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  • Ontario's middle and working class families are losing ground August 15, 2017
    Ontario is becoming more polarized as middle and working class families see their share of the income pie shrinking while upper middle and rich families take home even more. New research from CCPA-Ontario Senior Economist Sheila Block reveals a staggering divide between two labour markets in the province: the top half of families continue to pile […]
    Canadian Centre for Policy Alternatives
  • Join us in October for the CCPA-BC fundraising gala, featuring Senator Murray Sinclair August 14, 2017
    We are incredibly honoured to announce that Senator Murray Sinclair will address our 2017 Annual Gala as keynote speaker, on Thursday, October 19 in Vancouver. Tickets are now on sale. Will you join us? Senator Sinclair has served as chair of the Truth and Reconciliation Commission (TRC), was the first Indigenous judge appointed in Manitoba, […]
    Canadian Centre for Policy Alternatives
  • How to make NAFTA sustainable, equitable July 19, 2017
    Global Affairs Canada is consulting Canadians on their priorities for, and concerns about, the planned renegotiation of the North American Free Trade Agreement (NAFTA). In CCPA’s submission to this process, Scott Sinclair, Stuart Trew and Hadrian Mertins-Kirkwood point out how NAFTA has failed to live up to its promise with respect to job and productivity […]
    Canadian Centre for Policy Alternatives
  • What’s next for BC? July 4, 2017
    Five weeks ago the CCPA-BC began a letter to our supporters with this statement: “What an interesting and exciting moment in BC politics! For a bunch of policy nerds like us at the CCPA, it doesn’t get much better than this.” At the time, we were writing about the just-announced agreement between the BC NDP […]
    Canadian Centre for Policy Alternatives
  • Could skyrocketing private sector debt spell economic crisis? June 21, 2017
    Our latest report finds that Canada is racking up private sector debt faster than any other advanced economy in the world, putting the country at risk of serious economic consequences. The report, Addicted to Debt, reveals that Canada has added $1 trillion in private sector debt over the past five years, with the corporate sector […]
    Canadian Centre for Policy Alternatives
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Labour market musings

Just a short post ahead of the job numbers that come out from Statistics Canada tomorrow. Five years after the end of the last recession, and Canada’s labour market is still limping along. And it seems to have taken a turn for the worse recently.

While the Conservative government crows about one million net new jobs, they conveniently forget to mention that we would need to add another 880,000 new jobs to the Canadian economy to catch up to our pre-recession employment rate.

On average, that’s about 73,000 jobs per month, every month, for a whole year. This is unlikely to happen given our current job creation trends. Over the past year, we’ve added fewer than 7,000 jobs per month, which is only about one-tenth of what we need to put unemployed Canadians back to work.

Growth

And as we always hear, demographics matter. Here’s what that chart looks like for men and women between the ages of 15 and 64.

demographics

We’re short 300,000 full-time jobs for workers 15-64. In other words, in order for the employment rate of working age Canadians to return to its pre-recession level, we need to add 300,000 full-time jobs in that age category.

That’s half the number of jobs that went missing in the depth of the recession, but double where we were a year and half ago. The situation is getting worse, not better.

Gap

 

Another issue of growing concern is the continued high rate of long term unemployed workers (highlighted by today’s PBO report on EI).

CANSIM Table: 282-0047

CANSIM Table: 282-0047

Just a few things to keep in mind when you’re reading the labour market analysis tomorrow, whatever the monthly numbers say.

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