Here is brief look at the labour market

1. Is job churning the new norm for
the Canadian Employment
Market
By: PaulYoung CPA, CGA
Date: November 1, 2017

2. Agenda
• What is job churning
• Labor Market 2016/Canada
• 2015 Election Promise / JustinTrudeau and Liberals

3. What is Job Churning?
Quotes:
He is one of the workers Finance Minister Bill Morneau
alluded to when he told Canada’s youth to get used to “job
churn” – jumping from “job to job to job.”The comments
angered some young workers, who booed Prime Minister
JustinTrudeau when he attended a labour forum this week.
Source –The Globe and Mail – October 26, 2016
Quotes:
“We are told to go to school.We go to school and get
our degrees … and then we have to go from job to job to
job,” said Carly Sonier, who works as a food processor at
Post Foods Canada in Niagara Falls and represents
younger workers for the Canadian Labour Congress
union federation.
Ms. Sonier said lots of young adults are working multiple
contract or part-time positions and are looking for better
wages, a steady schedule and paid sick days.
–The Globe and Mail – October 26, 2016
Source - whatis.techtarget.com

4. JustinTrudeau/Liberals
After ten years under Stephen Harper,
good-quality job opportunities for
young Canadians are tougher and
tougher to find. Faced with high
unemployment and underemployment,
many young people have stopped
looking for work altogether.This is hard
for both young people and their
families. Many parents are seeing their
household debt rise and retirement
savings dwindle as they struggle
to support their grown children, who
often return home. It is time to invest in
young Canadians – to help them get
the work experience they will need to
start their careers and contribute fully
to our economy. – Source – 2015
Liberal Campaign Promise
150,000 Part-time
jobs in 2016 –
CBC – January 6,
2017

5. 2017 Job Market Outlook Canada

6. Employment –Total Comparison
• Stats Canada
CPC (defeated October 2015) LPC (Majority Government - May 2016)
LPC (Majority Government -
May 2017)

7. Job Creation by Major area - Canada
• Stats Canada

8. Fort McMurray Fire
• Stats Canada
http://globalnews.ca/news/2913251/canadian-
economy-shrinks-1-6-in-q2-worst-showing-
since-2009-financial-crisis/
Weak exports and the Alberta
wildfires hammered the Canadian
economy as it posted its worst
quarterly performance since the
global financial crisis, but the three-
month period ended on a positive
note with growth in June.
Statistics Canada said real gross
domestic product fell at an
annualized rate of 1.6 per cent
during the second quarter, the most
since the second quarter of 2009.

9. Ontario – New Minimum Wage $15.00
• Stats Canada
Impact to business
• Majority of minimum wage
jobs are in service sector
like hospitality
• Students are the ones that
typically paid minimum
wage
• Small business with low
profit margins maybe
forced to cut jobs and hours
• Minimum wage jobs are
stepping stones when it
comes to next career for
people. “No one strives to
make minimum wage”
• Students with high college
debt may find jobs more
scarce.

10. CanadaYouth Unemployment
Source - https://tradingeconomics.com/canada/unemployment-youth-total-percent-of-total-labor-force-ages-15-24-wb-data.html

11. CanadaYouth Employment – May 2017
Source - http://www.statcan.gc.ca/daily-quotidien/170609/dq170609a-
eng.htm

12. Job Openings
Source - http://www.statcan.gc.ca/daily-quotidien/171101/dq171101a-eng.htm
January 2015 to December 2016
• Unemployed 1.33M
• Vacant Jobs 390K
• 3.4 unemployed to each job
opening
January 2017 to June 2017
• Unemployed 1.280 M
• Vacant Jobs 468K
• 2.8 unemployed for job
opening

13. Other sources
• https://www.slideshare.net/paulyoungcga/dont-build-a-job-
but-a-career
• https://www.slideshare.net/paulyoungcga/wages-continue-to-
lag-behind-inflation-for-canadian-workers
• https://www.slideshare.net/paulyoungcga/canada-labour-
market-january-2017
• https://www.slideshare.net/paulyoungcga/is-the-liberal-party-
and-justin-trudeau-helping-the-middle-class-in-canada