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The haves and have nots of Canada's labour market

4 Dec 2012

IN FOCUS December 3, 2012 April 17, 2007 The Haves and Have Nots of Canada’s Labour Market Economics by Benjamin Tal An analysis of Canada’s job market shows This labour market mismatch is big enough there is a growing divide between have not only to reduce the effectiveness of and have not occupations. [...] And in wages are now rising by an average annual rate of 3.9% this context, it is better to assess the skilled labour shortage — more than double the rate seen in the economy as by focusing on occupations that experience both rapidly a whole. [...] As illustrated in Chart 5, despite recent program improvements, the number of certifi cates 40% granted to apprentices is still a fraction of the overall size of 30% the skilled trades labour pool. [...] This pool, which point in time, the jobless rate encompasses both the includes occupations in fi elds such as clerical, food number of unemployed people who recently became services, recreational guides, personal services and sales unemployed and the number of those who have been and services, accounts for 16% of total unemployment unemployed for a period of time. [...] Surplus Labour Digging a bit deeper we fi nd that the infl ow rate (a Total Unemployment Unemployment Rate measure aimed at estimating the fl ow of the newly 9.0 % unemployed into the pool of unemployed) is roughly 8.5 back to its long-term average (Chart 8, left).
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Authors

Tal, Benjamin

Pages
5
Published in
Canada

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