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Jobless rate remains at record low: OECD
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JOBLESS RATE REMAINS AT RECORD LOW: OECD

Employment readings largely stable to close 2023

By James Langton | January 18, 2024 | Last updated on January 18, 2024
1 min read


iStock / Kirill Gorshkov

The labour market remained tight to end 2023, with the jobless rate sticking at
its record low level in November, the Organization for Economic Cooperation and
Development (OECD) reports.

The unemployment rate for the OECD came in at 4.8% for the ninth consecutive
month, as the rate in 20 countries was unchanged, while seven countries saw
their rates decline, and six registered increases.

More recent data for Canada and the U.S. showed continued stability in the
jobless rate, which was unchanged for both countries in December, at 5.8% and
3.7%, respectively.



The rate was also broadly stable at record lows in the European Union at 5.9%,
the OECD noted.

The Paris-based group reported that in the third quarter of 2023, the labour
force participation rate for the OECD area came in at 73.8% and the employment
rate was 70.1%, which are also record levels for these metrics.


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JAMES LANGTON



James is a senior reporter for Advisor.ca and its sister publication, Investment
Executive. He has been reporting on regulation, securities law, industry news
and more since 1994.


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Economic Indicators


CMHC SAYS RISKS REMAIN IN MORTGAGE MARKET AS DELINQUENCIES CREEP UP

More than one million contracts are up for renewal next year

By Ian Bickis, Canadian Press |November 4, 2024

2 min read

Economic Indicators


CANADA’S UNEMPLOYMENT RATE HOLDS STEADY IN OCTOBER

Employment rose by a modest 15,000 jobs last month: StatCan

By Nojoud Al Mallees, The Canadian Press |November 8, 2024

3 min read

Economic Indicators


IS BLACK FRIDAY STILL A HOLIDAY SHOPPING JUGGERNAUT IN 2024?

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tech company

By Anne D'innocenzio, Haleluya Hadero And Alexandra Olson, The Associated Press
|November 29, 2024

4 min read




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