Canada Employment Update

March 2025 Overview

The Canadian employment landscape is constantly changing. Keep up-to-date with the most recent trends with our monthly Employment Update.

Employment decreased
Employment fell by 33,000 (-0.2%) in March and the employment rate declined 0.2 percentage points to 60.9%.
Average hourly wages increased
Average hourly wages among employees were up 3.6% (+$1.24 to $36.05).
Unemployment rose
The unemployment rate rose 0.1 percentage points to 6.7%.
Employment decreased in Ontario and Alberta
Employment fell in Ontario (-28,000; -0.3%) and Alberta (-15,000; -0.6%), while it increased in Saskatchewan (+6,600; +1.1%). Employment was little changed in the other provinces in March.
Total hours worked rose
- Total hours worked rose 0.4% in March, following a decline of 1.3% in February. On a year-over-year basis, total hours worked were up 1.2%.
Employment declines among men aged 55 and older
The employment rate for men aged 55 and older fell 0.4 percentage points to 38.8% in March, the third consecutive monthly decline. Among women aged 55 and older, the employment level and the employment rate were both little changed in March.
Among core-aged men (25 to 54 years old), employment edged down (-16,000; -0.2%) in March and the employment rate fell 0.4 percentage points to 86.3%. Employment held steady in March among core-aged women, and the employment rate for this group was little changed at 80.5%.

Access Acara's Canada Employment Update in PDF Format

Acara summarizes the latest industry trends each month to keep you informed as you make decisions about the future of your business.

Key Insights from Employee Preferences:
- 51% of employees are exploring job opportunities, with many actively seeking new roles.
- Employee satisfaction is at an all-time low, contributing to the “Great Detachment,” where workers feel increasingly disconnected from their employers.
Top Employee Priorities in 2025
1. Work-Life Balance & Wellbeing (59%)
  - Offer flexibility, wellness programs, supportive environment
2. Competitive Pay & Benefits (54%)
  - Provide comprehensive package beyond salary
3. Job Stability & Security (54%)
  - Emphasize long-term outlook and growth opportunities
4. Alignment with Skills & Passion (48%)
  - Highlight projects matching strengths and interests
How Employers Can Leverage These Insights to Secure Top Talent
Competitive Compensation: While pay is vital, it should be part of a broader offering, including benefits, growth opportunities, and work-life balance.
Flexible Work Arrangements: Consider offering remote work, flexible hours, or hybrid schedules to cater to employees’ growing desire for balance.
Security and Career Growth: Especially in uncertain times, clearly communicate how your company is positioned for long-term stability and emphasize opportunities for advancement and professional development.
Job Fit: Use detailed job descriptions and interviews to showcase how the role will allow candidates to utilize their unique strengths and passions, increasing long-term satisfaction.