CIBC report says strength in job market even better than headlines suggest

TORONTO _ A report by CIBC says the recent strength in Canada’s labour market runs deeper than just the 420,000 jobs added last year.

CIBC deputy chief economist Benjamin Tal says the economy also saw average wage earnings grow and the creation of more higher-paying jobs last year than low-paying ones.

CIBC also notes that youth unemployment rate has been falling faster than the unemployment rate among adults.

Statistics Canada reported last week that the unemployment rate ended last year...

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