What’s In This Email

• Good news: Canada’s unemployment dips

• Skilled trades are seeing a resurgence in apprenticeship applications

• Canada’s annual inflation rate fell to 2.9% in January

• Who TF did I marry?: The series that has us in a chokehold

• Notable Spotlight: For The Culture with Amanda Parris

• Notable Plug 🔌 

✍️ TAKE NOTE

Good news for Canadian job seekers: Unemployment dips!

A Silver lining! The job market is showing signs of improvement. After months of stagnation, Canada's economy added 37,000 jobs in January, bringing the unemployment rate down to 5.7%. Let's dive deeper into what this means for you.

Key takeaways:

• Canada added 37,000 jobs in January, pushing the unemployment rate down to 5.7%. This is the first decline since December 2022.

• Most of the new jobs were part-time, with 12,000 full-time positions lost.

• Average wages continue to rise, up 5.3% year-over-year, reflecting efforts to keep pace with inflation.

• Economists predict the Bank of Canada will hold off on interest rate cuts due to the positive jobs data.

Why this matters:

This news brings a sigh of relief for young Canadians entering the workforce or looking for a job change. A stronger job market offers more opportunities and potentially better wages, which can be crucial for managing student loans, saving for a home, and building a secure financial future. While part-time job growth dominates this report, it's still a positive sign for overall economic health and could lead to more full-time opportunities in the future.

Read the full article here.

Canada's skilled trades are experiencing a resurgence, offering promising career opportunities.

Canada's skilled trades are experiencing a surge in interest, with apprenticeship registrations reaching their highest point in nearly a decade. This trend is driven by a combination of factors, including an aging workforce and high demand for skilled workers in various sectors. Let's delve deeper into what this means for the future of skilled trades in Canada.

Key takeaways:

• Registrations for skilled trade apprenticeships have been at their highest level since 2014, driven by an aging workforce and high demand in sectors like construction and manufacturing.

• Provinces like Alberta, Quebec, and Ontario lead the way, with carpentry, electrician, and plumbing among the most popular trades.

• Skilled trades offer competitive salaries and long-term career prospects, with incomes varying by trade and region.

Challenges remain:

• The number of people completing their certifications lags behind registration numbers. Addressing factors like workplace inclusivity and financial support for apprentices is crucial to bridge this gap.

• The existing labour shortage in construction is expected to worsen. While the surge in registrations is positive, it might not be enough to fully address the demand in the coming years.

Why this matters:

The increasing interest in skilled trades presents a significant opportunity for individuals seeking stable and well-paying careers. As the baby boomer generation retires, the demand for skilled workers in these fields is growing rapidly. This translates to good job security, competitive wages, and the potential for career advancement.

Read the full article here.

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For The Culture

With Amanda Parris

amanda_parris

View more on Instagram

An adventurous, insightful, and personal documentary series where Amanda goes on a revelatory journey into some of the most important stories impacting Black people around the world.

Watch now on CBC Gem.

🔌  NOTABLE PLUG

🎙️ Get Into It: Because Money podcast. Real conversations about money in Canada. Listen on Apple or Spotify.

📄 Notable Hires: Various Roles @ Porter Airlines (across Canada)

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🌍 Notable Destinations: Vancouver to Cancún ($317 - $550) 
Dates: Around April 15-23. Click on this link to see the deal.

🧠 Today We Learned: The Canary Islands are named from the Latin word for dog and not the bird!

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ABOUT NOTABLE
Notable Life is Canada's hub for young professionals, entrepreneurs, and culture generators operated by The Notable Group. Notable Daily inspires ideas and sharpens the minds of over 40,000 top-tier professionals in competitive industries.

Disclosure: While we utilize artificial intelligence (AI) to assist with certain aspects of content development, all information provided in our content is thoroughly vetted and edited by our team of humans. We strive to ensure the accuracy and reliability of all information. However, we recommend that readers conduct research or seek professional advice to make informed decisions. This email may contain sponsored content.