Statistics Canada’s report for March 2014 is out. It registered a slight improvement in the job market situation in March, but points out that employment growth in Canada has been subdued for the last 6 months. Overall, in the 3 months before March, Canada’s labour market performance has been somewhat disappointing, so the fact that the economy created 43,000 new jobs in March is good news. Are things starting to turn around?
BC’s Fraser Valley is an exciting place. It is growing up and going through an important demographic transformation: Not long ago, its economy was dominated by agricultural businesses. Today it is the place where much of BC’s population growth is occurring. This trend is likely to accellerate in the coming years, and the reason is quite simple: Being right next door to Vancouver and the US, the Fraser Valley has something that Vancouver doesn`t: Sufficient land that can be (and is being) developed to accommodate new businesses and residents.
written by Strac Ivanov, MBA, President of Vicinity Jobs Inc
The media buzz created by Statistics Canada’s latest Labour Market was hardly comforting. The economy lost 46,000 jobs in December and unemployment crept up 0.3 percentage points to 7.2% — making December one of 2013’s highest unemployment months (on par with March and April). In fact, it now seems that unemployment has hardly budged ever since reaching its current levels back in November 2012. Economists agree that Canada`s economy is not firing on all cylinders, so there should be room for the economy to grow faster, which should in turn result in employers hiring more and laying off less. The fact that this isn’t happening is a cause for concern.