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Crisis not as catastrophic as first feared thanks to fiscal supports

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A CIBC report looks at labour trends and central bank policy

  • By: Katie Keir
  • November 18, 2021 November 18, 2021
  • 13:57

The Labor Department said Friday that 4.4 million people quit their jobs in September

Jobless rates remain above pre-pandemic levels in many markets

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Labour scarcity is likely to curb growth and boost inflation, RBC warns

The unemployment rate also hit a pandemic-era low

America's employers added a solid 531,000 jobs in October, the most since July of this year

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Surging demand and pandemic-related restrictions drive vacancies

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Employment and Social Development Canada has issued a notice to employers enforcing vaccine mandates

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Labour market gains could lead to the Bank of Canada reigning in monetary policy, an NBF report suggests