Job Market Monitor
Canada
Immigrants in Canada – Language at landing is one of the most important variables in predicting earnings in the short term, but less as time past
While an extensive literature examines the association between immigrants’ characteristics and their earnings in Canada, there is a lack of knowledge regarding the relative importance of various human capital factors, such as language, work experience and education when predicting the earnings of economic immigrants. The decline in immigrant earnings since the 1980s, which was concentrated … Continue reading
Canada – Increases in the compulsory CPP contribution rate were followed by decreases in the private savings research finds
In recent years, there has been a strong push to expand the Canada Pension Plan (CPP). Ontario has already set out a plan to create an additional mandatory provincial program mirroring the CPP called the Ontario Retirement Pension Plan (ORPP), which is slated for implementation on January 1, 2017. Yet the debate about expanding compulsory … Continue reading
Employment Insurance in Canada , June 2015 – The number of beneficiaries increased by +4.0% in a year
There were 531,700 people receiving regular Employment Insurance (EI) benefits in June, up 5,200 or 1.0% from May. Compared with 12 months earlier, the number of beneficiaries increased by 20,300 (+4.0%). In Alberta, the number of beneficiaries rose for the eighth consecutive month, up 7.7% in June. Increases were also posted in Saskatchewan (+4.9%) and Manitoba (+3.6%). In contrast, there were fewer beneficiaries in Prince … Continue reading
Canada — Job vacancy was 2.6% in the first quarter of 2015
There were almost 400,000 job vacancies in Canada and the job vacancy rate was 2.6% in the first quarter—as indicated by a new survey conducted in early 2015. This is the first release of the Job Vacancy and Wage Survey (JVWS). This release draws on data from the job vacancy component of this survey, with information on job vacancies … Continue reading
Canada – Is the job recovery the best ? That depends on what you measure
History is clear: The Harper government’s record on job creation is the weakest of Canada’s past nine prime ministers. But is it the best job creation record we could have right now, given how so many nations are struggling with the enduring impact of the 2008 global economic crisis? When it comes to recovery, are … Continue reading
Canada July Jobs Report – Modest 6,600 jobs
Canada’s overall labour market didn’t change very much in July as the economy created 6,600 additional jobs, Statistics Canada reported today. That was roughly in line with the 5,000 new jobs that economists had been forecasting. The unemployment rate remained at 6.8 per cent for the sixth straight month. Manufacturing remains weak as another 4,600 factory jobs disappeared … Continue reading
Canada – L’assurance-emploi doit se recentrer sur le remplacement du revenu des personnes ayant perdu leur emploi selon un rapport de l’IRPP
Sommaire ■ L’assurance-emploi doit se recentrer sur le remplacement du revenu des personnes ayant perdu leur emploi, les autres mandats (congé de maladie, congé parental, formation, etc.) devant faire l’objet de régimes distincts. ■ Elle doit être gérée par une caisse autonome et financée à parts égales par les cotisations des employeurs et des employés. … Continue reading
Employment Insurance (EI) benefits in May in Canada – 527,100 people, up 0.9%
There were 527,100 people receiving regular Employment Insurance (EI) benefits in May, edging up 0.9% or 4,800 from April. Compared with 12 months earlier, the number of beneficiaries increased by 15,400 (+3.0%). However, excluding Alberta, the number of beneficiaries in Canada edged down 0.7% (-3,200) on a year-over-year basis. In Alberta, the number of beneficiaries rose for the seventh consecutive month, up 10.4% in May. Smaller … Continue reading
Employment Insurance (EI) in Canada – The current system is broken former chief actuary says
Only about 40 per cent of Canada’s 1.3 million unemployed people now receive benefits. And among those who do, the range of benefits given in the largest labour-market program in the country varies widely among regions. The current system is broken, said Michel Bédard, who co-wrote a paper to be released Thursday with economics professor … Continue reading
Pension plans in Canada (2013) – Virtually unchanged, but number of members in private sector plans declined 0.2%
Membership in registered pension plans (RPPs) totalled 6,185,000 in 2013, virtually unchanged from 2012. Membership in public sector pension plans rose 0.2% to 3,184,300, while the number of members in private sector plans declined 0.2% to 3,000,900. The public sector accounted for 51.5% of total membership in RPPs. Although the participation of women in RPPs decreased by 0.5% from 2012, male and female membership remained fairly … Continue reading
Canada – 5.7 unemployed people for every job vacancy (April 2015)
Businesses reported 243,000 job vacancies in April, little changed compared with April 2014. For every job vacancy, there were 5.7 unemployed people, down from 6.2 recorded 12 months earlier. The national job vacancy rate was 1.6% in April, similar to the rate posted one year earlier. Chosen excerpts by Job Market Monitor. Read the whole story at The Daily — Job vacancies in brief, three-month average ending in April … Continue reading
Canada – Punitive penalties for the Temporary Foreign Worker Program (TFWP) offenders
Employers who break the rules of the Temporary Foreign Worker Program (TFWP) and the International Mobility Program will pay the piper as stiff penalties for offenders were announced last week. On July 6, Pierre Poilievre, minister of Employment and Social Development, said new consequences for businesses found non-compliant with the rules would come into effect … Continue reading
Canada – Interest rate drops to another record low as a recession is feared
The Canadian dollar has plunged to its lowest point since 2009, and the country’s clouded political future became even murkier as the Bank of Canada dropped its key interest rate to a record low for the second time this year, confirming that the national economy is shrinking as the country heads into an election. Bank … Continue reading
Canada – Cities where jobs are booming. But, is the Labour Force Survey right ?
You’d think that, as the epicentre of Canada’s oil industry, Calgary would be bleeding jobs these days. But apparently you’d be wrong. And you’d think that, with few signs in the data of a pickup in manufacturing and exports, Greater Toronto’s job market would be stumbling along. But, again, you’d be wrong. These two cities … Continue reading
Aboriginal Women in Canada – Leading the way in labour markets
Aboriginal women are “leading the way in labour markets,” according to a recent Toronto-Dominion Bank paper that finds they have seen the “largest bounce back” in employment since the 2008-2009 recession, compared with aboriginal men and the non-aboriginal population. They’re also participating more in the labour market. The participation rate among aboriginal women rose by … Continue reading
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