This is the time of year when articles list their favourite things about last year, and their “things to watch” for the next year. Naturally, my “things to watch” list will always include the labour market. Where have we seen the strongest job growth or worst job losses, and what are the trends that might […] . . . → Read More: The Progressive Economics Forum: Jobs and Growth after the Great Recession
Congratulations to Statscan on the occasion of the first release from the National Job Vacancy and Wage Survey, with data for the first quarter of this year. The survey received funding from HRSDC to put some hard numbers on job vacancies, and the first tranche of data are impressively granular, providing detail on vacancies at . . . → Read More: The Progressive Economics Forum: Job Vacancies
What follow is a guest blog post from Glenn Burley:
If Science, Technology, Engineering and Mathematics (STEM) and professional fields like medicine, law, and dentistry are the so-called golden ticket to a good job in today’s labour market, what does that say about the current and future health of our economy?
The myth of . . . → Read More: The Progressive Economics Forum: The Myth of STEM Degrees: STEM as the Canary in the Coal Mine
The number of job vacancies recorded by Statistics Canada are at a four year low (job vacancy data collection began in January 2011). The number of unemployed persons has changed very little, and so we have a relatively high number of unemployed persons per job vacancy.
Even though the data is not seasonally adjusted, you . . . → Read More: The Progressive Economics Forum: Job Vacancies Falling
Statistics Canada released their latest job vacancy data today, giving us the three month average ending in January 2014. There were 6.7 unemployed workers for every job vacancy, higher than the past two Januaries. Counting un(der)employed workers gives us a ratio of 14.2 un(der)employed workers for every job vacancy.
That’s a lot of workers without . . . → Read More: The Progressive Economics Forum: About those people without jobs …
Statistics Canada reported today that there were only 199,700 vacant jobs in December 2013, the fewest recorded since it first reported these figures for March 2011.
Statistics Canada began tracking job vacancies in response to claims of a labour shortage by governments and corporate Canada. But the number of vacancies falling below 200,000 casts further . . . → Read More: The Progressive Economics Forum: StatCan Reports Fewest Vacant Jobs on Record
The most recent Jobs Vacancy statistics are out, and the trend for 2013 so far has been a reduction in the number of job vacancies reported by businesses compared to 2012. The number of job vacancies reported by businesses fell by 41,000 between September 2012 and September 2013, so that even though there were fewer . . . → Read More: The Progressive Economics Forum: Fewer Jobs Without People In 2013
A TD Economics Special Report released on October 22nd debunked the popular economic myth spread by Minister Kenney that there are too many jobs without people. The report looks at changes in employment, unemployment, job vacancy rates, and wages. Job vacancy rates are higher for trades occupations in Western Canada, but overall job vacancy rates . . . → Read More: The Progressive Economics Forum: No Widespread Labour Shortage, widespread information gaps.
Every month, Statistics Canada comes out with the unemployment rate, and every month it gets a lot of attention. But the unemployment rate provides quite limited information about the actual health of the labour market.
The addition of two other pieces of information nearly doubles the unemployment rate: the proportion of the labour market employed . . . → Read More: The Progressive Economics Forum: Unemployment is higher than you think.
Upon being appointed Minister of the newly renamed “Employment and Social Development” (formerly HRSDC), Mr. Kenney tweeted his view on the Canadian labour market:
“I will work hard to end the paradox of too many people without jobs in an economy that has too many jobs without people. #shuffle13“
Coincidentally, perhaps, . . . → Read More: The Progressive Economics Forum: About those jobs without people, Minister Kenney
Statistics Canada has released their latest data on job vacancies today, in the Daily. In March 2012 there were 5.8 job seekers for every job vacancy in Canada, down from 6.5 in March 2011. This is mostly because there were about 57 000 fewer unemployed in March 2012 than there were in March 2011, but . . . → Read More: The Progressive Economics Forum: Job seeker to Job vacancy ratio remains high
Following are the notes on which I based presentations to the Senate National Finance Committee on June 6 and the House of Commons Finance Committee on May 29. They summarize key CLC concerns with the Budget Implementation Bill.
Lack of Consultation
The significant changes to the Employment Insurance (EI) program proposed in Budget 2012 should . . . → Read More: The Progressive Economics Forum: The Budget, Employment Insurance and the Unemployed
Here are the most recent Statscan job vacancy data by province. There were six unemployed workers for every reported job vacancy in Canada in the three months ending in January, rising to about ten unemployed workers for every open job slot in Atlantic Canada.
Note that there is no information on what wages employers were . . . → Read More: The Progressive Economics Forum: More on “Labour Shortages”