{"id":247459,"date":"2025-06-11T12:26:16","date_gmt":"2025-06-11T16:26:16","guid":{"rendered":"https:\/\/prepareforcanada.com\/?p=247459"},"modified":"2025-08-22T10:47:46","modified_gmt":"2025-08-22T14:47:46","slug":"canada-job-market-report-latest-stats-trends","status":"publish","type":"post","link":"https:\/\/prepareforcanada.com\/blog\/working\/job-search\/canada-job-market-report-latest-stats-trends","title":{"rendered":"Canada Job Market Report: Latest Stats &amp; Trends (MAY 2025)"},"content":{"rendered":"\n\n<section id=\"\" class=\"bg-transparent \" style=\" padding-top: 0px; padding-bottom: 30px;\">\n        <div class=\"container relative z-10\">\n        <div class=\"acf-innerblocks-container\">\n\n<p>The May 2025 Canada job market report reveals a second consecutive month of modest employment growth alongside a rising unemployment rate. For people soon to arrive or recently arrived in Canada, knowing how the job market is performing will help you prepare to join the workforce. Discover growth sectors, unemployment rates, and job market performance.<\/p>\n\n<\/div>\n    <\/div>\n<\/section>\n\n\n\n<section id=\"\" class=\"bg-transparent \" style=\" padding-top: 0px; padding-bottom: 30px;\">\n        <div class=\"container relative z-10\">\n        <div class=\"acf-innerblocks-container\">\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-changes-in-the-canadian-job-market-by-sector\">Changes in the Canadian Job Market by Sector<\/h2>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>According to <a href=\"https:\/\/www150.statcan.gc.ca\/n1\/daily-quotidien\/250606\/dq250606a-eng.htm\" target=\"_blank\" rel=\"noreferrer noopener\">Statistics Canada<\/a>, the job market showed little growth, adding only 8,800 jobs in May, with little change since April.<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>More employees were hired in the private sector, while hiring declined in the public sector. This decline offset the high (and temporary) public sector hiring in the previous month for the federal election.<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Wholesale and retail trade, part of the service sector, led gains by adding 43,000 jobs, indicating a recovery in demand for goods and services. The information, culture, and recreation sector gained 19,000 jobs. <\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"600\" src=\"https:\/\/prepareforcanada.com\/wp-content\/uploads\/2025\/05\/Job-Market-Report-May-2025-Image-2-.jpg\" alt=\"A retail store manager is using a digital tablet to monitor inventory and merchandise.\" class=\"wp-image-251510\" style=\"width:625px\" srcset=\"https:\/\/2024-rd-staging.nyc3.cdn.digitaloceanspaces.com\/2024-prepare-for-canada\/2025\/05\/10175122\/Job-Market-Report-May-2025-Image-2-.jpg 900w, https:\/\/2024-rd-staging.nyc3.cdn.digitaloceanspaces.com\/2024-prepare-for-canada\/2025\/05\/10175122\/Job-Market-Report-May-2025-Image-2--512x341.jpg 512w, https:\/\/2024-rd-staging.nyc3.cdn.digitaloceanspaces.com\/2024-prepare-for-canada\/2025\/05\/10175122\/Job-Market-Report-May-2025-Image-2--768x512.jpg 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><figcaption class=\"wp-element-caption\"><em>The wholesale and retail trade sector led gains in Canada&#8217;s job market.<\/em><\/figcaption><\/figure>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-sectors-that-saw-job-gains-in-may\">Sectors that saw job gains in May:<\/h4>\n\n<\/div>\n    <\/div>\n<\/section>\n\n\n\n<section id=\"\" class=\"bg-off-white \" style=\" padding-top: 10px; padding-bottom: 10px;\">\n        <div class=\"container relative z-10\">\n        <div class=\"acf-innerblocks-container\">\n\n<ul class=\"wp-block-list\">\n<li>Wholesale and retail trade (+43,000; +1.5%)<\/li>\n\n\n\n<li>Information, culture and recreation (+19,000; +2.3%)<\/li>\n\n\n\n<li>Finance, insurance, real estate, rental and leasing&nbsp;(+12,000; +0.8%)<\/li>\n\n\n\n<li>Utilities (+4,900; +3.1%).