Wealth Blog

U.S. labour market ended the year with strength

January 05, 2024 |Claire Fan, Economist, Royal Bank of Canada

US labour market data ended 2023 with strength. Payroll employment was up 216k in December while the unemployment rate held at 3.7% after declining to that level the prior month. As was the case for much of the year, the employment gain in December was...

Canadian labour markets ended 2023 with a whimper

January 05, 2024 |Nathan Janzen, Assistant Chief Economist, Royal Bank of Canada

The December labour market data was mixed, but on balance adds to evidence that economic activity remained soft through Q4. Employment was essentially unchanged in December, the softest reading since a 6k decline last July. And the unemployment rate held...

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U.S. labour market ended the year with strength

Canadian labour markets ended 2023 with a whimper

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