Great insights shared by Headcount Management, offering a comprehensive view of Canada's job market dynamics. Explore emerging opportunities, demographic shifts, and regional employment patterns as we navigate the evolving landscape of work in Canada. #HeadcountManagement #JobMarketInsights #CanadaEmployment
NPAworldwide’s Post
More Relevant Posts
-
📉 **Insight into Canada’s March 2024 Labor Market Shifts** 📉 March revealed a slight chill in Canada's job scene, with a reduction of 2,200 jobs and the unemployment rate climbing to 6.1%. Beyond the numbers, this signals a shift towards an "employer's market," where job seekers might find the ground less favorable. Particularly, sectors like accommodation, food services, and retail are feeling the pinch, while healthcare jobs are on the rise 🚑💼. As we pivot to a market that need for innovation, upskilling, and strategic policy intervention has never been more critical. This transition period offers us a unique opportunity: to reshape our approach to work, employment, and economic growth. Let's leverage this moment to foster a labor market that’s resilient, dynamic, and inclusive. What strategies do you think will help navigate these changes? #CanadaLaborMarket #EconomicAdjustment #FutureOfWork #wisewallethub
To view or add a comment, sign in
-
📊 Friday in Charts 📈 A striking graph shared by The Globe and Mail reveals the divergent paths of job market growth across the public, private, and self-employed sectors in Canada since 2014, with dramatic shifts during and after the 2020 pandemic. - Public Sector Expansion: The surge in public sector employment correlates with record levels of government spending and deficits, with no stopping in sight. - Private Sector Resilience: The private sector, while initially experiencing a precipitous drop in 2020, has demonstrated a robust recovery, aligning with historical growth trends. - Self-Employed Sector Challenges: In contrast, the self-employed and small business sector has suffered a sustained downturn. #JobMarket #PublicSectorGrowth #EconomicRecovery #PandemicImpact #CanadianEconomy #fridaycharts
To view or add a comment, sign in
-
𝐂𝐚𝐧𝐚𝐝𝐚'𝐬 𝐋𝐚𝐛𝐨𝐫 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞: As the summer of 2024 wanes, Canada’s labor market presents a complex picture that calls for attention. The unemployment rate has edged up to 6.6%, a slight but noticeable increase from earlier in the year, highlighting broader economic pressures. Notably, youth unemployment has reached an alarming 14.5%, signaling specific challenges for younger workers. Simultaneously, job vacancies have seen a significant decline to 601,755, pointing towards a tightening job market. This shift is particularly concerning as it suggests fewer opportunities just as more individuals are seeking employment. Moreover, the rise in labor costs, peaking this quarter, adds another layer of complexity, impacting both hiring strategies and operational budgets. Amid these challenges, there's a silver lining with an increase in part-time employment, suggesting a shift in how industries are adapting to the current economic climate. It’s a dynamic scenario that requires resilience and adaptability from both job seekers and employers. As we head into the latter part of 2024, staying informed and proactive will be key to navigating these uncertain waters. 𝐅𝐨𝐥𝐥𝐨𝐰 𝐮𝐬 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐬𝐢𝐠𝐡𝐭s 𝐢𝐧 𝐥𝐚𝐛𝐨𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐭𝐫𝐞𝐧𝐝𝐬. For more detailed insights, check out the latest data here: https://lnkd.in/eXt7vuT #CanadaJobs #LaborMarket #Unemployment #JobVacancies #EconomicTrends #EmploymentInsights #WorkplaceAdaptation"
To view or add a comment, sign in
-
Knowledge Integrator | Business Strategist | Talent Acquisition & Management | HR Management | Recruitment | Entrepreneur | Business Partner | Mentor & Coach | HR Professional | #CandidateAgent