<\/li>\n<\/ul>\n\n<\/div>\n    <\/div>\n<\/section>\n\n\n\n<section id=\"\" class=\"bg-transparent \" style=\" padding-top: 30px; padding-bottom: 30px;\">\n        <div class=\"container relative z-10\">\n        <div class=\"acf-innerblocks-container\">\n\n<p>Job gains were offset by declines in manufacturing and temporary government jobs from April. Manufacturing continues to face uncertainty due to tariffs on exports to the United States.<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>These sectors also saw job losses: <\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Public administration (-32,000; -2.5%)<\/li>\n\n\n\n<li>Accommodation and food service (-16,000; -1.4%)<\/li>\n\n\n\n<li>Transportation and warehousing (-16,000; -1.4%)<\/li>\n\n\n\n<li>Business, building, and other support services (-15,000; -2.1%)<\/li>\n<\/ul>\n\n<\/div>\n    <\/div>\n<\/section>\n\n\n\n<section id=\"\" class=\"bg-transparent \" style=\" padding-top: 0px; padding-bottom: 30px;\">\n        <div class=\"container relative z-10\">\n        <div class=\"acf-innerblocks-container\">\n\n<h4 class=\"wp-block-heading\" id=\"h-job-growth-or-decline-by-industry-may-2025\"><em>Job Growth or Decline by Industry: <a href=\"https:\/\/www150.statcan.gc.ca\/n1\/daily-quotidien\/250606\/t006a-eng.htm\" target=\"_blank\" rel=\"noreferrer noopener\">May 2025<\/a><\/em><\/h4>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>SECTOR<\/th><th>% CHANGE<br>APR TO MAY 2025<\/th><\/tr><\/thead><tbody><tr><td>Agriculture<\/td><td>-6.1<\/td><\/tr><tr><td>Natural Resources<\/td><td>-3.6<\/td><\/tr><tr><td>Utilities<\/td><td>4.3<\/td><\/tr><tr><td>Construction <\/td><td>-3.3<\/td><\/tr><tr><td>Manufacturing<\/td><td>-15.2<\/td><\/tr><tr><td>Wholesale &amp; Retail Trade<\/td><td>6.8<\/td><\/tr><tr><td>Transportation &amp; Warehousing<\/td><td>-0.8<\/td><\/tr><tr><td>Finance, Insurance, Real Estate, <br>Rental &amp; Leasing<\/td><td>2.4<\/td><\/tr><tr><td>Professional, Scientific and Technical Services<\/td><td>4.3<\/td><\/tr><tr><td>Business, Building &amp; Other Support Services<\/td><td>2.8<\/td><\/tr><tr><td>Educational Services<\/td><td>-1.4<\/td><\/tr><tr><td>Health Care &amp; Social Assistance<\/td><td>-0.6<\/td><\/tr><tr><td>Accommodation &amp; Food Services<\/td><td>5.6<\/td><\/tr><tr><td>Other Services (Except Public Administration)<\/td><td>-22.6<\/td><\/tr><tr><td>Public Administration<\/td><td>0.0<\/td><\/tr><\/tbody><\/table><\/figure>\n\n<\/div>\n    <\/div>\n<\/section>\n\n\n\n<section id=\"\" class=\"bg-transparent \" style=\" padding-top: 30px; padding-bottom: 30px;\">\n        <div class=\"container relative z-10\">\n        <div class=\"acf-innerblocks-container\">\n\n    <section id=\"\" class=\"\">\n        <iframe class=\"w-full mx-auto aspect-video\" style=\"max-width: 900px;\" src=\"https:\/\/www.youtube.com\/embed\/_clyE6Smw7Y\" loading=\"lazy\"><\/iframe>\n    <\/section>\n\n\n<\/div>\n    <\/div>\n<\/section>\n\n\n<p><\/p>\n\n\n\n\n<section id=\"\" class=\"bg-transparent \" style=\" padding-top: 0px; padding-bottom: 0px;\">\n        <div class=\"container relative z-10\">\n        <div class=\"acf-innerblocks-container\">\n\n<h4 class=\"wp-block-heading\" id=\"h-unemployment-rate-by-province\">Unemployment Rate by Province<\/h4>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"600\" src=\"https:\/\/prepareforcanada.com\/wp-content\/uploads\/2025\/05\/Job-Market-Report-May-2025-Image-3-1-1.jpg\" alt=\"A map of Canada that shows the provincial unemployment rates from the May 2025 job report.