Job Market Monitor
Canada
Canada / Men with high school by 1991 earned $206,000 more over 20 years than than those who didn’t, women $161,000
A new study that followed a group of men and women for two decades reports that men who had finished high school by 1991 earned $206,000 more over those 20 years than men with no high school diploma. For women, the difference between the two groups was $161,000. The dollar figures are expressed in 2010 constant dollars to account for inflation Continue reading
Canada / One-third will look for a new job in 2014
While 2013 ended on a down note, with the loss of 48,000 jobs across Canada in December, a new study conducted by Ipsos-Reid on behalf of Randstad Canada shows that Canadian workers are entering 2014 with a cautiously optimistic outlook for the job market and economy overall this year. The Randstad Canada Labour Trends Study … Continue reading
Canada / 5.7 unemployed people for every job vacancy, up from 5.1 one year earlier
In October, there were 231,000 job vacancies among Canadian businesses, a decline of 37,000 compared with October 2012. There were 5.7 unemployed people for every job vacancy, up from 5.1 one year earlier, as the decline in vacancies was at a faster pace than the decline in the number of unemployed people. The national job vacancy rate was 1.6% in October, down from 1.8% 12 months earlier. Chosen … Continue reading
Atlantic Canada / 10 Apprenticeship programs being harmonized
Within the next four years, the project will harmonize 10 trades across the four provinces beginning with bricklayers, cooks, instrumentation and control technicians and construction electricians Continue reading
Canada / Economists on the Job Report
Here’s what top economists are saying about the numbers: Derek Holt and Don Zigler, Scotiabank (Report titled ‘CDN JOBS SHOCKER) What a way to end a year and it reinforces our argument since last Fall that there should be a higher probability of a rate cut from the BoC priced into the curve alongside sharply … Continue reading
Canada / The myth of the skills shortage
Canada’s federal politicians are fond of trumpeting that Canada’s economy has performed better than almost any other jurisdiction, and that we should be thankful for their “prudent economic management.” In actual fact, however, the hard numbers indicate that Canada’s jobs performance has been ho-hum at best — and isn’t getting any better. Part of the … Continue reading
Job Vacancies in Canada / 6.0 unemployed people for every job vacancy up from 5.2 one year earlier
The increase in the unemployment-to-job vacancies ratio was the result of fewer job vacancies, as the number of unemployed people was little changed Continue reading
Employment Insurance (EI) in Canada / The number of beneficiaries fell 8.4% in a year
Provincially, British Columbia, Alberta and Saskatchewan were the only provinces with notable increases in the number of regular EI beneficiaries in October compared with September, while New Brunswick was the lone province to experience a decrease over the same period Continue reading
Pension Plans in Canada / Membership in registered pension plans (RPPs) up 0.8%
Membership in public sector pension plans rose by 0.6% to 3,160,000, while the number of members in private sector plans increased 1.0% to 2,954,700. The public sector accounted for 52% of total membership in RPPs Continue reading
Canada / Moore should remember that Poverty costs Canada billions of dollars every year
Here’s something Industry Minister James Moore should know, after making his remark that the federal government is not in the business of feeding Canada’s poor children. Every year, Campaign 2000, a non-partisan public education movement to build awareness around poverty issues in Canada, releases a report on the state of our country’s children. It doesn’t … Continue reading
Canada / Child poverty is not a federal matter says Minister James Moore
Looks like Ottawa won\’t be helping provinces out with child poverty. In a report released on Sunday, Federal Minister of Industry James Moore told News1130 that it is not his job to help British Colombia end its growing child poverty problem. “Is it my job to feed my neighbour’s child? I don’t think so,” Moore … Continue reading
Canada / The weakest job performance in a non-recession year since 2001
Canadian employment rose a steady, if unspectacular, 21,600 in November, keeping the jobless rate steady at 6.9%. However, the jobs picture isn’t exactly encouraging on a year-to-date basis, up only 147.9k, the weakest in a non-recession year since 2001. Compared to November 2012, employment is up a meagre 1%, with both the goods and services … Continue reading
Millionaire immigrants in Quebec / Just 10% still there 5 years later
The vast majority of millionaire immigrants who come to Canada through Quebec’s immigrant investor program do not stay in that province, allowing Quebec to keep millions in job creation dollars while other provinces carry the costs of settlement Continue reading
Canada / All the jobs created since a year were in the low-paying, economically insecure, sales and service occupations
From November 2012 until November 2013 economist Andrew Jackson reports that all the jobs created in Canada were in the low-paying, economically insecure, sales and service occupations. The CPC are the bad jobs party. An in-depth report done in 2013 by McMaster University and the United Way looked at how people living in the Greater … Continue reading
Canada / Governments slash jobs at record pace
Canadian governments are slashing jobs with notable speed, one of the reasons behind the weaker showing in the labour market. Continue reading
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