Connect with us

Anglais

If there’s a labour shortage, how come some people are still out of work?

Published

on

[ad_1]

To read the headlines you’d think nearly every Canadian who wants a job would have one by now.

The country’s unemployment rate hit a 43-year low of 5.6 per cent in December, and in January the economy added 66,800 new jobs. That’s on top of the growth of 163,000 jobs netted over 2018, according to Statistics Canada data. 

Numbers like these paint a picture of a healthy job market where workers have plenty of choice. But as labour market experts explain, that doesn’t mean everyone who needs a job can find work that fits their skills, industry and location. 

Steven Tobin, executive director of the Labour Market Information Council in Ottawa, says the confusion stems from too much focus on national averages such as the overall unemployment rate or job growth.

Steven Tobin, executive director of the Labour Market Information Council, says economists tend to think too much about national averages when it comes to unemployment rates. Pockets within the labour market still have challenges finding work. (LMIC)

« Those are very good indicators, and they help us really articulate a temperature check on how things are going, » he says.

« The reality is that national figures do mask the differences in the labour market that are prevailing either by geography, obviously, in a large country, and also that there are pockets of workers where there may be differences. » For example, unemployment is higher among youth and older workers than it is overall, he says.

Even economists have failed in putting too much emphasis on net job numbers, losing sight of the fact that net figures entail some people gaining jobs and others losing them, says Tobin.

Here’s a look at why those numbers — and the headlines — might not reflect reality for all Canadians.

More skill shortage than labour shortage

There’s a lot of conversation about labour shortages, but in many cases what’s really at issue is high demand for workers with particular skills and expertise.

« Quite often we conflate a skill shortage with a labour shortage, » says Tobin. « They manifest themselves kind of in the same way, which is there’s a vacancy that goes unfilled. But they’re really quite different concepts.

« If you have a region which has high unemployment, you’re not likely to be experiencing a labour shortage. But if employers are having difficulty finding people, it’s not that people are not there, but that they’re missing the skill set. »

Workers including Jerry Dias, president of Unifor, the national union representing auto workers, gather in Windsor, Ont., on Jan. 11, protesting the planned Oshawa closure. (Carlos Osorio/Associated Press)

For instance, strong demand for app developers or marketing managers does not help a line worker from the GM plant that’s set to close in Oshawa, Ont., nor does it help an out-of-work oil and gas industry veteran. 

Some provinces have fewer opportunities

« One of the main sources of a variation in the Canadian market right now is different strengths across regions, » says Brendon Bernard, economist at job platform Indeed Canada.

« In provinces like Ontario, British Columbia, Quebec — where labour shortages and hiring difficulties have picked up — we have seen nice progress in a couple of key dimensions of the labour market. » Measures such as the average length of time it takes a person to find work are improving at « a fairly decent pace, » he says.

But these job market conditions are not present everywhere.

« That’s really the case in the oil-rich provinces, where wage growth used to be the strongest and jobless spells used to be quite low. Those labour markets haven’t recovered since the downturn in oil prices a few years ago, » says Bernard. The prospects seen at the national level are not « really being felt in provinces like Alberta and Saskatchewan. »

And not everyone can easily move to a province where the job market is better.

« Mid-career to older workers have established themselves in communities, invested in home ownership which either inhibits their ability to move, or they don’t have the desire to move because of families, » says Tobin.

Demand in a region may outstrip supply

On the opposite side of the spectrum, some geographic areas may be short on workers, not just because the economy is strong overall, but because housing prices have pushed those workers out of the area.

One Vancouver bakery, Solly’s Bagelry, famously closed shop for several weeks in 2017 because it didn’t have enough staff to operate.

Solly’s Bagelry in Vancouver closed for several weeks in 2017 due to a worker shortage. (CBC)

It may be hard for workers to get by on wages around $15 per hour in Vancouver, which has the highest housing costs in the country. The benchmark home price was $1,019,600 in January, according to data released by the Canadian Real Estate Association Friday, and rent for a one-bedroom apartment runs around $2,000 a month.

