Canada – Record level have been with the same employer for at least five years is now at a study finds

Job for life?Job stability isn’t a “thing of the past,” but rather is stronger now than ever before, a new report finds. 

Indeed, says the study by Canadian Imperial Bank of Commerce, the number of Canadians who have been with the same employer for at least five years is now at a record level.

“The stable and boring job market is the complete opposite of what was envisioned not too long ago,” Benjamin Tal, CIBC’s deputy chief economist, said today as he released the report.“The job market of the ‘new economy’ was supposed to permanently alter employer-employee relationships and workers were seen as becoming increasing disposable, with the implication that job stability would tumble,” said Mr. Tal, who conducted the study with his colleague Nick Exarhos.

Chosen excerpts by Job Market Monitor. Read the whole story at ‘Jobs for life’ not so far-fetched, new CIBC study finds – The Globe and Mail.