There’s not a whole lot of hiring going on across Canada at the moment.
For the last 15 months year over year job growth has been under 1 percent. Apparently this makes it the longest stretch of such low growth outside of recessions in almost 40 years of record keeping.
Employers shed 1,000 positions last month, according to Statistics Canada, and the jobless rate rose two notches to a five-month high of 6.8 per cent as more people looked for work. Annual employment growth has hovered at about 0.6 per cent in the 15 months since December, 2013.
The last period of least 15 months of growth below 1 per cent was during the 2008-2009 recession, when often it slumped into negative territory, according to Statistics Canada.
It’s not all bad news though. While full time employment is not seeing gains temporary and self employment is growing:
In the past year, temporary employment has climbed 2.3 per cent while permanent positions are up 0.1 per cent.
Temp employment – which includes seasonal, contract and casual jobs, accounts for 12 per cent of the total. Self-employment has jumped 2.2 per cent in that time, public-sector employment by 1.2 per cent and that in the private sector by by 0.2 per cent.
Read the full article here.
