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Statistics Canada releases employment figures in the first week of every month. We parsed the data this morning, and added what we think is the most valuable overview for you.
Below the data charts you will also find our latest insight and analysis from the Goldbeck Recruiting staff.
You will always find the updated data on this page, so go ahead and bookmark it. Better yet, subscribe to our email updates, and we’ll send you a notification the moment it is updated each month.
Employment in Canada decreased by 1,400 jobs in June, a virtual standstill. The employment rate fell 0.2% to 61.1%.1 This represents the eighth time in the past nine months that Canada has seen it’s employment rate fall. In total, it has declined by 1.3 percentage points since early 2023. The unemployment rate has risen to 6.4%.
Core aged women (aged 25 to 54) gained 19,000 jobs in June, while young men between 15 and 24 lost 13,000 and men aged 25 to 54 saw a loss of 14,000 jobs. Meanwhile, average hourly wages, year over year, are up 6.4% to $34.91.
An noteworthy number relates to returning students aged 15 to 24 who attended school last year and intend to do so again in the fall. The employment rate for these students in June was 46.8%, which is the lowest such rate since 1998, excluding the pandemic year of 2020.
12,000 fewer Canadians were employed in transportation and warehousing jobs in June, this after 21,000 such jobs disappeared in May. Public administration employment declined by 8,800, the first such decline since August of 2023. Accommodation and food services jobs increased by 17,000 in June, while 12,000 jobs were added in agriculture.
Quebec saw employment decline by 18,000 in June. Overall, employment has been little changed in the province during the past 12 months. New Brunswick saw employment rise by 3,000 jobs on the month, while Newfoundland and Labrador added 2,600 jobs. Ontario saw little change in job totals, but the unemployment rate ticked up 0.3% to 7% as more Ontarians searched for work.
Businesses have been operating in an employee’s market for some time now. While Goldbeck Recruiting President Henry Goldbeck hasn’t seen that trend reverse, he has seen it move toward an equilibrium.
“It’s becoming more of a balanced market,” he says. “The talented people are all working, so it’s still important for companies to present offers that are attractive.”2
He says that engineers, in particular, remain in high demand.
“Civil, structural, mechanical, and other engineers are highly sought after,” says Goldbeck. “Engineering firms are looking for people with five to ten years of experience who can be responsible for projects on their own. Those candidates are hard to find.”
A key factor in the labour market is the attitude of the talent. In recent years, Goldbeck has observed a cyclical nature with regards to their willingness to switch companies.
“Our recruiters have noticed that candidates are a bit more security conscious at the moment,” he reports.
While the much anticipated recession has yet to materialize, Goldbeck believes that the possibility remains in people’s minds.
“There seems to have been a back and forth on this since Covid,” he says. “The willingness of candidates to entertain new opportunities has expanded and contracted a few times. Right now candidates seem a bit reluctant.”
While many companies have made great strides in diversifying their staff, many also remain reluctant to hire new Canadians. Goldbeck acknowledges that language and cultural issues can present challenges, but urges hiring companies to keep an open mind.
“Learning how to assess these candidates is important,” he advises. “They may have experience working for international companies with English as their working language. On top of that, their technical skills and work ethic could be very strong. They should be assessed on an individual candidate basis. Sweeping these candidates away with one broom doesn’t give you the opportunity to make a proper assessment. You could be missing out on a real gem.”
Finally, Goldbeck Recruiting would like to wish all the best to intern Julia Andermann, who recently completed her term with our company. Julia is a student at the German Federal Employment Agency, which is involved with unemployment insurance training, helping people find jobs, and integrating refugees into the German workforce. Goldbeck Recruiting has been affiliated with the agency’s co op program for 15 years.
“We’ve enjoyed having Julia on the team,” says Goldbeck. “She took part in a lot of client calls and interviews and also completed candidate research and reference checking.”
The intern also enjoyed the experience.
“Just before I came to Vancouver we were studying active sourcing and head hunting, so it’s been great to see the things I learned at university in action,” she says.3
Andermann is fond of Vancouver’s mountains, beaches, and skyline.
“It’s beautiful,” she says. “I don’t want to leave.”
During her time in British Columbia she’s seen whales and a bear. Although she’s yet to eat poutine, she says she intends to before her departure.
“Julia comes from a town that has celebrated Oktoberfest for over 800 years,” notes Goldbeck. “Perhaps poutine should be added to the tradition.”
References
1 Government of Canada, Statistics Canada. “Labour Force Survey, June 2024.” The Daily – , July 5, 2024. https://www150.statcan.gc.ca/n1/daily-quotidien/240705/dq240705a-eng.htm.
2 Direct communication with Henry Goldbeck.
3 Direct communication with Julia Andermann
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