On November 5th, 2010, Statistics Canada published the October result of its monthly labour market survey. It seems to indicate that the job market recovery has almost stalled, at a time of the year that is normally be characterized by steady job creation. The Vicinity Jobs hiring demand numbers from October also show that hiring pulled down sharply from its peak a month ago. What is unusual this time around is that other economic indicators – such as stock price indices – point to an overall economic recovery.

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According to a newly released report from Statistics Canada, the average weekly employment earnings rose 4.4% to $860.67 from August 2009 to August 2010. This is seen as a sign of strength in the economy, because the last time this growth exceeded 4% was in February 2008.
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A new survey of the Conference Board of Canada projects that due to the unsteady economic recovery, organizations are planning moderate base pay increases in 2011. Non-union employees are expected to see average increases of 2.8% in base pay. Increases in the private sector will be larger than those in public sector – but will vary significantly between different industries and between provinces. Ontario will see the lowest rate of increases in Canada.
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According to Statistics Canada there was little change in employment in September. Full time gains were offset by part-time losses. The rate of unemployment went down 0.1 point to 8.0 percent – but for the wrong reason: Some job seekers, mostly youth, seem to have given up looking for work and dropped out of the labour force altogether. This is disappointing, as economists had expected 10,000 new jobs to be created. This did not quite happen as expected.
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Our community partners at Sheridan Institute of Technology and Advanced Learning in Oakville in partnership with The Peel Halton Workforce Development Group are inviting GTA employers to an event titled “A Lens on Ontario’s Labour Market Future”.

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