Job Market Monitor
Canada
Millennials in Canada – Higher incomes and median wealth than young Gen-Xers but also considerably more mortgage debt
Millennials had higher incomes and median wealth than young Gen-Xers at the same age, but also considerably more mortgage debt Examining debt and wealth for young households, who have begun to accumulate assets and debt over a period of sustained home price inflation, provides another perspective on the health of balance sheets in Canada. A … Continue reading
Annual Review of Labour market in Canada, 2018 – Record-low unemployment rate
Canada’s record-low unemployment rate was one of several notable labour market trends in 2018. While the overall labour force participation rate continued to decrease, in keeping with the aging population, it reached a record high 83.2% among women in the core working ages of 25 to 54. The long-term trend of increasing labour force participation for people aged 55 and older was … Continue reading
Retirement in Canada – The Canadian Institute of Actuaries proposes to defer it
The CIA is proposing changes to the age at which benefits should be made available to Canadians under Canada’s retirement income systems and tax-assisted private savings programs, specifically the Canada Pension Plan/Quebec Pension Plan (CPP/QPP), Old Age Security (OAS), and registered pension plans and Registered Retirement Savings Plans (RRSPs). This document is intended to engage … Continue reading
The Future of Work in Canada – Trends with the potential to impact
What does the future hold for employment in Canada? Using strategic foresight research methods, this report explores a broad range of trends with the potential to impact Canada’s labour market. TECHNOLOGICAL CHANGE 1. AI EVERYTHING: AI may impact and potentially disrupt every industry. 2. VR + AR EXPERIENCES: Virtual and Augmented Reality may transform the … Continue reading
Skills, Training and Lifelong Learning in Canada – Lifelong Learning Plans needed
As work evolves, workers need the right mix of skills and continuous learning opportunities at all career stages. Training programs need to function well, and the market must enable a smooth flow of workers into and out of positions while ensuring lifelong learning. While Canada’s K-12 education system is a world leader in equipping children … Continue reading
Digital Public Service in Canada – What can be done to attract a skilled and diverse workforce?
Canada’s public service has charted an ambitious information management and technology strategy, and talent is one of its pillars. Finding innovative approaches to attracting, developing, and retaining the best and brightest requires rethinking many traditional assumptions and harnessing new approaches. What can be done to attract a skilled and diverse workforce? The federal public service … Continue reading
Job Report in Canada, March 2019 – Employment held steady and unemployment remained unchanged at 5.8%
Following increases in January and February, employment held steady in March. The unemployment rate remained unchanged at 5.8%. In the first quarter of 2019, employment rose by 116,000 (+0.6%). On a year-over-year basis, employment grew by 332,000 (+1.8%), with gains in both full- (+204,000) and part-time (+128,000) work. Over the same period, total hours worked rose by 0.9%. Highlights Employment increased in … Continue reading
Mexican Migration to Canada – Those gaining permanent resident status (about 3,000 or so) is much smaller on an annual basis than the flow of temporary foreign workers
Emigration from Mexico to Canada has been considerably less examined than to the United States, which is by far the overwhelming destination for Mexican migrants. Yet this migration reveals some significant differences: Mexicans who obtain permanent resident status tend to have similar educational attainment as other immigrant groups in Canada, a significant contrast with those … Continue reading
Démographie du Canada, 1er juillet 2018 – La population des régions vieillit plus rapidement
La croissance démographique des régions urbaines du Canada stimulée par l’immigration permanente et temporaire Le Canada continue de s’urbaniser avec 26,5 millions de personnes vivant au sein d’une région métropolitaine de recensement (RMR) au 1er juillet 2018. La croissance des grandes régions urbaines (+1,8 %) surpassait celle du reste du pays (+0,6 %). Les trois plus grandes RMR du pays — Toronto, Montréal … Continue reading
Job Vacancies in Canada, Q42018 – Number and rate increase for the ninth consecutive quarter
The number of job vacancies and the job vacancy rate were both up in the fourth quarter, the ninth consecutive year-over-year increase. Job vacancies and the job vacancy rate rose in every province year over year except for Saskatchewan in the fourth quarter. The majority of economic regions recorded job vacancy growth. Job vacancies increased … Continue reading
Labour Force in Canada, Projections to 2036 – Expected to continue to increase, from 19.7 million in 2017 to 22.9 million in 2036
In this study, data from the Demosim microsimulation model are used to assess the labour force participation rate of Canadians in 2036 under various scenarios of population growth and participation rates by age. In addition, the article provides an overview of the ethnocultural characteristics of persons who will be in the labour force in 2036, … Continue reading
Refugees in Canada – Labour market outcomes varied considerably over the last three decades
Canada welcomed over 830,000 refugees from 1980 to 2009. Although not selected for economic reasons, the success of refugees in the labour market is an essential element of their long-term integration into Canadian society. A new Statistics Canada study finds that the labour market outcomes of refugees from 13 countries varied considerably over the last three decades. To date, little information has … Continue reading
Wages of Immigrants in Canada – Those with work permits prior to their admission have the highest entry wages
The profile of immigrants to Canada can vary between admission years. Immigrants can face challenges when they arrive in Canada, such as acquiring the ability to speak at least one of the official languages or getting their foreign credentials recognized. The immigrants admitted to Canada in 2015 earned the highest entry wages of any cohort admitted since 1981. … Continue reading
LMI in Canada – Job market information lacks insights about the future
Building a career is an ongoing process. During that process, we continuously navigate options and make choices, ideally while using relevant labour market information (LMI) that can answer our questions and address our concerns. Therefore, we wanted to know about the persistent challenges Canadians face when they go looking for information to support their career- … Continue reading
Job Report in Canada, February 2019 – Employment grew for a second consecutive month, up 56,000
Employment grew for a second consecutive month, up 56,000 in February, driven by gains in full-time work. The unemployment rate was unchanged at 5.8% as the number of people searching for work held steady. In the 12 months to February, total employment grew by 369,000 or 2.0%, reflecting increases in both full- (+266,000) and part-time (+103,000) work. Over the same period, total hours … Continue reading
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