Average weekly earnings decreased 1.0% to $1,125 from May to June, partly because the employment gains were concentrated in lower-paying sectors. The largest employment gains in June were in the two sectors with the lowest average weekly earnings: accommodation and food services ($457 per week) and retail trade ($643 per week). While average weekly earnings were down in June compared with May, they were 7.6% higher than in February 2020. This increase reflects a number of factors, including changes in the composition of employment by type of employee (hourly or salaried) and changes in the overall employment distribution by sector. Source - https://www150.statcan.gc.ca/n1/daily-quotidien/210826/dq210826a-eng.htm

1. Wages and Job Vacancies
(Job Quality) – Canada –
July 2021
Paul Young CPA CGA
August 26, 2021

2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• 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
• Employment Analysis
• Job Vacancies vs Employment
• Above Average Wage
• Youth Unemployment
• Competitiveness
• Skills gaps
• Career Management

4. Employment Analysis – July 2021

5. Above the Average Wage

6. Job Vacancies – May/21
Source – Stats Canada -
https://www150.statcan.gc.ca/n1/daily-
quotidien/201215/dq201215e-cansim-
eng.htm or
https://www150.statcan.gc.ca/n1/daily-
quotidien/210622/dq210622a-eng.htm or
https://www150.statcan.gc.ca/n1/daily-
quotidien/210729/dq210729a-eng.htm
https://www150.statcan.gc.ca/n1/daily-
quotidien/210826/dq210826a-eng.htm

7. Canada Youth Unemployment
Source - https://tradingeconomics.com/canada/youth-unemployment-rate

8. Competitiveness
• Corporate taxation needs to be competitive and they are now. If Singh was serious about tax reform, then he would go after
tax havens and reform the code. https://www.slideshare.net/paulyoungcga/closing-down-of-tax-havens
• Singh goal of raising corporate tax rates by 50% is the wrong approach. Source -
https://www.slideshare.net/paulyoungcga/how-to-fix-competitiveness-through-government-policy or
https://www.slideshare.net/paulyoungcga/closing-down-of-tax-havens
Source - https://www.nationalobserver.com/2020/11/04/news/ndp-
wealth-tax-pandemic-%20economic-recovery-Singh-Jagmeet

9. CERB and EI
• Wage – subsidy extended until September 25, 2021 -
https://www.mltaikins.com/taxation/federal-
government-announces-covid-19-wage-subsidy/
• EI sickness - https://ipolitics.ca/2021/05/26/ei-
extension-would-cost-over-2-billion-benefit-150000-
claimants/
• EI Measures - https://www.cbc.ca/news/canada/prince-
edward-island/employment-insurance-pandemic-griffin-
1.6036708

10. Skills Gaps
• Cybersecurity -
https://www.itworldcanada.com/sponsored/is-
your-organization-ready-to-tackle-the-cyber-skills-
gap
• 8/10 Canadian Manufacturers -
https://www.bnnbloomberg.ca/eight-in-10-
canadian-manufacturers-face-skills-shortage-
report-1.1530327
• Costly changes to EI and training programs -
https://www.collegesinstitutes.ca/news-
centre/news-release/how-supporting-skills-and-
training-can-fuel-a-resilient-recovery/
• Here is my work on skills development -
https://www2.slideshare.net/paulyoungcga/h
uman-capital-management-skills-development-
analysis-and-commentary

11. Career
Management
The provinces and federal government need to re-
think their job training strategy including better
targeting educational support as part of re-aligning
the workforce to jobs of today and tomorrow
Here is my work on career management for both Canada
and the United States
https://www2.slideshare.net/paulyoungcga/2021-and-
beyond-career-management-canada-and-the-united-states-
november-2020

12. Summary
• 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

13. Other Sources
• 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.udem
y.com/ (search Paul
Young CPA CGA