by Strac Ivanov

Canada’s economy created 18,000 new jobs in the month of December. The unemployment rate edged up to 7.5% (from 7.4% in November) - but only because more people joined the labour force. Ironically, this is actually good news: It indicates that more unemployed people feel that they have decent enough chances to find work. But there is less to December’s employment growth numbers than meets the eye.
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From Brittney Windatt

Employment was little changed for the second consecutive month in August but the unemployment rate rose 0.1 percent to 7.3 percent.  This comes in a month in which the stock markets went through a wild roller coaster ride and we found that GDP growth in the second quarter of this year had turned negative (making it quite likely that we may be in a new recession).  The details do give some reasons for concern.
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We released a new report today that measures the impact of economic slowdown on hiring demand in Ontario’s 905-communities surrounding the city of Toronto, and looks into what may be in store for the future. (more…)

Ammouncement:

CME Ontario is hosting event for employers titled “HUMAN CAPITAL MANAGEMENT: New challenges. New solutions”. 

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Being unemployed is rarely a pleasant experience, but it is particularly hard in recession years. Good news are in a depressingly short supply these days, and maintaining a positive attitude is difficult if you are among the thousands looking for work now. Even when you find and apply for jobs that fit your skills and background, your applications seem to vanish without generating a single response (let alone getting you job interviews).

Yet while the recovery ahead of us may be long and plagued with uncertainties, GTA’s January’s job market reports produced by the Vicinity Jobs Network indicate that the market may have just turned the corner.

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