The Tough Economic Reality Caught Up with Canada’s Job Market in March

Until March, Statistics Canada’s reports were painting a pretty rosy picture of Canada’s job market. In my blog posts from the past few months, I wondered where the employment growth was coming from. Last month, I suggested that Canada’s employers may be simply delaying layoffs to see where the economy is going. We (Vicinity Jobs) recorded a weak hiring demand levels since last October, and I predicted that unemployment will start creeping up again in the very near future unless the economy turns around. In March, Canada’s economy lost 55,000 jobs, and unemployment increased 0.2 percentage points to 7.2%.

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Manufacturing Job Declines Offset by Job Growth in Service Sectors in February

On Friday, March 8th, Statistics Canada reported that Canada’s unemployment rate remained unchanged in February at 7%. The economy created 51,000 jobs, but the increase was offset by a corresponding increase in the number of people looking for work. February was supposedly a good month for those looking for work in the hospitality industry and in the professional services industry, but a bad one for manufacturing industry workers.

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5 Carbon Tax Myths That are Built on Misconceptions

Written by Strac Ivanov, president of Vicinity Jobs Inc

Do we need a carbon tax? Can our economy afford it? There have been countless debates on this. Most people seem to agree that pollution costs money and needs to be controlled, but there is less agreement on how this should be done and to what extent. The challenge: Finding an acceptable balance between short-term economic prosperity and long-term sustainability.

It is remarkable how many politicians and special interest groups abuse this complex economic and environmental debate to promote their own partisan views and attack each other. Unfortunately, in dumming down the debate they have introduced misconceptions that get in the way of making sound policy decisions.

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Employment in Canada Increased in December 2012: But Where Are the Jobs?

Written by Strac Ivanov, president of Vicinity Jobs Inc

Statistics Canada latest labour market survey for 2012 is surprisingly upbeat, reporting job growth (mainly in Ontario) and an unemployment rate decrease. In fact, unemployment is now officially at its lowest level in 4 years.

The problem: These findings fly in the face of major trends reported in other key economic reports and announcements (including StatsCan’s own) from the past month. Expect a downward correction in early 2013.

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Strong November Job Market Performance Unlikely to Last

By Strac Ivanov ¬†

According to Statistics Canada, Canada’s economy added nearly 60,000 jobs in November 2012, beating even the most optimistic forecasts. Unemployment dropped, for the first time in 5 months, and is now at 7.2%. Sadly, ¬†such strong performance is unlikely to be repeated in the coming months. The hiring spree was short lived: Monthly hiring demand that we measure in Ontario has already dropped to one of its lowest levels since 2012.

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Canada’s Job Market Showed Unremarkable Peformance in October

Statistics Canada released its latest Job Market on November 2nd, and it shows that Canada’s economy only created less than 18,000 jobs in October. Virtually all were government-funded jobs, while private sector employers actually let more people go than they hired. The 18,000 new jobs were not enough to move the unemployment rate, which remained unchanged at 7.4% . While this performance came after two months of more convincing employment growth, it makes it hard to predict where the job market will go from here. Vicinity Jobs recorded a strong hiring demand in October and this may lead to a better job market performance in November. But the uncertainties persist.

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Canada’s Economy Created 34,000 Jobs in August as Hiring Demand Soared

August’s hiring demand (tracked by Vicinity Jobs in Ontario’s York Region but representative of the general trend for most of Canada) soared to levels not seen since May 2008. Statistics Canada’s monthly labour market survey also points to a surprisingly strong August, although the unemployment rate remained unchanged as more people joined the labour force. These numbers come in a period when the US economy reportedly created a disappointing 96,000 jobs, the recession in the European economies seems far from over, and at home, the debt load of Canadian household remains at a record high.

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July’s Unemployment Growth May Signal More Trouble Ahead

Canada’s economy lost 30,000 jobs in in July 2012, pushing the unemployment rate up 0.1% to 7.3%. The Statistics Canada labour survey report for July shows that most of the jobs lost were part-time, and among women aged 55 and over. The losses were concentrated in a handful of provinces, including BC, Quebec, and Manitoba, while employment remained unchanged in most other provinces, including Ontario and Nova Scotia.

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Market for Jobs in Canada Shows Surprising Resilience in Spite of Global Economic Uncertainty

Written by Strac Ivanov

June 11, 2012: According to Statistics Canada’s labour market survey, released on Friday, June 8th, Canada’s job market seems to be weathering the global economic uncertainties quite well – at least for the time being. A separate report tracking hiring demand that we (VicinityJobs.com) release each month also points to signs of strength in the job market.

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