Some industries are struggling

The most notable exception to the overall good news stories emerging about Canada’s job market continues to be the oil and gas industry.

Workers prepare to load a tank car with oil at an Altex Energy terminal in Alberta. The oil and gas industry has still not recovered from losing more than 52,000 jobs in the 2015-2016 downturn. (Dave Rae/CBC)

« We lost about 52,500 direct jobs in 2015-2016, » says Carol Howes, vice-president of communications at Energy Safety Canada, a non-profit that advocates for workers in the oil and gas industry. « And while some of those have come back, certainly we’re not seeing the volume of activity or the requirement for the same number of workers as we lost. »

The result? Howes says the sector is seeing « a lot of discouraged workers » who may not want to come back to oil and gas « if and when things start to turn around again. »

Energy Safety Canada has been advising some of these workers on how they can transfer their skills to industries such as renewable energy and clean tech, says Howes.

As for the 2,500 workers facing unemployment with the closure of the GM plant in Oshawa, Ont., expected by December, Bernard says that, while there’s been some overall growth in auto manufacturing jobs in recent years, that comes after a long period of decline. It won’t be easy for Oshawa workers to find other jobs in the industry, he says, « given that new opportunities aren’t just springing up like they might be in other sectors of the economy. »

Not all jobs are good jobs

When we hear of job vacancies, it suggests there’s lots of choice for workers. But not all unfilled positions are ones that people can afford to take, because those jobs may not offer the salary, stability or benefits workers need.

« It’s definitely the case that jobs being plentiful doesn’t necessarily mean they’re good jobs, » says Bernard.

Over the past 10 years or so there’s been « a growing prevalence of term or contract employment and away from permanent employment. While jobs might be out there, they might not necessarily be everything that workers are looking for. »

Someone who loses a job in a decent-paying sector with low turnover could, in theory, take a lower-paying food services job, but that might not be the best decision for long-term career prospects, says Bernard.

« In that case, it might be better to hold off and look for the right fit, even if finding that match isn’t quite immediate. »

[ad_2]

Source link

قالب وردپرس

Anglais

‘Business as usual’ for Dorel Industries after terminating go-private deal

Published

on

By

MONTREAL — Dorel Industries Inc. says it will continue to pursue its business strategy going forward after terminating an agreement to go private after discussions with shareholders.

« Moving ahead. Business as usual, » a spokesman for the company said in an email on Monday.

A group led by Cerberus Capital Management had previously agreed to buy outstanding shares of Dorel for $16 apiece, except for shares owned by the family that controls the company’s multiple-voting shares.

But Dorel chief executive Martin Schwartz said the Montreal-based maker of car seats, strollers, bicycles and home furniture pulled the plug on a deal on the eve of Tuesday’s special meeting after reviewing votes from shareholders.

“Independent shareholders have clearly expressed their confidence in Dorel’s future and the greater potential for Dorel as a public entity, » he said in a news release.

Dorel’s board of directors, with Martin Schwartz, Alan Schwartz, Jeffrey Schwartz and Jeff Segel recused, unanimously approved the deal’s termination upon the recommendation of a special committee.

The transaction required approval by two-thirds of the votes cast, and more than 50 per cent of the votes cast by non-family shareholders.

Schwartz said enhancing shareholder value remains a top priority while it stays focused on growing its brands, which include Schwinn and Mongoose bikes, Safety 1st-brand car seats and DHP Furniture.

Dorel said the move to end the go-private deal was mutual, despite the funds’ increased purchase price offer earlier this year.

It said there is no break fee applicable in this case.

Montreal-based investment firm Letko, Brosseau & Associates Inc. and San Diego’s Brandes Investment Partners LP, which together control more than 19 per cent of Dorel’s outstanding class B subordinate shares voiced their opposition to the amended offer, which was increased from the initial Nov. 2 offer of $14.50 per share.

