A surprising job picture from the Canadian Economy grew more jobs in January (2017), according to Stats Canada. This was unexpected by most economists, so a pleasant surprise (somewhat).
What Kind of Jobs?
The unfortunate part of this story is that the economy is creating more part-time jobs (full-time job numbers are virtually unchanged). Why is this economy creating part-time jobs, or is that what is needed?
There is an argument that as the population ages, maybe part-time jobs are what the older folks want. It can’t be that young folks want to have many jobs, with little or no benefits, can it?
Part-Time Jobs
The telling statement from the article is the following:
Despite little change in January, part-time employment was up on a year-over-year basis (+190,000 or +5.6%). In January, 19.6% of employed persons worked part time, compared with 18.8% the same month a year earlier.
Why a growing part-time workforce? This would be a very interesting report if I could find it somewhere.
Unemployment & Employment Graphs
