News from The Daily
Employer pension plans (trusteed pension funds)
The value of retirement savings of 4.6 million Canadian workers with trusteed pension plans rebounded between July and September last year, following its first decline in seven quarters. Market value of assets amounted to $854.9 billion in the third quarter of 2006, up 4.4% from the second quarter.
Productivity in Canadian businesses increased 0.3% between October and December, after a weak performance over the two preceding quarters. This reflected a slight slowdown in growth in gross domestic product and a more noticeable slowdown in the growth in hours worked.
Labour Force Survey
There was little overall change in the labour market in February as employment edged up slightly. The unemployment rate dipped 0.1 percentage points to 6.1%. Employment has been on an upward trend since August 2006.
Employment trends in the federal public service
The technological evolution of the working environment has had an impact on the federal government. After a small initial dip, there has been a steady increase in the number of employees in knowledge-based occupational categories and a clear decline among those not in such categories.
Payroll employment, earnings and hours
In December, the average weekly earnings of payroll employees increased 0.1% to $757.27 from November. This leaves the year-to-date growth in earnings at 3.0%. In Canada's largest industrial sectors, year-to-date earnings growth as of December was 3.6% for health and social assistance, 3.1% for educational services and 2.4% for manufacturing.
Gender differences in quits and absenteeism
Female workers are traditionally considered more likely than men to quit their jobs, to be absent or to take more days off for family reasons. In the past, this gender difference has been offered as an explanation for the wage gap between men and women.
Public sector employment
Government employment has registered year-over-year increases on a quarterly basis since the fourth quarter of 1999. The largest contributor to the relative increase in government employment was the educational, and health and social service institutions.
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