Job Market Monitor
Michel Cournoyer
Population Aging in Canada – Would need to settle 2.85 million new Canadians immediately
If Canada was to rely solely on immigration to address the impending labour force shortage, it would need to settle 2.85 million new Canadians immediately in order to return to the 2019 OAD ratio. And arrivals would need, on average, to exceed 1.7 million people annually over the next decade to maintain that OAD ratio. … Continue reading
Migrations Internationales en 2020 – Les flux d’immigration permanente dans les pays de l’OCDE ont baissé de plus de 30 %
Les flux d’immigration permanente dans les pays de l’OCDE ont baissé de plus de 30 % en 2020, pour s’établir à environ 3.7 millions de personnes – soit le niveau le plus bas depuis 2003. Cette baisse pourrait même atteindre 40 %, en fonction des facteurs qui sont pris en considération. Toutes les catégories de … Continue reading
Mieux Intégrer les Immigrants au Québec – Il faut rendre le Québec globalement plus compétitif dit l’OCDE
Le Québec a connu un chômage structurel élevé pendant des décennies, mais connaît depuis 2017 le chômage le plus faible du Canada. Certaines régions du Québec sont désormais presque en situation de plein emploi, notamment en dehors de l’agglomération de Montréal. De nombreux secteurs d’activité font désormais appel à l’immigration à cause d’une rareté de … Continue reading
Minimum Wage in Canada – Who earns it (infographic)
Source: who-earns-the-minimum-wage-in-canada-infographic-canada.jpg | Fraser Institute Over the past decade all Canadian provinces have raised their real (inflation-adjusted) minimum wage. The size of these increases has varied considerably from place to place. The four largest provinces implemented particularly large increases. These ranged from 20.2 percent in Quebec to 46.4 percent in Alberta. One of the most … Continue reading
COVID and the Labour Market in Europe – Temporary workers were disproportionately affected
The COVID-19 pandemic closed or limited many economic activities in 2020, with far-reaching impacts on the labour market. Employment losses at the outset of the pandemic were sharper than those experienced during the global financial crisis. Even greater declines in hours worked arose as a result of the widespread state-supported furloughing of workers. The physical … Continue reading
Upskilling in Canada – Needs to Plug Gaps
Automation, digital innovation, globalization and demographic shifts have been reshaping the labor market, leading to some long-term structural changes and redefining the skills required to maintain a productive workforce – a trend that has been amplified by the effects of the COVID-19 pandemic. Our study shows Canada still stands below the top-performing countries in skills … Continue reading
Covid in Canada – The Worker Lockdown Benefit
Canada is on the road to economic recovery and employment is now back to pre-pandemic levels. This is thanks to the resilience of employers and hard work of Canadians. The government is making adjustments to pandemic income support programs to reflect the new phase of the recovery. The government is moving from broad-based programs to … Continue reading
The COVID Retirement Boom – Over 3 million excess retirements says St-Louis Fed
The labor force participation rate1 registered its largest drop on record in 2020, falling from 63.2 percent in the fourth quarter of 2019 to 60.8 percent in the second quarter of 2020.2 By the second quarter of 2021, the rate had recovered slightly, to 61.6 percent, but was still 1.6 percentage points below its pre-pandemic … Continue reading
Economic Research on Minimum Wage in US – A clear picture that is at odds with how this research is often summarized
The disagreement among studies of the employment effects of minimum wages in the United States is well known. What is less well known, and more puzzling, is the absence of agreement on what the research literature says – that is, how economists even summarize the body of evidence on the employment effects of minimum wages. … Continue reading
L’Assurance-Emploi au Canada – Proposition de réforme de l’Institut de recherche et d’informations socioéconomiques (IRIS)
Avec l’annonce de la fin de la PCRE (Prestation canadienne de la relance économique) hier, la vétusté du régime canadien d’assurance-emploi mise de l’avant par la pandémie de COVID-19 devient intenable. En mettant en place la Prestation canadienne d’urgence (PCU), le premier ministre Justin Trudeau s’était lui-même engagé à mettre en place « un régime digne … Continue reading
Immigration and Skills – For better quality labor pathways for foreign-born workers
Because there is no explicit general definition of a high-skilled versus low-skilled worker, such categorizations are often arbitrary and sometimes even contradictory. To increase the overall complexity of their economies, and thus boost growth, high-income countries need a much broader variety of abilities than the traditional low- and high-skill dichotomy, which is solely based on … Continue reading
COVID-19, Jobs Lost, Recruiting and Retraining – A survey of knowledge workers across US, 4 Australia, Germany, Japan, France, and the UK
The past year has reshaped the global talent market Chosen excerpts by Job Market Monitor. Read the whole story @ Investing to Win Talent
Hybrid Work – A big majority of workers (83%) prefer it Accenture finds
The Accenture Future of Work Study 2021 explored what people need to be healthy and productive as we enter a new era of work. A majority of workers (83%) prefer a hybrid work model, but a variety of factors influence their ability to thrive, whether they’re onsite or off. Responsible leaders must move beyond physical … Continue reading
Gig Workers and EI in Canada – There is no easy solution
There is no easy solution to the challenge of including gig workers or self-employed workers in Canada’s Employment Insurance (EI) system, according to a new report released by the C.D. Howe Institute. In “Should ‘gig’ Workers be Covered by the EI regime? The Challenges and Pitfalls,” author David Gray casts an evaluative lens on the … Continue reading
Upskilling in US – The American Upskilling Study reveals that workers benefit from an additional 8.6% in annual income
COVID-19 has impacted work in unprecedented ways, with 30 million American adults reporting having lost their jobs or businesses since the beginning of the pandemic. As the U.S. economy recovers from the impact of COVID-19, upskilling programs — defined as training or education that teaches new skills or advances or upgrades existing skills — present … Continue reading
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