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The World of Work Now - Employment Brief

Friday, April 4, 2014
The World of Work Now Employment Brief

Unemployment Rate across Canada, March 2014

Canada 6.9%, PE 11.8%, SK 4.5%

Canada created 43,000 jobs in March. The country's unemployment rate dropped by 0.1 % to 6.9%.

Canadian weekly earnings rose 3% year-over-year in January to $924.77 but there was no significant increase from the previous month. Additionally, employees worked an average 32.9 hours per week in January, compared to 33 hours in December 2013.

Statistics Canada reported that the GDP rose 0.5% in January following a 0.5% decrease in December. This is beyond the 0.4% increase that analysts had forecast.

An economic report on Canada's manufacturing segment suggests that factories that have made it through the 2008 recession have positioned themselves for “better times.” Since the crisis, one-fifth of firms disappeared and the industry is still 10% below pre-recession highs.

Liberal budget for Ontario to be announced on May 1st, 2014. According to CBC News Toronto, the Liberals are planning a series of 35 funding announcements that will add up to about $5.7 billion in new spending.

Minimum wage increases across Canada: Ontario – $10.25 to $11.00, Saskatchewan – $10.00 to $10.20, Quebec – $10.15 to $10.35, Nova Scotia – $10.30 to $10.40.

Canadian non-farm payroll employment fell by 7,000 in January but increased by 1% or 160,100 year-over-year according to a Statistics Canada report.

The average price of buying an existing home over February was $406,372, up 10.1% from the previous year. Policy makers don’t have a plan to slow the growth of the housing market.

Ontario’s Ministry of Labour has decided to tighten both regulations and inspections on unpaid internships. Two of the best-know magazines in the country, the Walrus and Toronto Life Magazine have received compliance orders for violations of several standards.

Nova Scotia has introduced a new immigration plan entitled the Regional Labour Market Demand Stream. It provides an alternative to more restrictive immigration programs mainly because it isn’t based on a point system and doesn’t require a job offer when an application is submitted.

Ontario’s 2014 Sunshine list has been released. The lists details the names of the top public servants who earn more than $100,000 a year and increased 11% last year to 97,796 names. However, the average salary also saw a slight decrease to $127,433.

The Canadian Centre for Policy Alternatives has reported that Canada’s 86 richest people or 0.002% of the total population are making as much wealth as the country’s poorest 11.6 million – almost one third of the population.

The Ontario Teachers' Pension Plan recorded a 10.9% return in 2013. Its assets reached a record high of $140.8 billion.

Workers at Toyota’s three plants in Ontario will vote next week to join Unifor and become the first unionized plants in North America.

The Automotive Industries Association of Canada (AIA) maintains that the existing national skills shortage is severely impacting Canada’s automotive aftermarket industry with a growing number of job vacancies and not enough skilled workers to fill them.

Only 45% of employers in Ontario support enhancing the Canadian Pension Plan or introducing and Ontario Pension Plan. Pooled registered pension plans were the most popular option with 85% of employers choosing this type of savings plan.

After a strike that lasted less than 24 hours, Nova Scotia passed a law on essential services despite strong protests by dozens of nurses and union activists.

British Columbia has released a road map with 15 recommendations to attract foreign workers and fill 100,000 prospective jobs in natural gas. The province plans to collaborate with the federal government to provide more training and job search support to foreign workers.