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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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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Number of Employment Insurance Recipients in Canada Declining

Statistics Canada reported today that 672,200 people received regular Employment Insurance benefits in July, down 31,400 from June. They also stated that the decline offset the increases in spring and brought the number of beneficiaries to March levels.
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August Employment Figures in Line with Expectations

Statistics Canada has just released the results of its labour market survey for the month of August. The report did not contain any surprises and in line with expectations of various job market players and with hiring demand reports provided by Vicinity Jobs (including ¬†our ¬†forecasts discussed in our blog in recent months). Continue reading August Employment Figures in Line with Expectations