High-quality Jobs Decline in Canada and Self-Employment Sores High
LESS LUCRATIVE JOBS – Of late, there has been a decrease in lucrative and satisfying jobs for not just the native Canadians but for the immigrant community as well.
As a matter of fact, there are chances that there can be a lot many sectors in which Canada can lose jobs in the near future.
AMBIGUOUS STATISTICS – The recently declared statistics regarding employment creation were sufficiently optimistic to bring the unemployment rate to 7.1 per cent, a 3-year low. A number of people saw it as an indication that after two months of modest employment increase, the Canadian economy was recovering from the past slumps regardless of apprehensions that the economy was likely to be hit hard by another phase of slump. However, on the face of it there is a lot more than what meets the eye.
THE REALITY – As stated, digging deeper into reality would give us the real and harsh picture. To be blunt, the statistics could be absolute unreliable. Of the 61,000 newly created jobs, more than 50 per cent can be attributed to the commencement of the new academic session. A full 38,000 of the jobs created in September were made of the education support workers rejoining their positions post a summer long break from their duties.
DYNAMIC JOBS – About 64 per cent of those new jobs were labeled as "self-employed." This categorization has always been daunting for economists as the self-employment division is extremely dynamic and changes every month. During economic slumps, self-employment numbers will increase as lately dislocated employees may turn to self-employment as a measure in the interim to link the distance between job relocations. However, the self-employment category often ignores when employment is increasing as self-employed workers resume to the labor-force and the extra benefits that accompany full-time service.
MORE TROUBLE – Apart from that, the added trouble that StatsCan labor report brings forth is the list of sectors that have to part with positions through the month. The financial services carried on to lay-off workers with the departure of a new 35,000 last month. These jobs are likely to be lucrative and will probably be hard to replace. As well, the manufacturing sector added to its losses previously this year as 24,000 important manufacturing positions vanished.
INFERIOR TO THE PAST – Though it is encouraging to see the way Canada is generating jobs for its citizens, ecstasy ought to be raged with truth. And the truth is that -- for lack of a better term -- lucrative jobs in Canada go on disappearing. This is not in any case destined as a condemnation of self-employment or some other profession, but a lot many placements that are created in the present are inferior to the ones lost!
LESS LUCRATIVE JOBS – Of late, there has been a decrease in lucrative and satisfying jobs for not just the native Canadians but for the immigrant community as well.
As a matter of fact, there are chances that there can be a lot many sectors in which Canada can lose jobs in the near future.
AMBIGUOUS STATISTICS – The recently declared statistics regarding employment creation were sufficiently optimistic to bring the unemployment rate to 7.1 per cent, a 3-year low. A number of people saw it as an indication that after two months of modest employment increase, the Canadian economy was recovering from the past slumps regardless of apprehensions that the economy was likely to be hit hard by another phase of slump. However, on the face of it there is a lot more than what meets the eye.
THE REALITY – As stated, digging deeper into reality would give us the real and harsh picture. To be blunt, the statistics could be absolute unreliable. Of the 61,000 newly created jobs, more than 50 per cent can be attributed to the commencement of the new academic session. A full 38,000 of the jobs created in September were made of the education support workers rejoining their positions post a summer long break from their duties.
DYNAMIC JOBS – About 64 per cent of those new jobs were labeled as "self-employed." This categorization has always been daunting for economists as the self-employment division is extremely dynamic and changes every month. During economic slumps, self-employment numbers will increase as lately dislocated employees may turn to self-employment as a measure in the interim to link the distance between job relocations. However, the self-employment category often ignores when employment is increasing as self-employed workers resume to the labor-force and the extra benefits that accompany full-time service.
MORE TROUBLE – Apart from that, the added trouble that StatsCan labor report brings forth is the list of sectors that have to part with positions through the month. The financial services carried on to lay-off workers with the departure of a new 35,000 last month. These jobs are likely to be lucrative and will probably be hard to replace. As well, the manufacturing sector added to its losses previously this year as 24,000 important manufacturing positions vanished.
INFERIOR TO THE PAST – Though it is encouraging to see the way Canada is generating jobs for its citizens, ecstasy ought to be raged with truth. And the truth is that -- for lack of a better term -- lucrative jobs in Canada go on disappearing. This is not in any case destined as a condemnation of self-employment or some other profession, but a lot many placements that are created in the present are inferior to the ones lost!