« We believe that several minority shareholders shared our opinion, » said Letko vice-president Stephane Lebrun, during a phone interview.

« We are confident of the long-term potential of the company and we have confidence in the managers in place.”

Continue Reading

Anglais

Pandemic funds helping Montreal businesses build for a better tomorrow

Published

on

By

Many entrepreneurs have had to tap into government loans during the pandemic, at first just to survive, but now some are using the money to better prepare their businesses for the post-COVID future.

One of those businesses is Del Friscos, a popular family restaurant in Dollard-des-Ormeaux that, like many Montreal-area restaurants, has had to adapt from a sit-down establishment to one that takes orders online for takeout or delivery.

“It was hard going from totally in-house seating,” said Del Friscos co-owner Terry Konstas. “We didn’t have an in-house delivery system, which we quickly added. There were so many of our employees that were laid off that wanted to work so we adapted to a delivery system and added platforms like Uber and DoorDash.”

Helping them through the transition were emergency grants and low-interest loans from the federal and provincial governments, some of which are directly administered by PME MTL, a non-profit business-development organization established to assist the island’s small and medium-sized businesses.

Konstas said he had never even heard of PME MTL until a customer told him about them and when he got in touch, he discovered there were many government programs available to help his business get through the downturn and build for the future. “They’ve been very helpful right from day one,” said Konstas.

“We used some of the funds to catch up on our suppliers and our rents, the part that wasn’t covered from the federal side, and we used some of it for our new virtual concepts,” he said, referring to a virtual kitchen model which the restaurant has since adopted.

The virtual kitchen lets them create completely different menu items from the casual American Italian dishes that Del Friscos is known for and market them under different restaurant brand names. Under the Prasinó Soup & Salad banner, they sell healthy Greek options and their Stallone’s Sub Shop brand offers hearty sandwiches, yet the food from both is created in the same Del Friscos kitchen.

Continue Reading

Anglais

Downtown Montreal office, retail vacancies continue to rise

Published

on

By

Some of downtown Montreal’s key economic indicators are heading in the wrong direction.

Office and retail vacancies in the city’s central core continued to climb in the fourth quarter of 2020, according to a quarterly report released Thursday by the Urban Development Institute of Quebec and the Montréal Centre-Ville merchants association. The report, whose first edition was published in October, aims to paint a socio-economic picture of the downtown area.

The survey also found office space available for sublet had increased during the fourth quarter, which may foreshadow even more vacancies when leases expire. On the residential front, condo sales fell as new listings soared — a sign that the downtown area may be losing some of its appeal to homeowners.

“It’s impossible not to be preoccupied by the rapid increase in office vacancies,” Jean-Marc Fournier, the former Quebec politician who now heads the UDI, said Thursday in an interview.

Still, with COVID-19 vaccinations set to accelerate in the coming months, “the economic picture is bound to improve,” he said. “People will start returning downtown. It’s much too early to say the office market is going to disappear.”

Public health measures implemented since the start of the pandemic almost a year ago — such as caps on office capacity — have deprived downtown Montreal of more than 500,000 workers and students. A mere 4,163 university and CEGEP students attended in-person classes in the second quarter, the most recent period for which figures are available. Border closures and travel restrictions have also brought tourism to a standstill, hurting hotels and thousands of local businesses.

Seventy per cent of downtown workers carried out their professional activities at home more than three days a week during the fourth quarter, the report said, citing an online survey of 1,000 Montreal-area residents conducted last month.

Continue Reading

Chat

Sex2 semaines ago

Dix films avec des scènes de sexe non simulées qui ont fait polémique

Sex2 semaines ago

Sexe et cannabis : mélange miraculeux ou poison pour le couple ?

