Canada gain 418K net new jobs over the previous month. Canada still has on average recovered about 93% of the jobs since February 2020. Many jobs likely are not coming back

1. P A U L Y O U N G C P A C G A
A U G U S T 7 , 2 0 2 0
EMPLOYMENT MARKET – CANADA -
JULY 2020

2. Paul Young - Bio
• CPA, CGA
• Financial Solutions
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
• SME – Emerging Technology
• SME – Cloud-based solutions
Contact information:
Paul_Young_CGA@Hotmail.com

3. Agenda
• Employment by Sector – July 2020
• Employment Above Average Wages – (based May 2020 Wages)
• CERB and EI Changes
• Education / Skills
• Automation / Employment
• What’s next

4. Wages / Above Average Wages

5. Above Average Wage Employment by Period

6. Job Recovery – July 2020 (February 2020)

7. Blog – EI and CERB Changes
• https://www.canadianmanufacturing.com/financing/as-cerb-winds-down-labour-group-asks-liberals-to-
rethink-ei-258526/
• CERB and EI programs were design to provide support to people that has lost their jobs. These programs
were never designed to be guarantee income
@DeenaLadd - The focus should be on mitigating the risk of COVID while growing the economy
https://www.slideshare.net/paulyoungcga/gdp-canada-may-2020

8. Blog – Education and Skills
https://www.slideshare.net/paulyoungcga/human-
capital-management-skills-and-education
Post Covid19 likely will see a different labor
market. Automation likely will take the forefront.
The focus of @StevenDelDuca was about
expanding Universities without truly looking at
what skills were required for today and tomorrow!

9. Automation / Employment
Automation will play a bigger role in terms of productivity, efficiency, and effectiveness in terms of operational
models - https://www.slideshare.net/paulyoungcga/whats-next-for-automation-private-and-public-sector
Why has @CQualtro said little about automation in terms of the economic recovery? Could it be Minister of
Employment will be pushing guarantee income? https://www.slideshare.net/paulyoungcga/policy-analysis-
guarantee-income

10. What’s next?
• More and more businesses will restructure their operation based on the new
business normal - https://www.cbc.ca/news/business/ccaa-insolvency-bankruptcy-
1.5673566
• All levels of government need to focus on mitigating COVID19 risk as well as opening
the economy - https://www.slideshare.net/paulyoungcga/gdp-canada-may-2020
• All levels of government need to focus on reforming their taxation and social policies
- https://www.slideshare.net/paulyoungcga/public-sector-how-to-reform-all-levels-
of-government
• Moving people off CERB to EI will require both existing and new training programs -
https://www.slideshare.net/paulyoungcga/policy-review-unemployment-insurance-
canada and https://www.slideshare.net/paulyoungcga/automation-and-human-
capital-management-human-resources