\" class=\"wp-image-251547\" style=\"width:625px\" srcset=\"https:\/\/2024-rd-staging.nyc3.cdn.digitaloceanspaces.com\/2024-prepare-for-canada\/2025\/05\/11120652\/Job-Market-Report-May-2025-Image-3-1-1.jpg 900w, https:\/\/2024-rd-staging.nyc3.cdn.digitaloceanspaces.com\/2024-prepare-for-canada\/2025\/05\/11120652\/Job-Market-Report-May-2025-Image-3-1-1-512x341.jpg 512w, https:\/\/2024-rd-staging.nyc3.cdn.digitaloceanspaces.com\/2024-prepare-for-canada\/2025\/05\/11120652\/Job-Market-Report-May-2025-Image-3-1-1-768x512.jpg 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/figure>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n<\/div>\n    <\/div>\n<\/section>\n\n\n\n<section id=\"\" class=\"bg-transparent \" style=\" padding-top: 30px; padding-bottom: 30px;\">\n        <div class=\"container relative z-10\">\n        <div class=\"acf-innerblocks-container\">\n\n<h4 class=\"wp-block-heading\" id=\"h-unemployment-rates-by-city\">Unemployment Rates by City:<\/h4>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>CITY<br><\/th><th>MAY UNEMPLOYMENT <br>% RATE CHANGE<br>(April in Brackets)<\/th><\/tr><\/thead><tbody><tr><td>CANADA<\/td><td>7.0 (6.9)<\/td><\/tr><tr><td>Barrie, Ontario <\/td><td>8.4 (8.2)<\/td><\/tr><tr><td>Calgary, Alberta<\/td><td>7.8 (7.4)<\/td><\/tr><tr><td>Edmonton, Alberta<\/td><td>7.3 (7.3)<\/td><\/tr><tr><td><a href=\"https:\/\/prepareforcanada.com\/nova-scotia\/halifax\/living-in-halifax-nova-scotia\">Halifax, Nova Scotia<\/a><\/td><td>5.6 (5.6)<\/td><\/tr><tr><td>Hamilton, Ontario<\/td><td>6.7 (7.0)<\/td><\/tr><tr><td>Kitchener-Cambridge-Waterloo, Ontario<\/td><td>7.3 (7.8)<\/td><\/tr><tr><td>London, Ontario<\/td><td>6.9 (6.4)<\/td><\/tr><tr><td>Ottawa, Ontario<\/td><td>5.8 (5.4)<\/td><\/tr><tr><td><a href=\"https:\/\/prepareforcanada.com\/saskatchewan\/saskatoon\/living-in-saskatoon-saskatchewan\">Saskatoon, Saskatchewan<\/a><\/td><td>4.6 (4.9)<\/td><\/tr><tr><td><a href=\"https:\/\/prepareforcanada.com\/ontario\/sudbury\/living-in-sudbury-ontario\">Sudbury, Ontario<\/a><\/td><td>5.3 (5.2)<\/td><\/tr><tr><td>Toronto, Ontario<\/td><td>8.8 (8.6)<\/td><\/tr><tr><td>Vancouver, British Columbia<\/td><td>6.4 (6.7) <\/td><\/tr><tr><td>Windsor, Ontario<\/td><td>10.8% (10.7)<\/td><\/tr><tr><td>Winnipeg, Manitoba<\/td><td>5.9 (5.6)<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><em>Unemployment rate by city, May 2025. Source: <a href=\"https:\/\/www150.statcan.gc.ca\/n1\/daily-quotidien\/250606\/t009a-eng.htm\" target=\"_blank\" rel=\"noreferrer noopener\">Statistics Canada<\/a><\/em><\/figcaption><\/figure>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>The unemployment rate reached 10.8% in Windsor, Ontario, where the automotive industry accounts for 43.1% of manufacturing employment. The trade war is hitting export-dependent sectors harder. The automotive sector is mainly located in Ontario&#8217;s manufacturing heartland.<\/p>\n\n<\/div>\n    <\/div>\n<\/section>\n\n\n<section class=\"rounded-btn border-b-2 border-light-grey bg-off-white lg:grid lg:grid-cols-3 gap-2\">\n    <article class=\"lg:col-span-2 flex flex-col gap-4 p-6 lg:p-12\">\n        <h3 class=\"text-2xl\">Working in Canada | How To Get Your First Job In Canada<\/h3>\n        <p>Are you moving to Canada soon or already here? Do you need to find a job? Would you like to find good resources for finding employment in Canada? If so, join us for a free webinar where you can ask an expert your questions. We&#8217;ll discuss what you can do to make yourself more marketable to potential employers.<\/p>\n                    <a class=\"flex flex-row w-fit gap-2 rounded-btn btn-secondary p-5 transition ease-in-out text-lg font-bold\"\n               href=\"https:\/\/prepareforcanada.com\/webinars\/working-webinar\">REGISTER FOR THE WEBINAR                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"28\" height=\"28\" viewBox=\"0 0 28 28\" fill=\"none\">\n                    <path\n                        d=\"M13.1752 20.175L14.8248 21.8247L22.6497 13.9999L14.8248 6.17505L13.1752 7.82472L18.1837 12.8332H7V15.1665H18.1837L13.1752 20.175Z\"\n                        fill=\"white\"\/>\n                <\/svg>\n            <\/a>\n            <\/article>\n    <div class=\"relative lg:col-span-1\">\n                    <video src=\"https:\/\/2024-rd-staging.nyc3.cdn.digitaloceanspaces.com\/2024-prepare-for-canada\/2025\/01\/18123717\/Working_in_Canada_webinar_for_newcomers.mp4\" autoplay loop playsinline muted\n                   class=\"absolute inset-0 h-full w-full object-cover rounded-3xl\"><\/video>\n            <\/div>\n<\/section>\n\n\n\n<section id=\"\" class=\"bg-transparent \" style=\" padding-top: 30px; padding-bottom: 30px;\">\n        <div class=\"container relative z-10\">\n        <div class=\"acf-innerblocks-container\">\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"600\" src=\"https:\/\/prepareforcanada.com\/wp-content\/uploads\/2025\/05\/Job-Market-Report-May-2025-Image-6-.jpg\" alt=\"Vancouver, British Columbia downtown district. The job market report revealed that British Columbia gained 13,000 jobs, but unemployment rose by 0.2% to 6.4%.\" class=\"wp-image-251513\" style=\"width:625px\" srcset=\"https:\/\/2024-rd-staging.nyc3.cdn.digitaloceanspaces.com\/2024-prepare-for-canada\/2025\/05\/10184159\/Job-Market-Report-May-2025-Image-6-.jpg 900w, https:\/\/2024-rd-staging.nyc3.cdn.digitaloceanspaces.com\/2024-prepare-for-canada\/2025\/05\/10184159\/Job-Market-Report-May-2025-Image-6--512x341.jpg 512w, https:\/\/2024-rd-staging.nyc3.cdn.digitaloceanspaces.com\/2024-prepare-for-canada\/2025\/05\/10184159\/Job-Market-Report-May-2025-Image-6--768x512.jpg 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><figcaption class=\"wp-element-caption\"><em>British Columbia saw a gain of 13,000 jobs in May.<\/em><\/figcaption><\/figure>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-highlights-from-the-may-2025-canada-job-market-report\">Highlights from the May 2025 Canada Job Market Report <\/h2>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The wholesale and retail trade sector led job growth, rebounding from losses in March and April.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Manufacturing saw the greatest employment losses among goods-producing industries.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Employment rose in British Columbia (+13,000; +0.4%), Nova Scotia (+11,000; +2.1%), and New Brunswick (+7,600; +1.9%).<\/li>\n<\/ul>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Employment decreased in Quebec (-17,000; -0.4%), Manitoba (-5,800; -0.8%), and Prince Edward Island (9-2,700; -2.9%).<\/li>\n<\/ul>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Employment was almost unchanged in Ontario in May following declines totalling 62,000 (-0.8%) over the previous two months. The unemployment rate stood at 7.9% with little change from April.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The highest unemployment rates in Southern Ontario were in Windsor (10.8%), Oshawa (9.1%), and Toronto (8.8%).<\/li>\n<\/ul>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n<\/div>\n    <\/div>\n<\/section>\n\n\n\n<section id=\"\" class=\"bg-transparent \" style=\" padding-top: 0px; padding-bottom: 30px;\">\n        <div class=\"container relative z-10\">\n        <div class=\"acf-innerblocks-container\">\n\n<h2 class=\"wp-block-heading\" id=\"h-economist-predictions-for-the-canadian-job-market\">Economist Predictions for the Canadian Job Market<\/h2>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Economists expect the softening job market could persist through the summer in an uncertain trade war.