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Category: Economy (Page 2 of 7)

The Black population is diverse and growing » 1.5 million people in Canada reported being Black

“In 2021,1.5 million people in Canada reported being Black, up from 1.2 million five years earlier, and more than 300 different ethnic or cultural origins were reported in the Census of Population,” according to Statistics Canada. “While the education and labour market experiences of Black people in Canada are just as diverse as the Black population, the socioeconomic conditions of this population, including rates of employment and earnings, are generally lower than the non-Indigenous, non-racialized population. This is true even after accounting for differences in age and education.”

Unemployment in Canada changes little in July, inches up to 5.5%, with spike in wage growth

The unemployment rate increased 0.1 percentage points to 5.5%.

Employment fell among core-aged men aged 25 to 54 years old (-27,000; -0.4%) and increased among male youth aged 15 to 24 (+13,000; +0.9%). There was little variation in employment among young and core-aged women, and among men and women aged 55 and older, as reported by Statistics Canada.

Meanwhile, the average hourly wages grew 5 per cent in July for third consecutive month of gains.

CBC |

Canada’s commitment to planting two billion trees by 2030 is on schedule

These trees will capture and store carbon from the atmosphere, improve air and water quality, help to restore nature and biodiversity, cool our urban centres, and create and support thousands of green jobs.

Justin Tang, The Canadian Press »

Natural Resources Minister Jonathan Wilkinson says the federal government’s plan to plant two billion trees by 2030 is on track, but focusing on adapting to climate change is more important than ever.

Forty-one percent of Canadian professionals plan to change jobs by end of year

Robert Half »

Those most likely to make a career move now and in the remaining months of 2023 are:

  • Gen Zers (64 per cent)
  • Marketing and creative professionals (51 per cent)
  • Working parents (51 per cent)
  • Employees who have been with their company for 2-4 years (56 per cent)
  • Contract work is a viable route for many professionals, with 31 per cent of workers saying they are interested in contract roles in the future.

Workers exploring other employment opportunities are motivated by:

  • A higher salary (55 per cent)
  • Better benefits and perks (28 per cent)
  • Remote work options (26 per cent)

Compensation, benefits, flexible schedules and remote work options are also the top factors professionals look for when evaluating job postings.

When applying for an open role, professionals said they’d lose interest and withdraw from consideration due to:

  • Poor communication and follow-up from the hiring manager (56 per cent)
  • Excessive — or more than three — rounds of interviews (46 per cent)
  • Delayed decision-making/lengthy timeline (38 per cent)

Also » Consulting.ca

 

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