Part 2/9:
Both Canadian and U.S. economists are grasping for explanations, often attributing the slowdown to labor market issues similar to those seen in the United States, where hiring has come to a standstill. The consensus is that while mass layoffs might not be an immediate concern, stagnation in hiring poses a critical threat to economic stability. This has ignited discussions about whether current conditions signal the onset of recessionary trends—when companies cease to hire entirely.