Job Market Monitor
Canada
Canada – Job quality is now at a record low CIBC finds
Job quality in Canada is now at a record low and showing little sign it will turn around in the near future, finds CIBC’s latest Canadian Employment Quality Index. The index, which measures the quality of employment from a compensation perspective, shows declines in all measures and indicates the drop in Canadian job quality is … Continue reading
Canada – Still 270,000 jobs short of full employment says Carolyn Wilkins, Governor Stephen Poloz’s top deputy,
The economy is still 270,000 jobs short of full employment Carolyn Wilkins, Governor Stephen Poloz’s top deputy, warned in a speech Growing angst about the sluggish pace of job creation could provide more cover for the Bank of Canada to lower interest rates again. Carolyn Wilkins, Governor Stephen Poloz’s top deputy, warned in a speech … Continue reading
Canada – 4.8 unemployed people for every job vacancy in November 2014
Canadian businesses reported 247,000 job vacancies in November, an increase of 27,000 compared with November 2013. There were 4.8 unemployed people for every job vacancy, down from 5.6 a 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 1.6% in November, up from 1.5% recorded 12 months earlier. via The Daily — Job vacancies … Continue reading
Yahoo – To cut 100 to 200 jobs, mostly in Canada
Yahoo Inc. is cutting between 100 and 200 employees, mostly in Canada, according to a person familiar with the matter, as Chief Executive Marissa Mayer works to reduce costs at the Internet company. The layoffs, focused on employees in the company’s Canadian offices, would affect roughly 1% of Yahoo’s world-wide staff of 12,500, this person … Continue reading
Canada – A strong majority of households are on track for a secure retirement McKinsey finds
“McKinsey’s latest RRI research shows that a strong majority of Canadian households are on track for a secure retirement. However, 17 percent of households are not on track. Targeted solutions would help Canada address the lack of readiness of these households fairly and efficiently, while remaining a good steward of the economy.” This report is … Continue reading
Employment Insurance (EI) in Canada – The rate of eligibility was 85.8% in 2013, up from 81.9% StatCana finds
The rate of eligibility for receiving regular Employment Insurance (EI) benefits in 2013 was 85.8%, up from 81.9% in 2012. To be eligible to receive regular benefits, unemployed individuals must have contributed to the EI program, met the criteria for job separation and accumulated enough insurable hours (see note to readers). Increases in eligibility rates for regular EI benefits from 2012 to 2013 were … Continue reading
Sears and Target Employees Losing Their Jobs in Canada – A discount and the promise of local job fairs
Sears Canada has followed through on a promise to begin meeting with some of the workers who are losing their jobs at Target Canada. Chief executive Ronald Boire says about 140 Target employees were bused to its Sears headquarters in Toronto last week, part of a nationwide effort to network with potential candidates. “We felt … Continue reading
Canada – Revisions show bigger job losses in December
Statistics Canada on Wednesday revised its December employment data to show a bigger loss of 11,300 jobs from a previously reported decline of 4,300, with a gain in full-time positions cut to 35,000 from 53,500. Part-time job losses improved to 46,300 from a loss of 57,700 that was previously reported Jan. 9. The national unemployment … Continue reading
Canada’s Labour Force Survey (LFS) – The 2015 revisions
The Labour Force Survey (LFS) provides estimates of employment and unemployment, which are among the most timely and important measures of performance of the Canadian economy. With the release of the survey results only 10 days after the completion of data collection, the LFS estimates are the first of the major monthly economic data series to be … Continue reading
Lowe’s Canada – To Hire 2,000 seasonal employees
Lowe’s Canada announced today it plans to hire approximately 2,000 seasonal employees at its stores across Canada to support its spring and summer seasons. The company will also host its first ever National Hiring Day on Saturday March 7th from 9 a.m. to 4 p.m. (local time in each city) at all 37 Lowe’s locations … Continue reading
Immigrant Women’s Labour Market Activity in Canada – The enduring influence of source-country gender-role attitudes
Previous studies have found a strong association between source-country female labour force participation rates and immigrant women’s labour force participation in the host country. This relationship is interpreted as the enduring influence of source-country gender-role attitudes on immigrant women’s labour market activity. However, the assumption that source-country female labour force participation levels closely capture cultural … Continue reading
Automotive Jobs in Canada – Since 2001, more than 53,000 jobs have been lost
The automotive industry’s contributions to the Canadian economy have declined significantly compared to the years between the late 1990s and mid-2000s when automotive manufacturing accounted for eleven per cent of total manufacturing GDP (Sweeney, 2013). While employment in the automotive industry has decreased since 2000, and production capacity in several segments has declined, the industry … Continue reading
Canada – Excluding pension assets, family units with RPP assets had a median net worth of $210,600 in 2012 StatCan finds
This study compares the wealth holdings of family units covered by workplace pension plans with those of other family units. It focuses on families and unattached individuals who had no significant business equity and whose major income recipient was aged 30 to 54 and employed as a paid worker. The paper also examines whether wealth … Continue reading
Canada Job Report – Virtually unchanged on both fronts
Employment in December was virtually unchanged (-4,300), as gains in full-time work were offset by losses in part time. The unemployment rate remained at 6.6%. Employment gains in 2014 amounted to 186,000 (+1.0%), with increases in the second half of the year accounting for most of the growth. Compared with 12 months earlier, the total number of hours worked increased by 0.7%. Chart 1 … Continue reading
Canada – Top Jobs for 2015 by CareerBuilder and Economic Modeling Specialists Intl
Workers resolving to look for a new job or change careers in the New Year will have ample opportunities, depending on where they are looking. To help workers get an idea of which jobs are growing the fastest in which areas, CareerBuilder.ca and Economic Modeling Specialists Intl. looked at the jobs with the highest projected job … Continue reading
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