The study, which analyzed data from over a million employees at 1,620 retail chains over 22 months, found that layoff announcements have a strong, immediate impact. These announcements often heighten feelings of job insecurity among remaining employees, precipitating a wave of voluntary departures. This reaction underscores the need for careful communication and support strategies during such announcements.
Across Canada, labour market conditions weakened in November with unemployment rates increasing and layoffs on the rise compared with a year ago. The softer job market conditions come as high interest rates weigh on economic growth and a ballooning population adds to the number of people looking for work. Toronto bucked the national trend with our unemployment rate actually declining from 6.5% to 6.3%.
Welcome to the first installment in our new, comprehensive series exploring the Canadian labour market’s ongoing challenges. In this series, we will delve into the persistent labour shortages, examine how employers are grappling with retention & attraction issues and provide
In October, Toronto’s unemployment rate rose to 6.6 per cent last month as job opportunities became somewhat less scarce in an economy being weighed down by high interest rates and uncertainty.
JobsTO Labour Lowdown. September 2023 While Toronto CMA’s employment rate marginally improved in September there was a slight decline in both the employment and participation rates. Employment increased among core-aged (25 to 54 years) women and men while little changed
Employment rates in Toronto held steady for a second consecutive month in August according to Statistics Canada with the employment rate declining by 0.3% to 67%. Across Canada, on a year-over-year basis, average hourly wages rose 4.9% (+$1.56 to $33.47) in August, following an increase of 5.0% in July. Total hours worked were up by 0.5% in August and by 2.6% on a year-over-year basis.
Toronto’s labour market continued to show signs of resilience and strength during July. Toronto’s rate of unemployment remained stable as it rose slightly to 6.1 percent. The participation rate (those working or actively looking for work) remained at 68 percent, well above pre-pandemic levels. Economists note that an increase in the number of people participating in the labour force has positive impact on the overall economy.
People have an innate compulsion to categorize, to make sense of chaos and confusion, and to right their place in the world. Labels give us a sense of order and often provide the media with a simple way of describing what is going on – whether in pop culture, politics or even our complicated labour markets.
Event Recap of the Think Design: A Labour Market Analysis of Toronto’s Design Sector Presentation
Design is recognized around the world as a key to economic and social prosperity. Toronto is well positioned to take advantage of this current design focus with a critical mass of designers working in the design disciplines of architecture, landscape