In November 2024, data from Statistics Canada showed that the Canadian economy added about 50.5 thousand jobs, a greater increase than the expectations, which suggested adding only 24.7 thousand jobs. This addition indicates the continuity of economic activity despite the challenges facing the labor market.

However, the unemployment rate in Canada rose to 6.8%, the highest rate since September 2021, where it was expected to rise to 6.6%. This rate is a negative indicator compared to the previous month where the rate remained steady at 6.5%. This increase in unemployment, despite the job growth, indicates that many factors such as weak industrial sector growth and rising wage demands may affect the Canadian economy's ability to address current economic challenges.

This divergence between job additions and rising unemployment indicates ongoing pressures on the labor market in Canada amid continuing economic challenges, such as inflation and rising interest rates.