2 Nov 2011

Quality, quantity of jobs diminishing

The job situation in Canada is deteriorating considerably, as both the quality and quantity of jobs has declined during the past several months, a new survey suggests.

Recent numbers released by the government reveal that the Canadian economy generated just 17,000 new jobs per month between July and September, which is down from 29,000 new jobs per month in the second quarter and 33,000 per month in the first quarter of 2011.

Adding insult to injury is the decline in the quality of jobs. The Canadian Imperial Bank of Commerce's Employment Quality Index dropped half a percent in the third quarter and is down 1.5 percent since February.

Benjamin Tal, CIBC's deputy chief economist, said Canadians should expect more of the same in 2012.

"Looking ahead, the likelihood is that employment quality in the coming year or so will soften," said Tal. "Key here will be softer public sector hiring in general, and public sector construction activity in particular."

When times are difficult, many Canadians seek self-employment. Jiffy Self Storage Home Office offers all the amenities that a typical office space has but with less overhead.

Be Sociable, Share!

Related Articles [3]

2 Tips For Choosing The Right Packing Supplies

February 12th, 2016
Having a pre-prepared list of all of the packing supplies you will need to move your belongings into a storage unit or a new home will make the move much less stressful. For...

How Renting A Storage Space Helps Your Business’ Revenue

January 15th, 2016
It might not seem immediately obvious, but how you utilize your office space can have a direct and observable impact on your business’ revenue. Make sure that you are...

How To Set Up A Small Office Space

January 11th, 2016
Most of us haven’t attained the cushy corner office yet, complete with sitting area, bar and L-shaped executive desk so we have to make do with less space. This means that...

Leave a Comment

Recent Posts

Blog Categories


Subscribe to RSS Feeds
Essential SSL