Labour Briefs

Canadian job quality sinks to record low: CIBC
|Canadian Labour Reporter|Last Updated: 03/16/2015

Canadian job quality sinks to record low: CIBC

OTTAWA —
The quality of jobs in this country is fading fast, according to a new report from CIBC.

Released on March 5, CIBC’s latest employment quality index noted job quality in Canada is now at a record low, showing declines in all measures, but the drop in job quality is "more structural than cyclical in nature and likely can’t be reversed by monetary policy."

This mirrors the latest warnings from the Bank of Canada cautioning that the headline unemployment rate is not as rosy as perceived, added Benjamin Tal, deputy chief economist at CIBC and the study’s author.