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Side menu bar Catalogue Number 75-001-XIE Table of contents Latest issue News from The Daily Latest data Survey information Back issues Feedback Studies Latest issue in PDF

April 2006
Vol. 7, no. 4

Perspectives on Labour and Income

News from The Daily


Labour Force Survey
Employment increased by 51,000 in March, bringing total gains from 12 months ago to 330,000 or 2.1%. The unemployment rate declined 0.1 percentage points to 6.3%, a 32-year low.

Low wage and low income
Fewer Canadians slipped into low income in 2004, while more were able to climb out. Only 3.3% of Canadians who were not living below Statistics Canada's low-income cutoff (LICO) in 2003 had slipped into low income in 2004.

The dynamics of overqualification
About one out of every five people in the work force who had a university education was overqualified for their job at some point during 2001. That is, they had worked in a job that required at most high school education.

Income of Canadians
Median after-tax income rose for most Canadian families in 2004 as strong economic growth fostered gains in employment which in turn boosted market income.

Work hours instability
While it was common to work a long work year in a given year, it was rare to work chronically long hours. One in five workers had at least one long work year between 1997 and 2001, but less than 1% had a long work year each year.

New frontiers of research on retirement
The baby boom generation, the vanguard of whom turns 60 this year, has caused fundamental changes in every social institution it has touched. Retirement will be no exception.

Adult education and its impact on earnings
On average, workers who participated in adult education and obtained a post-secondary certificate made significant gains in wages and earnings.

Employer pension plans (trusteed pension funds)
The value of the retirement savings of millions of Canadian workers with trusteed pension plans reached $776.3 billion in the third quarter of 2005, up 5.8% compared to the previous quarter.


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