Sex2 semaines ago

Chantage émotionnel, dénigrement, harcèlement sexuel : Une jeune scientifique écrit aux comités nationaux d’éthique

Sex2 semaines ago

10 films sur le sexe et le plaisir pour oublier la distanciation sociale

Sex2 semaines ago

Les meilleurs sextoys pour le clitoris

Sex2 semaines ago

Dua Lipa, la reine du melting-pop qui allège le quotidien confiné de ses millions de fans

Sex2 semaines ago

Une série d’ici primée à l’étrange

Technologie3 semaines ago

TELUS adopte une nouvelle promesse de marque

Technologie3 semaines ago

La tech agricole Farmers Edge entre en Bourse à 18 fois ses revenus

Technologie3 semaines ago

NEC Canada accueille Combat Networks en tant que revendeur officiel de UNIVERGE® BLUE CLOUD SERVICES

Technologie3 semaines ago

La relance économique sera verte dans le Bas-Saint-Laurent

Technologie3 semaines ago

Ottawa injecte 2,75 milliards $ pour électrifier la flotte d’autobus au pays

Technologie3 semaines ago

L’entreprise montréalaise Native Touch fait l’acquisition du studio Candy Banners

Actualités3 semaines ago

Lionbridge conclut la vente de sa division d’intelligence artificielle (IA) à TELUS International

Actualités3 semaines ago

Le rôle stratégique et essentiel des métaux rares pour la santé

Actualités3 semaines ago

«Crypto-art» : l’œuvre numérique de la chanteuse Grimes vendue 6 millions de dollars

Actualités3 semaines ago

Un rapport révèle des inégalités pour les femmes de couleur dans les postes de direction canadiens qui font écho au secteur de la technologie

Actualités3 semaines ago

La demande de main-d’œuvre des startups canadiennes montre des signes de reprise au quatrième trimestre: rapport

Actualités3 semaines ago

En attendant la fibre optique

Affaires4 semaines ago

L’Alberta demande à Ottawa d’investir des milliards dans la capture du carbone

Anglais2 années ago

Body found after downtown Lethbridge apartment building fire, police investigating – Lethbridge

Styles De Vie2 années ago

Salon du chocolat 2018: les 5 temps forts

Anglais2 années ago

This B.C. woman’s recipe is one of the most popular of all time — and the story behind it is bananas

Santé Et Nutrition2 années ago

Gluten-Free Muffins

Anglais2 années ago

27 CP Rail cars derail near Lake Louise, Alta.

Anglais2 années ago

Man facing eviction from family home on Toronto Islands gets reprieve — for now

Santé Et Nutrition2 années ago

We Try Kin Euphorics and How to REALLY Get the Glow | Healthyish

Anglais2 années ago

Ontario’s Tories hope Ryan Gosling video will keep supporters from breaking up with the party

Anglais2 années ago

A photo taken on Toronto’s Corso Italia 49 years ago became a family legend. No one saw it — until now

Anglais3 années ago

Condo developer Thomas Liu — who collected millions but hasn’t built anything — loses court fight with Town of Ajax

Styles De Vie3 années ago

Renaud Capuçon, rédacteur en chef du Figaroscope

Anglais2 années ago

This couple shares a 335-square-foot micro condo on Queen St. — and loves it

Mode2 années ago

Paris : chez Cécile Roederer co-fondatrice de Smallable

Anglais2 années ago

Ontario Tories argue Trudeau’s carbon plan is ‘unconstitutional’

Styles De Vie2 années ago

Ford Ranger Raptor, le pick-up roule des mécaniques

Affaires2 années ago

Le Forex devient de plus en plus accessible aux débutants

Anglais2 années ago

100 years later, Montreal’s Black Watch regiment returns to Wallers, France

Technologie2 années ago

YouTube recommande de la pornographie juvénile, allègue un internaute

Anglais2 années ago

Trudeau government would reject Jason Kenney, taxpayers group in carbon tax court fight

Anglais2 années ago

Province’s push for private funding, additional stops puts Scarborough subway at risk of delays

Trending