Job Market Monitor
Canada
From CERB to EI – Could leave millions worse off with 482,000 who won’t transfer to anything else
More than 4 million Canadians will be affected when the Canadian Emergency Response Benefit (CERB) winds down on September 27. 2.1 million CERB recipients will be eligible for CERB’s replacement, Canada’s revamped Employment Insurance (EI)—but 781,000 of them won’t be automatically ported to EI. They will have to manually apply and hope for success. Almost … Continue reading
Covid et l’Assurance-Emploi au Canada – Un taux de cotisation d’au moins 1,93$ après le gel
Aujourd’hui, la Commission de l’assurance-emploi du Canada (CAEC) a établi le taux de cotisation d’assurance‑emploi pour 2021 à 1,58 $ pour chaque tranche de 100 $ de gains assurables pour les employés, et à 2,21 $ pour les employeurs, qui paient 1,4 fois le taux des employés. Cela demeure inchangé par rapport au taux de … Continue reading
COVID et PBI au Canada (Q2, 2020) – Un recul de 38,7 %, un record
Exprimé en taux annualisé, le PIB réel a reculé de 38,7 % au deuxième trimestre. À titre de comparaison, le PIB réel aux États-Unis a diminué de 31,7 %. Le produit intérieur brut (PIB) réel a reculé de 11,5 % au deuxième trimestre, après avoir diminué de 2,1 % au premier trimestre. La baisse enregistrée … Continue reading
Payroll employment in Canada (June 2020) – Up but still a decrease of 2.7 million (-15.7%) since February
The easing of COVID-19 restrictions is reflected in June payroll employmentThe number of employees receiving pay or benefits from their employer, measured in the SEPH as payroll employment, rose by 666,500 (+4.9%) in June. This followed three consecutive months of declines—March (-0.9 million), April (-1.9 million) and May (-0.5 million)—and brought the total payroll employment change since February to a decrease … Continue reading
What’s Next in Canada ? Chrystia Freeland at TED Talk in 2013
Technology is advancing in leaps and bounds — and so is economic inequality, says writer Chrystia Freeland. In an impassioned talk, she charts the rise of a new class of plutocrats (those who are extremely powerful because they are extremely wealthy), and suggests that globalization and new technology are actually fueling, rather than closing, the … Continue reading
Post-Secondary Graduate Earnings in Canada – They vary by credential and the spread between higher and lower earners is wide and grows over time within each credential
Choices about post-secondary education (PSE) launch individuals onto their future educational and career paths. These decisions are vitally important to Canada’s economic prosperity as well to many individual and social outcomes. Against this backdrop, this joint LMIC-EPRI report provides extensive new evidence on the labour market earnings of PSE graduates. Key findings Earnings vary by … Continue reading
Job Market in Canada – Still has long way to go despite jobs bounce says CIBC’s Benjamin Tal
CIBC Deputy Chief Economist Benjamin Tal speaks with Financial Post’s Larysa Harapyn about the latest Canadian unemployment numbers, and what might happen as the government transitions CERB recipients into an updated EI program.
Job Report in Canada (July 2020) – Employment rose by 419,000 (+2.4%), within 1.3 million (-7.0%) of its pre-COVID February level
Employment continues to rebound in July From February to April, 5.5 million Canadian workers were affected by the COVID-19 economic shutdown. This included a drop in employment of 3.0 million and a COVID-related increase in absences from work of 2.5 million. Employment rose by 419,000 (+2.4%) in July, compared with 953,000 (+5.8%) in June. Combined with gains of 290,000 in May, this brought employment to within 1.3 million (-7.0%) of … Continue reading
L’Emploi au Québec, juillet 2020 – Hausse de 98 000 (+2,4 %), le ramenant à 94,4 % de son niveau observé avant la COVID-19
L’emploi au Québec a augmenté de 98 000 (+2,4 %) en juillet; cette augmentation s’ajoute aux hausses observées au cours des deux mois précédents et ramène l’emploi à 94,4 % de son niveau observé avant la COVID-19. La hausse de l’emploi observée en juillet est entièrement survenue dans le travail à temps partiel. Le taux de chômage a reculé de 1,2 point de … Continue reading
Covid and Women’s Labour Force Participation in Canada – Pandemic threatens decades of gains
COVID downturn sees job losses eclipse those of any other recession Canada has been roiled by a recession unlike any other – one distinguished not just by the overall magnitude of damage it has inflicted on the economy but by the specific, unprecedented blow it has dealt to women. In a matter of months, the … Continue reading
Covid and High School and Postsecondary Graduates in Canada – They could lose $25,000 or more over the next 5 years
Graduates could lose $25,000 or more over the next 5 years if the labour market does not improve soon If the youth unemployment remains close to its June rate of 27.5% for the remainder of the year, this year’s graduates could lose $25,000 or more during the next 5 years compared to what previous graduates … Continue reading
COVID in Canada – The impact on manufacturing
The COVID-19 pandemic and resulting measures to prevent its spread (social distancing, travel restrictions, school and business closures) have led to unprecedented job loss and economic upheaval across Canada. Data from the Labour Force Survey (LFS) confirm that the economic impact of this health crisis affects different sectors in unique ways. Previous LMI Insight Reports … Continue reading
L’Emploi Salarié au Canada et Québec, mai 2020 – Le nombre a fléchi en mai, en baisse de 585 100 (-4,1 %), pour une baisse totale depuis février de 3,4 millions (-19,9 %).
Le nombre d’emplois salariés, c’est-à-dire le nombre de Canadiens qui reçoivent une rémunération de leur employeur, est mesuré dans le cadre de l’Enquête sur l’emploi, la rémunération et les heures travaillées. Ce nombre a fléchi de 585 100 en mai (-4,1 %). Cela fait suite aux reculs observés en mars (-0,9 million) et en avril … Continue reading
Covid and Unemployment in Canada – Changes to EI system coming
Government officials admit there will still need to be policy changes to the EI system to help some self-employed workers qualify, and capture EI-eligible workers who, due to the pandemic, haven’t been able to work the necessary qualifying hours. “It’s not easy. We’re in challenging times,” Finance Minister Bill Morneau told reporters. “We’re going to … Continue reading
Basic Income in Canada – A guaranteed 18 329 $ would cost up to $96.4 billion in 6 months, excluding behavioral reactions
A parliamentarian requested that the PBO estimate the cost of a guaranteed basic income (GBI) program to ensure all Canadians between 18 and 64 have income of at least 75% of the Low-Income Measure (LIM; $24,439 for an individual and $34,562 for a couple) for the last six months of the fiscal year 2020-21. The … Continue reading
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