News from The Daily
From school to the workforce
Canada's young people are making the transition from school to the workforce through a complex set of pathways, rather than simply finishing their education and jumping straight into a full-time job.
Canadian manufacturing continued to pick up steam in April. Another increase in shipments extended the string of consecutive gains to five months, the longest since the late 1990s. In addition, robust demand from abroad boosted manufacturers' backlog of unfilled orders. On the jobs front, manufacturing employment edged up 12,000 in May.
After a lacklustre performance during much of 2003, labour productivity in Canada's business sector rose 0.4% between January and March this year, the first quarter-to-quarter gain in a year.
The economic downturn in the high-tech sector in 2001 was so severe that most companies virtually stopped hiring new employees.
Labour Force Survey
Employment rose for the second consecutive month with a gain of 56,000 in May, nudging the unemployment rate down by 0.1 percentage point to 7.2%, the lowest rate since July 2001.
Knowledge workers are well represented across a diverse set of industries, not just in the high-tech sectors.
Logging and forestry, management of companies and enterprises, health care and social assistance, educational services, and other services (excluding public administration) continued to lead in strongest growth in average weekly earnings of payroll employees.
Net farm income
Net cash income plunged to its lowest level in more than 25 years in 2003 following back-to-back droughts in previous years and the mad cow crisis.
The estimated number of Canadians receiving regular Employment Insurance benefits in March decreased 0.8% from February.
Income of individuals
Median employment income of individuals reached $24,300 in 2002, up 4.1% from 1997, although it remained almost unchanged from 2001. Residents of the Northwest Territories again had the highest median employment income in Canada.
Labour productivity performance by industry
Ten of the 20 manufacturing industries recorded a decline in productivity, while another quarter recorded a slowdown. The stronger Canadian dollar in 2003 had a negative effect on manufacturing output.
Following five consecutive years of growth, after-tax family income remained virtually unchanged between 2001 and 2002.
Earnings of new immigrants
The earnings of new immigrants to Canada deteriorated during the 1980s and 1990s because of a complex set of factors involving the value of foreign job experience, language abilities and country of origin.
The economy: Year-end review
Canada's economic growth slowed considerably in 2003, when major developments in the country revolved around international events.
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