Job Market Monitor
Canada
Canada – The cost of running the Canada Pension Plan has more than tripled research finds
The cost of running the Canada Pension Plan has more than tripled, the result of transaction fees and external management fees, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. The study, Accounting for the True Cost of the Canada Pension Plan, spotlights the costs of administering … Continue reading
Indigenous workers in Canada – Unemployment rates are much higher
Unemployment rates for Indigenous workers are much higher than for non-Indigenous Canadian born workers, and are comparable to that of new Canadians. As you can tell by the graph below, the recession was more severe and lasted longer for Indigenous workers and new Canadians. So whenever we’re talking about labour market strategies and good jobs, … Continue reading
Canada – A ‘Good Jobs Summit’ to come (video)
The Good Jobs Summit is a national dialogue between workers, students, governments, employers and community organizations, with the goal of finding solutions and new approaches to jobs and the economy. The Summit will feature a number of high profile speakers, workshops and panel discussions, exploring questions of: How can we turn low income, precarious jobs … Continue reading
Canada Job Report for August – Be very careful with the jobs numbers
Derek Holt, VP at Scotiank Economics, urged clients on Friday to approach Statistics Canada’s latest reading on the country’s labour market with caution, calling some details in the report “very fishy.” According to the agency, the Canadian economy unexpectedly lost 11,000 jobs in August from July, and the number of private-sector employees fell sharply. The … Continue reading
Interns in Canada – Mostly female, underpaid or unpaid
Preliminary findings from an upcoming study on internships in Canada show that the majority of interns are young women who make less than the provincial minimum wage — if they’re paid at all. The study, to be released soon by two researchers at the University of Victoria and the Canadian Intern Association, is aimed at … Continue reading
Canada Job Report for August 2014 – Employment increased by 81,000, mostly in part-time work the last 12 months
But economy shed 11,000 jobs last month… And take care about the way StatCan writes it! From the official press release Employment was little changed in August and the unemployment rate remained at 7.0%. Compared with 12 months earlier, employment increased by 81,000 (+0.5%), mostly in part-time work. Over the same period, the total number of hours worked was virtually unchanged… … Continue reading
Employment Rate in Canada and the United States since the Last Recession – Both flat
The employment rate corresponds to the percentage of the working-age population that is employed. It allows the interpretation of employment growth in relation to population growth. Employment growth that is greater than population growth can be indicative of an improvement in the state of the labour market. The employment rate increases (decreases) when employment growth … Continue reading
(Update) Canada’s False Job Report – Caused by non-responses treatment
Here is StatCan official report: Review of the July 2014 Labour Force Survey release What happened? To implement the changes to the processing system, the team believed that they only needed to modify the derivation and weighting modules. What they did not realize was that the imputation module had a reference to the TABS file … Continue reading
Canada’s False Job Report – Caused by non-responses treatment
Statistics Canada’s investigation into the initial miscalculation of July’s jobs numbers found the issue was related to a major redesign of Canada’s Labour Force Survey, as well as employees’ “incomplete understanding” of processing systems… Statscan’s review of the issue reveals that the survey, which undergoes updates after every census, is in the midst of a … Continue reading
Employment Insurance in Canada – Hamilton hit hardest by new rules
Of all the unemployed in Hamilton, just 21.6 per cent of them are receiving employment insurance (EI) benefits, according to a new report that shows Hamilton has been the hardest hit city when it comes to tighter rules to access EI benefits. The numbers, published by Press Progress, an arm of the progressive think-tank, Broadbent … Continue reading
Canada – Skills shortages have developed in certain fields and regions in recent years OECD finds
Skills shortages have developed in certain fields and regions in recent years. Earnings premiums for people in some professions, notably health, engineering and skilled trades have increased. And vacancy rates have risen for skilled trades, with the increase being particularly large in Alberta and Saskatchewan. While reforms have been implemented to strengthen adjustment so as … Continue reading
Canada – Business entry rate declined from 24.5% to 13.1% from 1983/1984 to 2011/2012 finds StatCan
Firm entry and exit are an important source of dynamism that is essential to a well functioning economy. The entry of new firms is an important source of productivity growth and technology adoption while exit removes less productive firms. Based on a new set of linked, experimental data for the period 1983/1984 to 2011/2012, Canada’s … Continue reading
Employment Insurance, June 2014 in Canada – Little changed
Following a decline in May, the number of people receiving regular Employment Insurance (EI) benefits was little changed in June at 501,900. The number of beneficiaries fell notably in Ontario and New Brunswick, while increasing sharply in British Columbia. The change in the number of regular EI beneficiaries reflects various situations, including people becoming beneficiaries, people … Continue reading
Job Vacancy in May 2014 in Canada – 5.8 Unemployed people for every job vacancy
In May, there were 5.8 unemployed people for every job vacancy, down from 6.3 a year earlier, mostly a result of fewer unemployed people. There were 240,000 job vacancies among Canadian businesses, relatively unchanged from May 2013. The national job vacancy rate was 1.6% in May, little changed from 12 months earlier. via The Daily — Job vacancies in brief, three-month average ending in May 2014.
Canada – The Job Grant applications open in Manitoba, P.E.I, N.L.
Employers in three provinces can now apply for skills training funds under the Canada Job Grant, nearly 18 months after the Conservatives introduced it with much fanfare in the 2013 budget. The government of Manitoba was the first to accept applications last month, with P.E.I. and Newfoundland and Labrador following suit on Tuesday. July 1 deadline missed for … Continue reading
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