1/ Look at this chart. 🇨🇦 job vacancies have plummeted to 572k in Q3 2024, a staggering 44.5% drop from the Q2 2022 peak. This is the lowest vacancy level since 2021. pic.twitter.com/9baBZ5yFht
— Shazi (@ShaziGoalie) December 23, 2024
3/ Employers aren’t just hiring less; 🇨🇦 labor demand is shrinking outright. Total jobs (filled + vacant) declined 0.1% in Q3 2024, reversing the strong gains seen in Q3 2022 (+6.8%).
— Shazi (@ShaziGoalie) December 23, 2024
5/ Not a booming economy, but a crisis: unemployment is at a 7-year high (non-pandemic). Nearly 1 in 5 jobless workers are now long-term unemployed, with fewer paths back into the workforce.
— Shazi (@ShaziGoalie) December 23, 2024
— Shazi (@ShaziGoalie) December 23, 2024
Canada continues march towards potential MAJOR recession.
This isn't an oil-lead recession, only affecting Alberta. This will be a NATIONAL recession, ripping the soul out of Bay Street.
The WORLD is simultaneously experiencing:
1) the end of a 45 yr LT rate cycle
2) the end… pic.twitter.com/7KTBDu4sVI— IceCap (@IceCapGlobal) December 23, 2024