
The market outlook for Canada is liable to fluctuate considering the mixed review of the labor market. An increase in overall job availability means a positive year for the labor market, even if the employment is more prominently centered around part-time employment and entrepreneurial activity.
