The big picture: Most employed Canadians (87%) feel secure in their current jobs, but the job search for new roles is described as "bad" or "terrible" by 77% of those exposed to it.

Why it matters: This creates a bifurcated labor market where retaining talent is easier than acquiring it, impacting staffing strategies and economic optimism.

Between the lines:

• Canada has added only 26,000 net jobs in 2026, with 42,000 lost in August.
• There are nearly three unemployed Canadians for every vacant position, almost triple the 2022 ratio.
• 28% of Canadians expect to be worse off financially in the next 12 months.

Staffing & HR impact: Staffing firms may face challenges in candidate placement due to increased competition and employer caution, while existing workforces remain stable. Companies might prioritize retention strategies over aggressive hiring.

The bottom line: Economic uncertainty, particularly regarding trade, is fostering a cautious labor market where job security is high for the employed, but mobility is low.