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
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.
The self-storage industry in Ontario specifically has experienced significant growth over the past few years. In 2023, the Municipal Property Assessment Corporation (MPAC) found that there were 37.3 million square feet of self-storage in Ontario, which grew by 9% in the last three years with 4.2 million square feet added.
This week Statistics Canada released their 2019 Earnings pay gap among persons with and without disabilities, 2019 (statcan.gc.ca) and earlier this week, Bill C-22, the Canadian Disability Benefit received royal asset and was passed into law. What’s the change about
In the year 2022-2023, Metro Toronto Movement for literacy developed and piloted Organizational Needs Assessments (ONA) to pave the way for workplace literacy pilots in 2023-2024. Organizational needs assessments are important for employers to ensure the alignment of their workforce
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.