Job Market Monitor
Canada
Canada – Canadian work experience increases entry earnings Stat Can finds
Immigration selection policies changed significantly during the 1990s and 2000s, at least in part to improve immigrant entry earnings. After the decline in both relative (to the Canadian-born) and absolute entry earnings during the 1980s and early 1990s, there was a strong desire to improve the economic outcomes of immigrants shortly after their landing. Changes … Continue reading
Job Vacancy in Canada, third quarter 2015 – 401,000 (2.6%)
There were 401,000 job vacancies in Canada in the third quarter and the job vacancy rate was 2.6%. Nunavut (4.2%) and Yukon (3.9%) had the highest job vacancy rates, followed by British Columbia (3.4%), Alberta (3.1%) and Nova Scotia (3.0%). Ontario had a job vacancy rate of 2.6%, in line with the national average. Quebec had the lowest rate … Continue reading
Inequality in Canada – May be larger than previously thought OECD Says
The gap between rich and poor in Canada, and in many developed countries, is wider than previously thought, says a new study from the OECD. Economists Nicolas Ruiz and Nicolas Woloszko argue in a new working paper that the existing data on income inequality is incomplete because it’s based on household surveys. High-end earners tend … Continue reading
Job Report in Canada, January 2016 – Employment was virtually unchanged in January (-5,700 or 0.0%) and the unemployment rate edged up to 7.2%
In the 12 months to January, employment increased by 0.7% (+126,000). Over the same period, the unemployment rate rose from 6.6% to 7.2%, as the labour force grew at a faster pace than employment. There was little change in both full-time and part-time employment in January. However, compared with 12 months earlier, full-time work increased by 172,000 (+1.2%) while part time was little changed. … Continue reading
Head Office Employees in Canada – Increased 1.0% in 2014 while the number of head offices declined 0.6%
The number of head office employees in Canada increased 1.0% in 2014 to 227,684, while the number of head offices declined 0.6% to 2,756. Growth in head office employment continued to be concentrated, with 94.0% of new head office employment in 2014 coming from five provinces: Alberta (25.5%), Ontario (24.7%), Manitoba (18.2%), British Columbia (15.5%), and Quebec (10.2%). Provincially, Ontario accounted for the largest … Continue reading
A Basic income or Guaranteed Income for Canada – Would cost the treasury more than $500-billion a year
The Finnish example is typical of the fiscal folly. The Finns propose a monthly transfer of €800 ($1,200) a person, which sounds nice until you do the math and figure out this would require a doubling of existing taxes to fund the program. This transfer would barely replace what low-income Finns already get under their … Continue reading
Economic Immigration in Canada – The processing time is 67 months
In the economic class, if an application was filed between 2008 and 2010, the processing time is 67 months while for the ones filed between 2010 and 2014, is 13 months. Canada takes in about 260,000 immigrants each year in all categories, combined. The statistics were not available for last year, but in 2014, 66,661 … Continue reading
Canada – Employer sponsorship and other forms of automatic saving may matter a great deal in helping more vulnerable groups save for their retirement.
A large literature in behavioural economics finds that households benefit from assistance with the challenging task of preparing financially for retirement. Workplace pension program characteristics such as default options or savings rate escalators tend to significantly increase contributions to these plans (Madrian and Shea 2001; Choi et al. 2004; Thaler and Benartzi 2004). Recent evidence … Continue reading
Pension Plans in Canada – Funding decline in 2015
Canadian pension plans saw their funding decline in 2015 and are facing a rocky outlook for 2016 that could make it difficult to recoup their losses. A review of 449 Canadian pension funds by consulting firm Aon Hewitt shows the average pension plan’s solvency position fell to 87.6 per cent as of Dec. 16, a … Continue reading
Aging Canada – No choice but to adapt to slower domestic growth David K. Foot says
The entry of the massive baby boomer generation into the Canadian work force over the 1960s and 1970s resulted in rapid work force and economic growth, rising unemployment and increasing inflation. Their exit over the next 20 years will have the opposite effects: slow work force and economic growth, falling unemployment and reduced inflation (possibly … Continue reading
Canada – Close to half of working-age people with disabilities are employed
Of the 2,338,200 working-age people with disabilities in Canada, 1,057,100 were employed (45.2%), 125,700 were unemployed (5.4%) and 1,155,500 were not in the labour force (49.4%). Employment rates differed depending on the type of disability. People with developmental, cognitive and mental health-related disabilities face greater employment challenges than people with sensory or physical disabilities. Chart 1 Work potential status of people with disabilities, aged 15 to 64, 2012 Chosen … Continue reading
Canada November Job Report – Employment decreased by 36,000 (-0.2%) after the election
Employment decreased by 36,000 (-0.2%) in November, the result of losses in part-time work. The overall employment decline in November followed a similar-sized increase in October. The unemployment rate increased by 0.1 percentage points to 7.1% in November. Compared with 12 months earlier, employment increased by 124,000 or 0.7%, with all the growth in full-time work. Over the same period, the number of hours worked … Continue reading
Canada – Les taux de postes vacants les plus faibles se trouvent au Québec
Taux de postes vacants au Canada Les territoires avaient les taux de postes vacants les plus élevés au Canada, le Yukon venant en tête (5,1 %). L’Alberta et le Nouveau-Brunswick ont enregistré les taux les plus élevés parmi les provinces (3,4 % dans les deux cas). Le Québec (2,1 %) a affiché le taux de postes vacants le … Continue reading
Job Vacancy in Canada – The lowest job vacancy rates were in Quebec
Job vacancy rates across Canada The territories had the highest job vacancy rates in Canada, led by Yukon at 5.1%. The provinces with the highest rates were Alberta and New Brunswick (both at 3.4%). Quebec, at 2.1%, had the lowest job vacancy rate, followed by Newfoundland and Labrador (2.4%) and Manitoba (2.5%). The job vacancy rate refers to … Continue reading
Canada – Quatre demandeurs d’asile sur cinq reçoivent des prestations d’aide sociale
Quatre demandeurs d’asile sur cinq reçoivent des prestations d’aide sociale l’année suivant leur arrivée au pays, selon une récente étude de Statistique Canada. Les réfugiés d’origine syrienne ont toutefois moins tendance à réclamer une telle assistance. Les résultats de l’étude rendue publique en octobre démontrent qu’il faut de deux à trois ans pour voir le taux d’aide sociale diminuer parmi les réfugiés. Les travaux de … Continue reading
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