Keeping informed of labour market events is vital when helping job seekers understand where opportunities lie and how industries evolve both locally and nationally.
Labour market data provides valuable information for many employers as skill shortages arise and demand for labour outweighs the supply. This information may be of great assistance when developing future business strategies.
Government of Canada Job Trends and News
Statistics Canada released their Labour Force Survey in January of 2014, showing that the Canadian economy added 29,000 jobs last month. The unemployment rate declined from 7.2% to 7.0%. The growth in employment in Canada was attributed to an increase in availability of full-time work.
Statistics Canada’s Labour Force Survey
It was noted that employment increased by 15,000 jobs in the transportation and warehousing sector. In contrast, declines were seen in business, building and other support services (-25,000) and public administration (-16,000). Over the past 12 months, employment growth was seen in 5 industries in Canada: professional, scientific and technical services; finance, insurance and real estate and leasing; healthcare and social assistance; utilities; and natural resources.