July 13, 2023
The US and Canadian economies are so closely intertwined that they mostly experience comparable labor and employment trends at a given time. Still, there are some key differences.
Both economies saw a solid rise in unemployment in 2008 amid the Great Recession. And though the American workforce was harder hit, it was able to recover and boost its labor participation rate faster due to the resilience and breadth of the US economy.
Now, in the post-COVID era, the two economies are experiencing strong rebounds and tight labor markets, adding a solid number of new jobs each month despite hiking interest rates to rein in inflation. Still, though the US labor force is way larger, last month’s labor numbers show that Canada added more jobs relative to its population size . We see how the two have stacked up since 2000.
More For You
For Gen Z, changing jobs can mean a bigger paycheck. Younger workers continue to see the largest gains from switching, offering a glimpse into how career mobility is evolving across generations. Subscribe to Bank of America Institute to explore the data.
Most Popular
Tens of thousands still remain missing after the RSF’s siege of El Fasher. The RSF also remains in control of the city, and the civil war continues to drag on with seemingly no end in sight.
Representatives of secondary school pupils organisations Les Lyceens vice-president Louis Letoublon (3rd L), Renouveau Lycee president Nathanael Combary (2nd R), Renouveau Lycee Monica-Shannon Ongmilan (L), and Bordeaux Academy representative to the National Council for High School Life Elliot Hostin (R), speak to the press as they leave the Hotel Matignon after a meeting with French Prime Minister on October 26, 2026
Paoloni Jeremy/ABACA via Reuters Connect
After weeks of student-led protests over poor conditions in French schools, the government has promised to replace its controversial university admissions platform by 2028.
- YouTube
In this Quick Take, Ian Bremmer breaks down Brazilian President Luiz Inácio Lula da Silva’s historic re-election victory and what it means for the country’s political future and democracy.
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.