News from The Daily
Employer pension plans (trusteed pension funds)
The market value of trusteed pension funds assets ended 2006 with a surge to $915 billion. Fund assets, which had declined 2.1% earlier in 2006, rebounded 7.0% in the final three months.
Rising education of women and the gender earnings gap
The earnings gap between young women and men only declined moderately during the 1990s, despite a dramatic increase in the proportion of young women holding a university degree.
The year 2007 opened on a solid note for productivity in the Canadian business sector. Between January and March, quarterly labour productivity growth accelerated to 0.7%, more than three times the pace in the previous quarter (+0.2%).
Labour Force Survey
Employment was little changed for a second consecutive month in May, with full-time gains mostly offset by losses in part time. The unemployment rate held steady for the fourth straight month at 6.1%, a 33-year low.
Income of individuals
The median total income of individuals amounted to $25,400 in 2005, up 1.9% from 2004 after adjusting for inflation. This is the largest annual increase in median total income of individuals since 2001.
An estimated 482,220 Canadians received regular Employment Insurance benefits in March, a slight drop of 0.7% from February.
Payroll employment, earnings and hours
In March, the average weekly earnings of payroll employees increased $2.70 (+0.4%) from February to $765.76. The year-to-date growth reached 3.1%.
Couple families in Ottawa-Gatineau had the highest median total family income among all census metropolitan areas (CMA) in 2005.
Impact of immigration on labour markets in Canada, Mexico and the United States
Immigration has tended to lower wages in both Canada and the United States. However, the impact of immigrants on the wages of domestic workers depends to a large extent on the skill mix of the newcomers.
Service offshoring and employment
There appears to be no evidence that industries with a relatively large share of occupations subject to service offshoring in the mid-1990s had recently undergone a deceleration in employment growth relative to other industries.
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