Canada's economy gained a net 39,800 jobs in May, entirely in full-time work, Statistics Canada said on Friday. The jobless rate edged down to 5.1%, a new record low. Employment in the goods producing sector fell by a net 41,200 jobs, mostly in manufacturing. The services sector grew by a net 80,900 positions, mostly in wholesale and retail trade, as well as educational services. Source - https://ca.finance.yahoo.com/news/instant-view-canada-gains-39-125410600.html

1. Labor and Employment Market –
Canada – May 2022
PAUL YOUNG CPA CGA
JUNE 10, 2022

2. Paul Young - Bio
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube -
https://www.youtube.com/user/youngercga1968/videos

3. Agenda
 USA vs Canada – Employment –
 Employment by sector
 Above vs Below Wage
 Blog / Middle Class
 Blog / Job Quality
 Blog – New Normal
 Blogs / Employment
 CERB

4. USA vs Canada Employment Cdn Jobs Silver
Lining in Reopening Playbook.pdf
BMO - USA
Employment - 202203.pdf
Canadian Jobless
Rate Going Low.pdf
U.S. Jobs Still Hiring
Like a Maverick.pdf
Canadian
Employment (May) — Labour Market Stays Strong.pdf

5. Urban Area
Source -
https://economics.bmo.com/en/public
ations/detail/4407ff62-e221-4fe7-
a59a-ed1a2e7760fa/

6. SOURCE - HTTPS://WWW150.STATCAN.GC.CA/N1/DAILY-QUOTIDIEN/220610/DQ220610A-
ENG.HTM
Above Average Wages vs Below Average Wages

7. Employment / Analysis

8. Feb 2020 vs May 2022

9. May 2022 vs Apr 2022

10. Job Quality / Crisis
• The focus on all level of government should be on policies that will encourage FDI and innovation -
https://www2.slideshare.net/paulyoungcga/2019-election-innovation-and-rd-canada-2014-to-2017
• More focus on tax policies in areas of environment including CCA as part of capital investment in areas like waste
management or CO2 recapturing or energy production or other areas - https://www2.slideshare.net/paulyoungcga/how-
to-best-support-a-circular-economy
• Re-thinking the green reset to ensure there is more balance between environmental/climate change policy and
supporting economic growth - https://www2.slideshare.net/paulyoungcga/natural-resources-canada-how-best-to-get-
goods-to-market or https://www2.slideshare.net/paulyoungcga/getting-goods-to-market-what-needs-to-happen-by-all-
levels-of-government
• Technology will drive automation and changes on how the public sector and private sector will operate in the new
normal for both the Canada and the World Economy - https://www2.slideshare.net/paulyoungcga/policy-analysis-
business-startups-enterpeneurs-canada-and-the-world
• Look at better ways to manage the power grid including solutions that are viable without direct government grants -
https://www2.slideshare.net/paulyoungcga/electricity-analysis-canada-and-the-world
• Fixing the systemic issues facing getting goods to market, i.e., over regulation, tax reform, carbon tax, etc. -
https://www2.slideshare.net/paulyoungcga/how-to-reshore-supply-chains
• Reforming the size of government - https://www2.slideshare.net/paulyoungcga/reforming-the-public-sector-for-canada-
all-levels-of-government

11. Employment by Class

12. Blog – Career Management
Nearly 60% of the unfilled jobs in Canada pay less than the average wage.
Student debt, cost of living, wages, and affordable housing are big issues for millennials.
https://www.slideshare.net/paulyoungcga/career-and-employment-outlook-for-canada-and-united-states-may-
2021

13. Digital Skills and Employment
Blog - Almost all workers will be required to learn new digital skills in the next decade
By the time we hit 2030, almost all workers in the UK (90 percent) will be required to learn new digital skills to do their jobs,
a new report from CRM provider Salesforce and analyst firm IDC argues.
To train such a vast number of workers, the country will need to spend approximately $1.8 billion every year.
While the Covid-19 pandemic may be partially responsible, causing a sudden shift to digital technologies, the report also
argues that this is nothing more than a natural course.
Source - https://www.itproportal.com/news/almost-all-workers-will-be-required-to-learn-new-digital-skills-in-the-next-
decade/?utm_source=Selligent&utm_medium=email&utm_campaign=20210709_ITPP_NWL&utm_content=20210709_ITPP_NWL+&utm_t
erm=10232255&m_i=RD%2BcY95O_A5zbS4yLTHSzMvhTecFYm8HeuG5AcP6_w0myLpf4DCAm0mBFNvyJayOqHlm28oLkPtfCLrQi5NtInvUpTf
ABx%2BRRR&lrh=cc9185154e0b053cbfbfc4d317bce2e564a15772850bb7db3c7c0d783bb6954f&M_BT=52351102088106
Blog – How to Reform STEM – Education and Training - https://www.linkedin.com/pulse/how-reform-stem-education-
training-paul-young/?published=t
How to improve job quality - https://www.slideshare.net/paulyoungcga/how-best-to-improve-job-quality-for-canadians

14. Job Shortages / Canada
As the Canadian economy emerges from more than 15 months of COVID-19 restrictions and workers begin to return to the
office, experts say a wave of employee resignations could trigger labour shortages in a variety of sectors.
https://www.canadianmanufacturing.com/manufacturing/wave-of-resignations-prompts-concerns-over-canadian-
labour-shortage-271207/
Blog – How to Reform STEM – Education and Training - https://www.linkedin.com/pulse/how-reform-stem-
education-training-paul-young/?published=t
How to improve job quality - https://www.slideshare.net/paulyoungcga/how-best-to-improve-job-quality-for-canadians
New research from the annual 3M State of Science Index reveals whether it is finding the way out of the pandemic, or
successfully tackling other issues such as sustainability and climate change. 93 per cent of Canadians recognize scientists as
being critical to our future well-being considering the pandemic. At the same time, 68 per cent of Canadians acknowledge
underrepresented minority groups often do not receive access to STEM education, which is critical not only because a more
diverse STEM workforce will result in more innovative ideas, but also to enable Canada to increase its global collaboration
to help solve some of our biggest problems.