<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Derek Holt, <a href=\"https:\/\/www.scotiabank.com\/ca\/en\/about\/economics\/our-economists\/derek-holt.html\" target=\"_blank\" rel=\"noreferrer noopener\">Scotiabank\u2019s vice president and head of capital markets economics<\/a>, said \u201cI\u2019m shocked that Canada\u2019s job market was so strong last month. First, almost everyone was expecting a negative and we got a modest gain of 8,800 jobs. <\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Second, the gain was despite getting the expected drop in public administration jobs that largely reflected the unwinding of the election effect from the prior month. Public admin jobs fell by 32.2k which is consistent with the past half dozen elections. So, take that out, and underlying job growth was up by 41k. That\u2019s a strong reading.&#8221;<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Doug Porter, Bank of Montreal chief economist, said, &#8220;Overall, our ranking gives this report a passing grade, largely due to the strength in private sector and full-time jobs, but the persistent rise in the jobless rate is a loud warning bell.&#8221;<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Claire Fan, senior economist at Royal Bank of Canada, stated &#8220;Overall, the data is consistent with our view that the labour market is softening, but not collapsing. We expect trade disruptions will keep acting as headwinds, but think further deterioration will be contained with the unemployment rate peaking at levels slightly above May 7.0% reading.&#8221;<\/p>\n\n<\/div>\n    <\/div>\n<\/section>\n\n\n\n<section id=\"\" class=\"bg-transparent \" style=\" padding-top: 0px; padding-bottom: 30px;\">\n        <div class=\"container relative z-10\">\n        <div class=\"acf-innerblocks-container\">\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"600\" src=\"https:\/\/prepareforcanada.com\/wp-content\/uploads\/2025\/03\/Job-Market-Report-April-2025-Image-2.jpg\" alt=\"A male construction worker is working on a steel bridge. Tariffs on steel and aluminum are creating uncertainly in Canada's job market. \" class=\"wp-image-249396\" style=\"width:625px\" srcset=\"https:\/\/2024-rd-staging.nyc3.cdn.digitaloceanspaces.com\/2024-prepare-for-canada\/2025\/03\/24192131\/Job-Market-Report-April-2025-Image-2.jpg 900w, https:\/\/2024-rd-staging.nyc3.cdn.digitaloceanspaces.com\/2024-prepare-for-canada\/2025\/03\/24192131\/Job-Market-Report-April-2025-Image-2-300x200.jpg 300w, https:\/\/2024-rd-staging.nyc3.cdn.digitaloceanspaces.com\/2024-prepare-for-canada\/2025\/03\/24192131\/Job-Market-Report-April-2025-Image-2-768x512.jpg 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><figcaption class=\"wp-element-caption\"><em>The United States is applying a 50% tariff on steel and aluminum imports from Canada.<\/em><\/figcaption><\/figure>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-tariffs-are-impacting-the-labour-market\">Tariffs are Impacting the Labour Market<\/h2>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>In March, the Donald Trump U.S. administration put tariffs on goods imported from Canada, like steel and aluminum. This action continues to create uncertainty for Canadian businesses and the job market.<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Trade tensions are discouraging investment, and a lack of business confidence will impact hiring.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-shifting-immigration-policy\">Shifting Immigration Policy<\/h2>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Canada&#8217;s labour market will face added pressure due to a shift in policy where immigration targets were lowered for 2025 &#8211; 2027. However, the <a href=\"https:\/\/prepareforcanada.com\/immigrating\/canada-new-liberal-government-immigration\">newly elected Liberal government<\/a> is committed to ensuring immigration changes benefit the economy and jobs. The government will focus on a balanced immigration approach while maintaining Canada&#8217;s reputation as a welcoming nation.