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  • Charting a path to $15/hour for all BC workers November 22, 2017
    In our submission to the BC Fair Wages Commission, the CCPA-BC highlighted the urgency for British Columbia to adopt a $15 minimum wage by March 2019. Read the submission. BC’s current minimum wage is a poverty-level wage. Low-wage workers need a significant boost to their income and they have been waiting a long time. Over 400,000 […]
    Canadian Centre for Policy Alternatives
  • CCPA-BC joins community, First Nation, environmental groups in call for public inquiry into fracking November 5, 2017
    Today the CCPA's BC Office joined with 16 other community, First Nation and environmental organizations to call for a full public inquiry into fracking in Britsh Columbia. The call on the new BC government is to broaden a promise first made by the NDP during the lead-up to the spring provincial election, and comes on […]
    Canadian Centre for Policy Alternatives
  • Income gap persists for racialized people, recent immigrants, Indigenous people in Canada October 27, 2017
    In the Toronto Star, CCPA-Ontario senior economist Sheila Block digs into the latest Census release to reveal the persistent income gap between racialized people, recent immigrants, Indigenous people, and the rest of Canada.
    Canadian Centre for Policy Alternatives
  • CCPA in Europe for CETA speaking tour October 17, 2017
    On September 21, Canada and the European Union announced that the Comprehensive Economic and Trade Agreement (CETA), a controversial NAFTA-plus free trade deal initiated by the Harper government and signed by Prime Minister Trudeau in 2016, was now provisionally in force. In Europe, however, more than 20 countries have yet to officially ratify the deal, […]
    Canadian Centre for Policy Alternatives
  • Twelve year study of an inner-city neighbourhood October 12, 2017
    What does twelve years of community organizing look like for a North End Winnipeg neighbourhood?  Jessica Leigh survey's those years with the Dufferin community from a community development lens.  Read full report.
    Canadian Centre for Policy Alternatives
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The Progressive Economics Forum

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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