Advertisement

“Canada: Full−time jobs down and part−time jobs up ... - FXStreet.com” plus 1 more

“Canada: Full−time jobs down and part−time jobs up ... - FXStreet.com” plus 1 more


Canada: Full−time jobs down and part−time jobs up ... - FXStreet.com

Posted: 09 Apr 2010 06:24 AM PDT

Fri, Apr 9 2010, 13:29 GMT
by Economic and Strategy Team

National Bank of Canada  |  View company's profile


Canadian employment: the private sector picks up the baton

Latest (monthly change): +17.9k (Actual); +26.0k (expected)
Previous: +20.9k

FACTS: Total employment rose 17.9K in March following an increase of 20.9K in February. Gains were concentrated in part-time employment (+32.2K) while full-time jobs fell by 14.2K. The private sector added 42.4K jobs while the public sector showed a decrease of 20.6K. A decline of 4.0K was observed for the self-employed. The goods-producing sector experienced a strong showing in March, adding 39.8K headcounts with the largest increase coming from construction (+21K) followed by natural resources (+13.2K).

The service producing sector lost 21.9K jobs with the largest losses coming from other services (-30.0K) and business, building & other support services (-26.3K). Professional, scientific and technical services (+38.4K) and trade (+13.7K) showed the biggest gains in the sector. At the provincial level 6 of 10 provinces registered an increase in employment with Ontario (+10.3K) and Quebec (+6.3K) showing the largest gains. The unemployment rate remained unchanged at 8.2%. Total hours worked decreased 0.4% during the month while average hourly wages rose 2.2% y/y.

OPINION:
Despite the decline in full-time jobs in March, this morning's employment report is nevertheless suggestive of a healthier labour market. Private sector jobs showed another robust increase in March (+42.4K), and added a total of 88.6K new headcounts in Q1, the strongest quarterly showing since Q1 2008, i.e. before the recession. The contribution from the private sector confirms that the Canadian recovery is well entrenched. Furthermore, the goods producing sector, the hardest hit in the recession, is starting to contribute to job creation with a gain of 39.8K jobs in March. Going forward, we expect manufacturing and transportation to benefit significantly from the strong inventory rebuilding cycle that is unfolding. With the wage bill up a solid 4.1% in Q1, we believe that the Bank of Canada will have no choice but to acknowledge once again that the Canadian economy is stronger than it expected. We reiterate our forecast that the BoC will increase its policy rate at the June meeting.



Related reports

Financial Trend Analysis Strategy: Long USDJPY by Financial Trend Analysis
Mon, Apr 12 2010, 07:51 GMT

FX markets gather steam by Mizuho Corporate Bank
Mon, Apr 12 2010, 07:00 GMT

Canada Futures June Contract by Charmer Charts.com
Mon, Apr 12 2010, 06:57 GMT

EUR soars as details of joint EU/IMF aid package emerge by Saxo Bank
Mon, Apr 12 2010, 06:51 GMT

EMU industrial production (February): More or less stable by BHF-Bank
Mon, Apr 12 2010, 06:41 GMT

employment, indicator, canada, usdcad, highlighted

[ View All ]

Related content

Spot Gold rally reaches 4-mth high at $1.170 on Greece bailout
FXstreet.com | Mon, Apr 12 2010, 08:03 GMT

Forex: EUR/USD rally might extend to 1.3820 - Commerzbank
FXstreet.com | Mon, Apr 12 2010, 07:20 GMT

Forex: USD/JPY rallies to session highs above 93.30
FXstreet.com | Mon, Apr 12 2010, 07:01 GMT

Forex: GBP/USD extends rally to 1.5485, 7-week high
FXstreet.com | Mon, Apr 12 2010, 06:45 GMT

Forex: EUR/USD soars to 1.3690 high on Greece bailout
FXstreet.com | Mon, Apr 12 2010, 06:31 GMT

employment, indicator, canada, usdcad, highlighted

[ View All ]

SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 29th Edition
Wayne McDonell | Fri, Oct 3 2008, 11:30 GMT

Outlook for the major currencies this week
Ian Copsey | Tue, Oct 7 2008, 08:00 GMT

Back to Basics: RSI
Adam Rosen | Mon, Oct 13 2008, 13:00 GMT

Dan Blystone's Daily Briefing
Dan Blystone | Wed, Oct 15 2008, 16:00 GMT

Dan Blystone's Daily Briefing - Free Access Day
Dan Blystone | Thu, Oct 16 2008, 16:00 GMT

employment, indicator, canada, usdcad, highlighted

[ View All ]

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.

Macho men shun part-time jobs - Adelaidenow

Posted: 05 Apr 2010 07:40 AM PDT

MEN wanting to switch from full-time to part-time work are afraid they will miss out on promotions or be seen as a "girl", a new national workplace group says.

The 100% Project is researching male roles in the workplace as part of its program to improve leadership opportunities for all workers.

Board chair Frances Feenstra said men had the same opportunity as women to change to part-time work but most did not take it.

"Many organisations have great policies around part-time work . . . but within these organisations, people see that those opportunities are there for people, generally women, who have children," Ms Feenstra said. "Men don't like speaking up.

"They don't want to be perceived as being a team player or as being a girl. But because they don't talk about it, they don't know how many other men want it as well."

Ms Feenstra said surveys had found 68 per cent of fathers believed they did not spend enough time at home and 60 per cent believed their jobs made them miss out on some of the most rewarding parts of being a parent.

But she said the 100% Project's national research found 78 per cent of men and 84 per cent of women believed a part-time worker had fewer chances at a promotion.

It also found 60 per cent of senior leaders believed a worker's promotional opportunities would be affected if they worked part time, mostly because a part-time position would not fit the requirements of a senior role.

"People say it will all be different with the new generations coming through, but we've been waiting for it to happen in the past 50 years and it hasn't happened," Ms Feenstra said.

"There's a perception, rightly or wrongly, that part-timers are not putting in the same and aren't around when you need them and they are not carrying the same load."

But she said there were many industries in which a part-time worker would do equally complex work as a full-time worker or could complete as much work in a reduced time frame.

SeeSaw Advertising director Rhys Sandery works reduced hours to spend more time with his two children.

He takes Friday afternoons and Monday mornings off and would encourage his staff to change to part-time hours if they wanted more time with their children.

"If I wasn't doing that, I'd be unhappy," he said.

Mr Sandery has a mobile phone and computer at home, so can complete any urgent work away from the office.

"I think it's a good thing that dads are looking after their kids more," Mr Sandery said. "I think that parenting should be an equal thing . . . and a parent shouldn't get preference for part-time because she's a woman."

Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction.


Recommended Posts :

0 comments:

Post a Comment - Back to Content

:)) ;)) ;;) :D ;) :p :(( :) :( :X =(( :-o :-/ :-* :| 8-} :)] ~x( :-t b-( :-L x( =))