Softening in Canada’s headline labour market data this year masks a more encouraging underlying story. Job losses remain concentrated in tariff-exposed sectors, layoffs are declining, and hiring is beginning to rebound—all signs of resilience beneath the surface.In this episode of the 10-Minute Take, RBC Economics' Claire Fan and Carrie Freestone discuss:<ul><li>What hidden unemployment means and whether it's rising. </li><li>How "low hire, low fire" dynamics disproportionately affect younger job seekers.</li><li>Why labour supply is expected to tighten as hiring demand recovers later in 2026.</li></ul>

<description>&lt;p&gt;Softening in Canada’s headline labour market data this year masks a more encouraging underlying story. &lt;/p&gt;&lt;p&gt;Job losses remain concentrated in tariff-exposed sectors, layoffs are declining, and hiring is beginning to rebound—all signs of resilience beneath the surface.&lt;/p&gt;&lt;p&gt;In this episode of the 10-Minute Take, RBC Economics' Claire Fan and Carrie Freestone discuss:&lt;/p&gt;&lt;ul&gt;&lt;li&gt;What hidden unemployment means and whether it's rising. &lt;/li&gt;&lt;li&gt;How "low hire, low fire" dynamics disproportionately affect younger job seekers.&lt;/li&gt;&lt;li&gt;Why labour supply is expected to tighten as hiring demand recovers later in 2026.&lt;/li&gt;&lt;/ul&gt;&lt;br/&gt;</description>

The 10-Minute Take

Why Canada's jobs market is more resilient than it looks

Why Canada's jobs market is more resilient than it looks

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