June 2024 Employment — Canada: 20,516,000 (-0.0%) June 2024 Unemployment rate — Canada: 6.4% (⬆️0.2 pts monthly change) 🌤️ June Employment Highlights: Amidst the often negative news, here's a more positive perspective to hopefully lift your spirits: According to #StatisticsCanada, even with a slight decrease in overall employment, June saw several positive trends in the job market: 🔹 Core-Aged Women Leading the Charge: There was a significant rise in employment for women aged 25 to 54, with 19,000 new jobs, highlighting their increasing role and influence in the workforce. 🔹 Sector Expansion: The accommodation and food services sector enjoyed a substantial gain of 17,000 new jobs, indicating a resilient and rebounding hospitality industry. Moreover, the agriculture sector saw a 5.5% rise in employment, contributing an additional 12,000 jobs. 🔹 Wage Increase: The average hourly wage saw a 5.4% increase over the previous year, suggesting a favorable direction for workers' earnings and spending power. 🔹 Annual Progress: There was a 1.1% increase in total hours worked compared to the previous year, signifying a consistent recovery and enhanced productivity in various industries. Let's acknowledge these encouraging signs and keep supporting one another! #EmploymentGrowth #JobMarket #WorkforceDevelopment #WomenInWorkforce #SectorGrowth #HospitalityIndustry #Agriculture #RegionalGrowth #WageGrowth #EconomicResilience #Productivity #PositiveTrends #CareerDevelopment #InclusiveJobMarket #shatteringthemyth #reimagined #inspiredrecruiter #candidateagent #scalablehr #talentnow #kitchentablehr #surreystaffing
To view or add a comment, sign in
-
Long, stressful day at the office? why not cool off by reading a bit about the canadian labour market’s brand new developments in the month of May, the year 2024? Here is an article written by me on just that! #labourmarket #labourmarket2024 #canadajobs #jobmarket
Canada Added 27,000 Jobs In May, New Report Finds
https://www.immigration.ca
To view or add a comment, sign in
-
Navigating the Evolution of Canada's Job Market in 2024 🇨🇦💼 Exciting insights from the latest article on the future of work in Canada. As the job market continues to evolve, remote work is becoming a lasting trend. Read more: https://lnkd.in/gv8jb69f Connect with us at Rize HR as we pave the way for the future of work together.
More softening ahead for jobs market, but wage hikes, hybrid work to have staying power
financialpost.com
To view or add a comment, sign in
-
Canada’s labor market faces a complex landscape as we move into the latter part of 2024. Rising labor costs and an increase in part-time employment add further layers to this evolving picture. Staying informed and adaptable will be crucial for both job seekers and employers. 📉💼 𝐅𝐨𝐥𝐥𝐨𝐰 𝐀𝐒𝐑𝐀 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐬𝐢𝐠𝐡𝐭 𝐢𝐧 𝐥𝐚𝐛𝐨𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐭𝐫𝐞𝐧𝐝𝐬. For more detailed insights, check out the latest data here: https://lnkd.in/eTsWWm7v #CanadaJobs #LaborMarket #Unemployment #YouthEmployment #JobVacancies #EconomicTrends #EmploymentInsights #WorkplaceAdaptation"
𝐂𝐚𝐧𝐚𝐝𝐚'𝐬 𝐋𝐚𝐛𝐨𝐫 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞: As the summer of 2024 wanes, Canada’s labor market presents a complex picture that calls for attention. The unemployment rate has edged up to 6.6%, a slight but noticeable increase from earlier in the year, highlighting broader economic pressures. Notably, youth unemployment has reached an alarming 14.5%, signaling specific challenges for younger workers. Simultaneously, job vacancies have seen a significant decline to 601,755, pointing towards a tightening job market. This shift is particularly concerning as it suggests fewer opportunities just as more individuals are seeking employment. Moreover, the rise in labor costs, peaking this quarter, adds another layer of complexity, impacting both hiring strategies and operational budgets. Amid these challenges, there's a silver lining with an increase in part-time employment, suggesting a shift in how industries are adapting to the current economic climate. It’s a dynamic scenario that requires resilience and adaptability from both job seekers and employers. As we head into the latter part of 2024, staying informed and proactive will be key to navigating these uncertain waters. 𝐅𝐨𝐥𝐥𝐨𝐰 𝐮𝐬 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐬𝐢𝐠𝐡𝐭s 𝐢𝐧 𝐥𝐚𝐛𝐨𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐭𝐫𝐞𝐧𝐝𝐬. For more detailed insights, check out the latest data here: https://lnkd.in/eXt7vuT #CanadaJobs #LaborMarket #Unemployment #JobVacancies #EconomicTrends #EmploymentInsights #WorkplaceAdaptation"