15. Wages and Employment
Blog – Wages and Employment – Canada – April 2021
 Wages continue to trail the cost of housing.
 There are job vacancies issues that need to be addressed.
 Automation continues to drive operational models for both the private and public
sectors.
Source - https://www.slideshare.net/paulyoungcga/employment-and-labour-market-
canada-may-2021 or https://www.slideshare.net/paulyoungcga/wages-and-employment-
canada-april-2021

16. Immigration and Education
The goods-producing sector had 21.6% of the total jobs in Nov15 as compared to 20.4% in Jul21.
@JustinTrudeau failed to build an inclusive economy! It is time to build an inclusive economy through more
effective post-secondary and immigration programs. https://www.slideshare.net/paulyoungcga/how-best-to-
support-current-and-future-labor-markets-through-better-postsecondary-and-immigration-programs

17. CERB and Labor Shortages
https://www.theglobeandmail.com/politics/article-freeland-signals-openness-to-extending-some-pandemic-
support-programs/
We have labor shortages, productivity & supply chain issues, & high inflation. Canada requires a transition
plan to move Cdns off pandemic programs as part of growing the economy. @cafreeland continues to
show poor fiscal & economic mgmt. https://www.slideshare.net/paulyoungcga/how-to-improve-canada-
global-competitiveness-250054392

18. Summary
Employment rose by 40,000 (+0.2%) in May 2022, driven by full-time gains (+135,000; +0.9%).
Employment in the services-producing sector rose by 81,000 (+0.5%) in May, with gains spread
across several industries, including accommodation and food services.
Employment in the goods-producing sector declined by 41,000 (-1.0%), mostly due to a decline in
manufacturing (-43,000; -2.4%).
Employment increased in Newfoundland and Labrador, Prince Edward Island, and Alberta. It
declined in New Brunswick and was little changed in all other provinces.
Total hours worked were little changed in May, but were up 5.1% compared with 12 months earlier.
Average hourly wages increased 3.9% (+$1.18 to $31.12) on a year-over-year basis, up from 3.3% in
April.
Blog – Employment and Labor Market – Canada – May 2022
20221706_Employme
nt_Canada.pdf
Lower taxes, don’t
raise wages to fix inflation CTV News.pdf
Canadian oil
production rises, bitumen output hits record high Hellenic Shipping News Worldwide.pdf
Canada Leading the
Way in Global Gold Production Surge.pdf
Toronto Exchange to
launch battery metals index MineConnect.pdf
Nutrien to further
boost potash output amid global shortage Farmtario.pdf
20 Canadian Jobs
That Don't Need a Degree But Still Pay Well - Slice.pdf
Techfugees and
Talent Beyond Boundaries partner to tackle refugee crisis and digital skills gap – Techfugees.pdf
Instant View Canada
gains 39,800 jobs in May, jobless rate edges down to record low 5.1_.pdf
Canada May
employment change 39.8K vs 30K estimate Forexlive.pdf
Canada's Ivey PMI
shows activity expanding at faster pace in May SaltWire.pdf
Luxury tax will kill
jobs and cost Canadian business billions, committee hears - Aerospace Industries Association of Canada Aerosp
Summary:
Canada's economy gained a net 39,800 jobs in May, entirely in full-time work, Statistics Canada
said on Friday. The jobless rate edged down to 5.1%, a new record low.
Employment in the goods producing sector fell by a net 41,200 jobs, mostly in manufacturing.
The services sector grew by a net 80,900 positions, mostly in wholesale and retail trade, as well
as educational services.
Source - https://ca.finance.yahoo.com/news/instant-view-canada-gains-39-125410600.html
1. Employment – Canada – Public Sector jobs up and manufacturing jobs are down -
https://www.forexlive.com/news/canada-may-employment-change-398k-vs-30k-estimate-
20220610/
2. PMI expanded despite lower payrolls - https://www.saltwire.com/halifax/business/canadas-
ivey-pmi-shows-activity-expanding-at-faster-pace-in-may-100741310/
3. Luxury taxes - https://aiac.ca/luxury-tax-will-kill-jobs-and-cost-canadian-business-billions-
committee-hears/
4. Oil production - https://www.hellenicshippingnews.com/canadian-oil-production-rises-bitumen-
output-hits-record-high/
5. Gold production - https://www.theassay.com/articles/analysis/canada-leading-the-way-in-
global-gold-production-surge/
6. Battery index - https://mineconnect.com/article/toronto-exchange-to-launch-battery-metals-
index/
7. Potash - https://mineconnect.com/article/toronto-exchange-to-launch-battery-metals-index/
8. Top jobs - https://www.slice.ca/20-canadian-jobs-that-dont-need-a-degree-but-still-pay-well/
9. Skills gaps - https://techfugees.com/all_news/techfugees-and-talent-beyond-boundaries-
partner-to-tackle-refugee-crisis-and-digital-skills-gap/
10. Wages - https://atlantic.ctvnews.ca/murphy-s-logic-lower-taxes-don-t-raise-wages-to-fix-
inflation-1.5940487

19. Training and Development
 If you like to learn more
about trade and/or other
subjects as part of your
professional learning and
development then feel free
to review my material on
https://www.udemy.com/
(search Paul Young CPA
CGA)
 These subjects address
how to fixed issues with
housing and/or systemic
issues related to economy
including government
policies