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.
by Strac Ivanov
Canada’s economy created 18,000 new jobs in the month of December. The unemployment rate edged up to 7.5% (from 7.4% in November) – but only because more people joined the labour force. Ironically, this is actually good news: It indicates that more unemployed people feel that they have decent enough chances to find work. But there is less to December’s employment growth numbers than meets the eye.
Continue reading December Report Paints Mixed Picture of the Health of Canada’s Job Market
Statistics Canada released its monthly Labour Market Survey for November. It shows that, following a notable decrease last month, Canada’s economy lost 19,000 jobs again in November, raising the unemployment rate to 7.4 percent. However, despite recent declines, employment still remains up 1.2 percent from November 2010. And in Ontario, employment actually increased, and unemployment declined. Continue reading Employment Growth in Ontario in November Overshadowed by Declines in Most of Canada
Two economic reports released in the first half of January 2011 paint a confusing, somewhat contradictory picture of Canada’s prospects for economic recovery this year. But both of them agree that any recovery will be subdued, a far cry from the solid recovery many were hoping to see. Continue reading Economic Recovery Will Remain Slow and Volatile in 2011 : Reports
On November 5th, 2010, Statistics Canada published the October result of its monthly labour market survey. It seems to indicate that the job market recovery has almost stalled, at a time of the year that is normally be characterized by steady job creation. The Vicinity Jobs hiring demand numbers from October also show that hiring pulled down sharply from its peak a month ago. What is unusual this time around is that other economic indicators – such as stock price indices – point to an overall economic recovery.
According to Statistics Canada there was little change in employment in September. Full time gains were offset by part-time losses. The rate of unemployment went down 0.1 point to 8.0 percent – but for the wrong reason: Some job seekers, mostly youth, seem to have given up looking for work and dropped out of the labour force altogether. This is disappointing, as economists had expected 10,000 new jobs to be created. This did not quite happen as expected.
Continue reading Canada’s Employment Market Remained Largely Unchanged in September Despite Stronger Hiring Demand
Statistics Canada released its latest labour force survey on Friday (read the full survey here: http://www.statcan.gc.ca/daily-quotidien/100507/dq100507a-eng.htm ), and it seems to be all good news. Employment grew in April at a rate not seen since 2002. In fact, the rate of employment gains in April was comparable to the magnitude of monthly employment losses that we were seeing in the early months of the recession.
Continue reading Statistics Canada Reports Strong Employment Numbers as US Stock Markets Decline
Statistics Canada released its regular monthly Labour Force Survey report today (October 9, 2009) and it contains good news: Employment in Canada increased in September by 31,000 jobs, and unemployment dropped for the first time since the fall of last year. The increase marked the second month in a row in which employment increased in Canada. Unemployment now stands at 8.4% in Canada, at 9.2% in Ontario, and at 7.4% in British Columbia. Continue reading Unemployment Down But Job Market Prospects Remain Uncertain
On September 3rd (with a federal election looming) Steven Harper announced his Government’s decision to “invest” 80 million dollars into Ford’s future. Everyone looked happy: The Government of Ontario, the Opposition, the CAW… The Opposition and the CAW said that this decision was long overdue.
This year’s G8 summit in