Payroll employment fell 0.1% in November, with broad-based declines led by retail trade, education, and manufacturing offsetting continued strength in healthcare...

which likely has limited runway for growth, given the drop in vacant positions over the past year.

That’s put pressure on job openings as a whole, with the vacancy rate falling to 2.6%…

… and total vacancies sitting at less than a third of job seekers, a sign that we’re still far from a healthy labour market.

You might be interested in…

About Bullpen: Bullpen Finance Inc. publishes content on Canadian markets and provides paid research coverage of select Canadian issuers. Bullpen is paid in cash by covered issuers, does not accept stock or options, does not hold positions in covered securities, and does not conduct investment banking business. Bullpen and LodeRock Advisors Inc. are affiliated; LodeRock provides investor relations services to issuers, some of whom are covered by Bullpen Research. When a post discusses a covered issuer, a specific disclosure appears at the top of the post. This post is published for general information purposes. It is not personalized investment advice and is not tailored to any individual reader’s circumstances. Bullpen is not a registered investment adviser or dealer. For full disclosures, including analyst certification, jurisdictional statements, and conflict of interest policies, please see our Legal & Disclosures section on our website.