<\/p>\n\n<\/div>\n    <\/div>\n<\/section>\n\n\n\n<section id=\"\" class=\"bg-transparent \" style=\" padding-top: 0px; padding-bottom: 30px;\">\n        <div class=\"container relative z-10\">\n        <div class=\"acf-innerblocks-container\">\n\n<h2 class=\"wp-block-heading\" id=\"h-interest-rates-inflation-and-the-canada-job-market\">Interest Rates, Inflation, and the Canada Job Market<\/h2>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>On June 4, the&nbsp;<a href=\"https:\/\/www.bankofcanada.ca\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bank of Canada<\/a> (BoC)&nbsp;held its interest rate at 2.75%. Many economists predict an interest rate cut in July to stimulate employment and economic growth amid global uncertainties. <\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>BoC aims to keep inflation close to 2%. Inflation dropped to 1.7% in April, down from 2.3% in March. The drop was due to lower energy and gas prices.d<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Experts predicted inflation would rise in the short term during the trade war. However, the Bank of Canada warns that a lengthy trade war will cause economic damage and may lead to job losses due to layoffs.<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Key factors driving Canada\u2019s recent steady job growth have been lower inflation, interest rates, and a drop in international students and temporary foreign workers.<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><\/p>\n\n<\/div>\n    <\/div>\n<\/section>\n\n\n\n<section id=\"\" class=\"bg-transparent \" style=\" padding-top: 0px; padding-bottom: 0px;\">\n        <div class=\"container relative z-10\">\n        <div class=\"acf-innerblocks-container\">\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"600\" src=\"https:\/\/prepareforcanada.com\/wp-content\/uploads\/2025\/03\/Job-Market-Report-April-4.png\" alt=\"Two men and two women in a line receive information packages from a woman at a job market fair\" class=\"wp-image-249192\" style=\"width:625px\" srcset=\"https:\/\/2024-rd-staging.nyc3.cdn.digitaloceanspaces.com\/2024-prepare-for-canada\/2025\/03\/23112646\/Job-Market-Report-April-4.png 900w, https:\/\/2024-rd-staging.nyc3.cdn.digitaloceanspaces.com\/2024-prepare-for-canada\/2025\/03\/23112646\/Job-Market-Report-April-4-300x200.png 300w, https:\/\/2024-rd-staging.nyc3.cdn.digitaloceanspaces.com\/2024-prepare-for-canada\/2025\/03\/23112646\/Job-Market-Report-April-4-768x512.png 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><figcaption class=\"wp-element-caption\"><em>Newcomers must pay attention to job market outlooks and hiring trends. <\/em><\/figcaption><\/figure>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-key-takeaways\">Key Takeaways<\/h2>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Understanding job market trends is crucial for newcomers seeking to enter Canada&#8217;s job market. Newcomers must pay attention to how tariffs, inflation, and interest rates will affect the short- and long-term job market. <\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>With a changing job market, it&#8217;s vital to know how your specific industry and occupation will be affected. <a href=\"https:\/\/prepareforcanada.com\/working\/career-pathways\" target=\"_blank\" rel=\"noreferrer noopener\">Researching job prospects for your profession<\/a>&nbsp;will make it easier to continue your career in Canada.<\/p>\n\n<\/div>\n    <\/div>\n<\/section>","protected":false},"excerpt":{"rendered":"","protected":false},"author":6,"featured_media":251509,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[297],"tags":[348],"class_list":["post-247459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-job-search","tag-monthly-job-market-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Canada Job Market Report: Latest Stats &amp; Trends (MAY 2025) -<\/title>\n<meta name=\"description\" content=\"Canada&#039;s latest job market report (April 2025) reveals uncertainty amid an ongoing trade war. 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