Job Market Monitor
Canada
Canada’s Jobs and Opportunities Agenda – Finance minister admits he doesn’t know
Finance Minister is admitting he doesn’t know how many jobs last week’s federal budget will create. Despite insisting that the budget will create jobs through measures such as the small business tax cut, Oliver told CTV’s Question Period that he doesn’t know how many. “We have forecasts for the growth and the economy. I don’t … Continue reading
Job vacancies in Canada in January 2015 – 5.5 Unemployed people for every job vacancy, down from 6.8 the same month one year earlier
Canadian businesses reported 225,000 job vacancies in January, up 33,000 compared with January 2014. For every job vacancy, there were 5.5 unemployed people, down from 6.8 the same month one year earlier. This decline in the ratio was the result of both fewer unemployed people and more job vacancies. The national job vacancy rate was 1.5% in January, up from 1.3% recorded 12 months earlier. For 2014 as a whole, … Continue reading
Retirement and Unemployment in Canada – Workers in regions with higher unemployment rate retire two years earlier
Workers in economic regions that had a higher unemployment rate were expected to retire two years earlier, on average, than workers in economic regions with a lower unemployment rate. In 2007, for example, workers in the economic regions with higher unemployment rates, 9.7% on average, were expected to retire at 62.7 years of age. Conversely, workers in economic regions … Continue reading
Employment Insurance, February 2015 in Canada – Rose by 2.0% following five months of little change
The number of people receiving regular Employment Insurance benefits rose by 2.0% (+9,900) to 509,800 in February, following five months of little change. Compared with 12 months earlier, the number of beneficiaries was down slightly (-0.7% or -3,500). In February, the number of beneficiaries rose notably in several provinces compared with a month earlier, with Alberta experiencing the largest increase … Continue reading
Express Entry in Canada – A downward trend in qualifying scores
Citizenship and Immigration Canada has completed another round of draws from the new Express Entry pool. The draw, completed on March 28, 2015 resulted in 1,637 Invitations to Apply (ITA) for Permanent Residence. The lowest qualifying score was 453. Express Entry is Canada’s new immigration application management system. Candidates are awarded points meant to measure … Continue reading
Canada – The services industry fast-growing exports is good for the job market
Some of our fastest-growing exports are in the overlooked services sector. That’s good for Canada’s job market. As a small, open economy, we depend on trade with other countries for prosperity and the high standard of living for which Canada is known. Commodities and manufactured goods traditionally formed the foundation of our identity. Services are … Continue reading
Temporary Foreign Workers in Canada – Permits expire for those who have been in the country for more than four years
Thousands of temporary foreign workers could be heading to airports to leave Canada Wednesday as permits expire for those who have been in the country for more than four years. The Conservative government set April 1, 2015 as the deadline for temporary foreign workers in low-skilled jobs to either become permanent residents or leave the … Continue reading
Canada – The Employment Insurance Operating Account
The Employment Insurance Operating Account was created on 1 January 2009. It is a consolidated specific purpose account, meaning that it includes program-related revenues credited and expenses charged to this account under the Employment Insurance Act.8 EI premiums are paid into the Consolidated Revenue Fund (CRF), which includes general government revenues such as taxes,9 and … Continue reading
Employment Insurance in Canada , January 2015 – Virtually unchanged from the previous month
The number of people receiving regular Employment Insurance (EI) benefits totalled 496,600 in January, virtually unchanged from the previous month. Compared with January 2014, the number of beneficiaries decreased by 14,200 or 2.8%. In January, four provinces had more beneficiaries compared with a month earlier: Newfoundland and Labrador, Alberta, Saskatchewan and Nova Scotia. In contrast, there were fewer beneficiaries in British … Continue reading
Canada – Substantial gap in salary compensation in favour of government or public sector employees CFIB finds
The broad public sector is a major employer in Canada. As a group, it employs 3.6 million Canadians—more than one job in five. Because the large share of these jobs are supported in whole or in part by tax revenues, it is certainly appropriate to question how representative and appropriate public sector salaries are in … Continue reading
Immigration in Canada – Express Entry: two months into the launch
We are two months into the launch of Citizenship and Immigration Canada’s (“CIC”) Express Entry system for managing certain applications for permanent residence. The new system has come under serious fire and there is pressure on the government from the Canadian Bar Association and affected stakeholders to change the way the system works and impacts … Continue reading
Microsoft’s Training Centre in BC – Mostly foreigners
A majority of workers at a new Microsoft Canada training centre in Vancouver would be drawn from the ranks of foreigners, according to draft plans obtained under British Columbia’s freedom of information laws. Both the federal and provincial governments have praised the Microsoft Canada Excellence Centre as a project that will boost the B.C. economy and create … Continue reading
Immigrants to Canada – The ‘New Gateways’ and immigrant selection programs and immigrant source regions
Canada and the United States have recently experienced an increased regional dispersion of entering immigrants. American research suggests that a mixture of economic push factors (away from states like California) and pull factors (toward states with growth of low-wage jobs), as well as changing government policies and regulations contributed to the development of the ‘New … Continue reading
Job vacancies in Canada in December 2014 – 5.0 unemployed people for every job vacancy down from 6.2 a year before
Canadian businesses reported 233,000 job vacancies in December, up 30,000 compared with 12 months earlier. For every job vacancy, there were 5.0 unemployed people, down from 6.2 in December 2013. This decline in the ratio was the result of both fewer unemployed people and more job vacancies. Unemployment-to-job vacancies ratio declines in four provinces In Nova Scotia, there were 6.6 unemployed people for every job vacancy, down from 10.6 in … Continue reading
Canada, February 2015 – The unemployment rate rose by 0.2 percentage points to 6.8%
Employment was unchanged in February, while the unemployment rate rose by 0.2 percentage points to 6.8% as more people searched for work. In the 12 months to February, employment increased by 130,000 (+0.7%) with most of the growth in the second half of the period. Compared with February 2014, full-time employment rose by 121,000 (+0.8%), while there was little change in part-time work. Over the … Continue reading
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