To view or add a comment, sign in
-
Is Canada’s Part-Time Job Surge a Sign of Upcoming Recession? Answers: https://lnkd.in/gTBMsQXH #CanadaJobs #EmploymentTrends #EconomicGrowth Hey everyone! 🌟 Let’s dive into Canada’s most recent employment data and explore what’s really happening beneath the surface. So here’s the scoop: Canada added 22,000 jobs in August, but the catch? All of those positions were part-time. In fact, we actually lost 44,000 full-time jobs at the same time! This trend has been ongoing for over two years, and now we’re seeing full-time employment growth sitting at a mere 0.8% year-over-year. Yikes! 😟 What’s Causing This Shift? Economic Pressures: Many businesses are feeling the pinch, which might lead them to hire part-time rather than full-time staff to save on costs. Changing Workforce Needs: With more people valuing flexibility, part-time work can sometimes seem more appealing. However, this shift could indicate underlying job market issues. How Does This Impact Us? Financial Stability: Full-time jobs typically come with benefits like health insurance and retirement plans. Losing these positions can affect people’s long-term financial plans and security. 💸 Job Insecuri...
To view or add a comment, sign in
-
🚨 CANADA DROPS THE BALL ON JOBS (AGAIN!) 🚨 Well, folks, the July jobs report is out, and it's not exactly sunshine and rainbows. 🌧️ Employment Change: We were expecting a nice boost of +26.9K positions, but instead, we got slapped with a -2.8K loss. Ouch. Full-Time Jobs: Bright spot? We actually gained +61.6K full-time positions. Not bad! But wait for it... Part-Time Jobs: On the flip side, we lost a whopping -64.4K part-time positions. 😬 That's a swing and a miss if I've ever seen one. Participation Rate: Dipped to 65.0% from 65.3%. Seems like a few more people are sitting this one out. Unemployment Rate: Holding steady at 6.4%, but let's not forget—it’s the highest we’ve seen in two years! Youth Unemployment: Here's the kicker—14.2%. Yep, you read that right. The sharpest increase outside of a financial crisis. 🚨 So, what’s next? Could we be looking at a BIG rate cut? 🤔 Probably nothing... or maybe it’s time to buckle up. #CanadaEconomy #JobMarket #Unemployment#InterestRates #EconomicOutlook #FinanceNews #LaborMarket #YouthUnemployment #FinancialCrisis #RateCut #EconomicTrends
To view or add a comment, sign in
-
📈 VPWS Job Market Update: March's Mixed Signals 📉 KEY TAKEAWAYS: 🔹 Employment Remains Steady: March saw a slight dip in employment (-2,200 jobs), keeping the landscape mostly unchanged. The employment rate nudged down by 0.1 points to 61.4%. 🔸 Unemployment On The Rise: The unemployment rate climbed by 0.3 points to 6.1%, marking a year-over-year increase of 1.0 points. 🔹 Youth vs Core-Aged Men: Employment among youth (15-24) dropped by 28,000 jobs, contrasting with a 20,000 job increase for core-aged men (25-54). 🔸 Industry Insights: Notable declines in employment were seen in accommodation/food services (-27,000), wholesale/retail trade (-23,000), and professional services (-20,000). However, health care and social assistance saw a significant jump, adding 40,000 jobs. 🔹 Regional Spotlight: Quebec, Saskatchewan, and Manitoba faced employment downturns, while Ontario enjoyed a boost with 26,000 new jobs. 🔸 Wages & Work Hours: Average hourly wages rose by 5.1% year-over-year. Total hours worked in March were stable, but have increased by 0.7% over the past year. 🔹 Six-Month Trend: The employment rate has been on a downward trend for six consecutive months, despite overall employment growth outpaced by population increases. VPWS will keep you updated on Canada's labor market dynamics as we navigate through these mixed signals. #CanadaJobs #LabourMarket #EmploymentTrends #VPWS #VPWorkforceSolutions #JobMarket #Hiring #Employment #LetsConnect
To view or add a comment, sign in
17,952 followers