March job market report set to be released by Statistics Canada – National | 24CA News

Statistics Canada is about to launch March employment information Thursday morning.

The labour pressure survey will present an replace on how the labour market is faring amid excessive rates of interest.

After posting robust job positive factors over the past a number of months, economists usually are not anticipating a major change in employment in March.

Both TD and CIBC are forecasting the unemployment fee ticked barely increased to five.1 per cent, up from 5 per cent in February.

The Canadian financial system is anticipated to decelerate considerably this yr, however to date, the labour market has proven no indicators of weak spot.

The Bank of Canada, which is preoccupied with getting inflation down, is hoping to see easing within the labour market over the approaching months.