Summary: Employment was little changed (-31,000) in July, and the unemployment rate was unchanged at 4.9%. Employment declined among older and core-aged women, while it was up among older men. At the industry level, a decline in the services-producing sector was offset by an increase in the goods-producing sector. A decrease in the number of employees working in the public sector was tempered by a gain among self-employed workers. Fewer people were working in Ontario and Prince Edward Island, while employment was little changed in all other provinces. Total hours worked were down 0.5% in July, after increasing 1.3% in June. Compared with a recent peak in March 2022, total hours worked were down 1.5% in July. The average hourly wages of employees were up 5.2% (+$1.55 to $31.14) on a year-over-year basis in July, matching the pace of wage growth recorded in June. Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220805/dq220805a-eng.htm

1. Labor and Employment Market –
Canada – July 2022
PAUL YOUNG CPA CGA
AUGUST 5, 2022

2. Paul Young - Bio
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube -
https://www.youtube.com/user/youngercga1968/videos

3. Agenda
 USA vs Canada – Employment –
 Employment by sector
 Above vs Below Wage
 Blog / Middle Class
 Blog / Job Quality
 Blog – New Normal
 Blogs / Employment
 CERB

4. USA vs Canada Employment BMO - Employment -
Canada - July 2022.pdf
U.S. Nonfarm
Payrolls (July) — Conquering the Peak.pdf

5. Urban Area
Source -
https://economics.bmo.com/en/public
ations/detail/4407ff62-e221-4fe7-
a59a-ed1a2e7760fa/

6. SOURCE - HTTPS://WWW150.STATCAN.GC.CA/N1/DAILY-QUOTIDIEN/220805/DQ220805A-
ENG.HTM
Above Average Wages vs Below Average Wages

7. Employment / Analysis

8. Employment Analysis

9. Employment Analysis

10. Job Quality / Crisis
• The focus on all level of government should be on policies that will encourage FDI and innovation -
https://www2.slideshare.net/paulyoungcga/2019-election-innovation-and-rd-canada-2014-to-2017
• More focus on tax policies in areas of environment including CCA as part of capital investment in areas like waste
management or CO2 recapturing or energy production or other areas - https://www2.slideshare.net/paulyoungcga/how-
to-best-support-a-circular-economy
• Re-thinking the green reset to ensure there is more balance between environmental/climate change policy and
supporting economic growth - https://www2.slideshare.net/paulyoungcga/natural-resources-canada-how-best-to-get-
goods-to-market or https://www2.slideshare.net/paulyoungcga/getting-goods-to-market-what-needs-to-happen-by-all-
levels-of-government
• Technology will drive automation and changes on how the public sector and private sector will operate in the new
normal for both the Canada and the World Economy - https://www2.slideshare.net/paulyoungcga/policy-analysis-
business-startups-enterpeneurs-canada-and-the-world
• Look at better ways to manage the power grid including solutions that are viable without direct government grants -
https://www2.slideshare.net/paulyoungcga/electricity-analysis-canada-and-the-world
• Fixing the systemic issues facing getting goods to market, i.e., over regulation, tax reform, carbon tax, etc. -
https://www2.slideshare.net/paulyoungcga/how-to-reshore-supply-chains
• Reforming the size of government - https://www2.slideshare.net/paulyoungcga/reforming-the-public-sector-for-canada-
all-levels-of-government

11. Employment by Class

12. Blog – Career Management
Nearly 60% of the unfilled jobs in Canada pay less than the average wage.
Student debt, cost of living, wages, and affordable housing are big issues for millennials.
https://www.slideshare.net/paulyoungcga/career-and-employment-outlook-for-canada-and-united-states-may-
2021

13. Digital Skills and Employment
Blog - Almost all workers will be required to learn new digital skills in the next decade
By the time we hit 2030, almost all workers in the UK (90 percent) will be required to learn new digital skills to do their jobs,
a new report from CRM provider Salesforce and analyst firm IDC argues.
To train such a vast number of workers, the country will need to spend approximately $1.8 billion every year.
While the Covid-19 pandemic may be partially responsible, causing a sudden shift to digital technologies, the report also
argues that this is nothing more than a natural course.
Source - https://www.itproportal.com/news/almost-all-workers-will-be-required-to-learn-new-digital-skills-in-the-next-
decade/?utm_source=Selligent&utm_medium=email&utm_campaign=20210709_ITPP_NWL&utm_content=20210709_ITPP_NWL+&utm_t
erm=10232255&m_i=RD%2BcY95O_A5zbS4yLTHSzMvhTecFYm8HeuG5AcP6_w0myLpf4DCAm0mBFNvyJayOqHlm28oLkPtfCLrQi5NtInvUpTf
ABx%2BRRR&lrh=cc9185154e0b053cbfbfc4d317bce2e564a15772850bb7db3c7c0d783bb6954f&M_BT=52351102088106
Blog – How to Reform STEM – Education and Training - https://www.linkedin.com/pulse/how-reform-stem-education-
training-paul-young/?published=t
How to improve job quality - https://www.slideshare.net/paulyoungcga/how-best-to-improve-job-quality-for-canadians

