Retaining older employees who are nearing retirement is a strategic approach to addressing labor shortages. Here’s a guide based on a StatsCan survey and various studies, including solutions to potential barriers: By implementing these strategies, employers can effectively retain older,
December Labour Lowdown: Toronto’s Labour Market is Navigating Economic Uncertainty
As 2024 draws to a close, Toronto’s labour market finds itself at a crossroad. From shifting employment trends to industry-specific challenges and broader geopolitical pressures, the city’s labour market faces uncertainty. Toronto’s employment rate stood at 61.8% in November 2024,
Now More than Ever. Measuring Job Churn.
In Canada’s rapidly evolving economy, measuring job churn—the movement of workers into and out of employment—is essential for understanding labour market dynamics. This is particularly critical in Ontario, the country’s economic powerhouse, where cities like Toronto, Ottawa, London and Hamilton drive
November JobsTO Labour Lowdown
Toronto’s labour market remained in a holding pattern in October with conditions showing little change from earlier this fall. The unemployment rate ticked up marginally to 7.5% but still well below the rates seen during the summer. Over the past
Inclusive Hiring How to: Hiring from Underutilized Labour Pools, including Disabled Persons
This guide aims to assist employers in tapping into underutilized labor pools such as veterans, disabled persons, and underrepresented groups facing barriers to entering the labor force. It provides strategies to make the hiring process more inclusive and effective.
June Labour Lowdown
Employment Conditions Improve in May
After months of lagging behind other regions of Canada in job creation, Toronto led the country by adding over 30,000 jobs in May. Unemployment ticked lower to 8.3% while the employment rate increased from 60.4% from 59.8%. Unfortunately, Toronto’s unemployment rate of 8.3% remains well above the national average of 6.2%.
February Labour Lowdown
Toronto’s unemployment rate jumped to 8.2% last month, an increase of 0.7% from January 2024. The employment rate dipped by 0.4% to 59.8% while labour force participation rates stood steady at 65.2%. Statistic Canada notes that the increase in unemployment
The AI Effect: Exploring the New Frontiers of Employment in Toronto
Automation’s impact on Toronto’s labor market is nuanced. Industries such as agriculture, manufacturing, and transportation, which traditionally employ a significant number of lower-skilled workers, are at a higher risk of job displacement due to AI and robotics. However, technology is also a net job creator, promising new roles that currently do not exist and altering existing jobs to work alongside AI, enhancing human labor rather than replacing it.
Beyond the Buzz: Reflecting on the Great Resignation that Wasn’t
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.