What’s In This Email

• Canada added 64,000 jobs in September

• 7 Promising areas for entrepreneurship

• Olaplex comes for dupe culture

• Shopify shares 15 promos for your Black Friday event

• Notable spotlight: Frëkl Swimwear

• Notable plug 🔌

✍️ TAKE NOTE

Canada added 64,000 jobs in September, led by seasonal surge in education workers

Canada witnessed a surge in job growth in September, adding 64,000 positions, primarily driven by hiring in Quebec and B.C. The education sector stood out, contributing 66,000 jobs as schools resumed. However, despite these additions, the unemployment rate held steady at 5.5%. With industries like transportation and warehousing booming, the overall economic picture showcases a resilient job market, though challenges like a shortage in the truck driving industry persist.

Key Takeaways

• Canada's economy added 64,000 jobs in September, with significant hiring in Quebec and B.C., offsetting a loss of 38,000 jobs in Alberta.

• Despite the job additions, the unemployment rate remained at 5.5% due to more people joining the workforce.

• The education sector saw a significant increase, adding 66,000 jobs in September, coinciding with schools reopening.

• Hourly wages for salaried workers increased to $34.01, a rise of 5% from the previous year.

• This sector added 18,000 jobs in September and nearly 80,000 over the past year, with a notable shortage in the truck driving industry.

• The job gain was double what economists had predicted for the month, with a significant portion being part-time jobs.

• The substantial job numbers have increased the likelihood of another rate hike by the end of the month.

7 Promising Areas for Entrepreneurship in 2023

The entrepreneurial landscape in 2023 is ripe with opportunities, from A.I. and cybersecurity to health and sustainable solutions. As technology evolves and industries adapt, entrepreneurs have many avenues to innovate and cater to the ever-changing needs of consumers and businesses. From the surge in the A.I. market to the growing demand for remote learning solutions, the future beckons those ready to seize these promising entrepreneurial ventures.

Key Takeaways

• The global A.I. market is expected to reach $309.6 billion by 2026, with AI-based healthcare solutions and fraud detection systems showing significant growth.

• The global cybersecurity market is projected to reach $333.75 billion by 2026, emphasizing the importance of protecting online businesses.

• The global wellness economy is valued at $4.5 trillion, with telemedicine and wearable fitness technology markets also showing growth.

• The global green technology market is projected to reach $4.2 trillion by 2025, highlighting the demand for eco-friendly solutions.

• The V.R. market is expected to reach $62.1 billion by 2027, with the gaming industry significantly using these technologies.

• The global e-commerce market is projected to reach $6.54 trillion by 2023, with Amazon dominating the market.

• The global education technology market is expected to reach $404 billion by 2025, emphasizing the rise of remote learning and online education.

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🔌  NOTABLE PLUG

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🧠 Today We Learned: According to a study, millennials are predicted to have 12 to 15 jobs in their lifetime. This starkly contrasts previous generations, who typically had one or two jobs for their entire career. The rise of the gig economy, remote work, and the emphasis on work-life balance contribute to this shift. So, if you switch jobs or roles frequently, you're not alone – it's the new normal!

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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 46,000 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.