14. Job Shortages / Canada
As the Canadian economy emerges from more than 15 months of COVID-19 restrictions and workers begin to return to the
office, experts say a wave of employee resignations could trigger labour shortages in a variety of sectors.
https://www.canadianmanufacturing.com/manufacturing/wave-of-resignations-prompts-concerns-over-canadian-
labour-shortage-271207/
Blog – How to Reform STEM – Education and Training - https://www.linkedin.com/pulse/how-reform-stem-
education-training-paul-young/?published=t
How to improve job quality - https://www.slideshare.net/paulyoungcga/how-best-to-improve-job-quality-for-canadians
New research from the annual 3M State of Science Index reveals whether it is finding the way out of the pandemic, or
successfully tackling other issues such as sustainability and climate change. 93 per cent of Canadians recognize scientists as
being critical to our future well-being considering the pandemic. At the same time, 68 per cent of Canadians acknowledge
underrepresented minority groups often do not receive access to STEM education, which is critical not only because a more
diverse STEM workforce will result in more innovative ideas, but also to enable Canada to increase its global collaboration
to help solve some of our biggest problems.

15. Wages and Employment
Blog – Wages and Employment – Canada – April 2021
 Wages continue to trail the cost of housing.
 There are job vacancies issues that need to be addressed.
 Automation continues to drive operational models for both the private and public
sectors.
Source - https://www.slideshare.net/paulyoungcga/employment-and-labour-market-
canada-may-2021 or https://www.slideshare.net/paulyoungcga/wages-and-employment-
canada-april-2021

16. Immigration and Education
The goods-producing sector had 21.6% of the total jobs in Nov15 as compared to 20.4% in Jul21.
@JustinTrudeau failed to build an inclusive economy! It is time to build an inclusive economy through more
effective post-secondary and immigration programs. https://www.slideshare.net/paulyoungcga/how-best-to-
support-current-and-future-labor-markets-through-better-postsecondary-and-immigration-programs

17. CERB and Labor Shortages
https://www.theglobeandmail.com/politics/article-freeland-signals-openness-to-extending-some-pandemic-
support-programs/
We have labor shortages, productivity & supply chain issues, & high inflation. Canada requires a transition
plan to move Cdns off pandemic programs as part of growing the economy. @cafreeland continues to
show poor fiscal & economic mgmt. https://www.slideshare.net/paulyoungcga/how-to-improve-canada-
global-competitiveness-250054392

18. Summary
Canada employment market continues to face many challenges
Blog – Wages and Employment (Labor market) – Canada – July 2022
Labour force -
Employment - Canada - July 2022.pdf
Summary:
E
m p loym en t w as lit t le ch an g ed (-31,000) in J
u ly, an d t h e
u n em p loym en t r at e w as u n ch an g ed at 4.9%.
E
m p loym en t d eclin ed am on g old er an d cor e-ag ed w om en , w h ile
it w as u p am on g old er m en .
At t h e in d u st r y level, a d eclin e in t h e ser vices-pr odu cin g sect or
w as of f set b y an in cr ease in t h e good s-pr od u cin g sect or .
A d ecr ease in t h e n u m b er of em p loyees w or kin g in t h e p u b lic
sect or w as t em per ed b y a g ain am on g self -em p loyed w or ker s.
F
ew er p eop le w er e w or kin g in On t ar io an d Pr in ce E
d w ar d Islan d ,
w h ile em p loym en t w as lit t le ch an g ed in all ot h er pr ovin ces.
Tot al h ou r s w or ked w er e d ow n 0.5% in J
u ly, af t er in cr easin g 1.3%
in J
u n e. C
om p ar ed w it h a r ecen t peak in M ar ch 2022, t ot al h ou r s
w or ked w er e dow n 1.5% in J
u ly.
Th e aver age hou r ly w ag es of em ployees w er e u p 5.2% (+$1.55 t o
$31.14) on a year -over -year b asis in J
u ly, m at ch in g t h e p ace of
w ag e g r ow t h r ecor d ed in J
u n e.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/220805/dq220805a-eng.htm

19. Training and Development
 If you like to learn more
about trade and/or other
subjects as part of your
professional learning and
development then feel free
to review my material on
https://www.udemy.com/
(search Paul Young CPA
CGA)
 These subjects address
how to fixed issues with
housing and/or systemic
issues related to economy
including government
policies