This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Media Advisory - Governments Ignore Underlying Job Market Fractures At Own Peril, CAW Says

TORONTO, March 8, 2013 /CNW/ - Canada turned out 51,000 new jobs in February and more people are actively seeking work, but governments across the country are ignoring the underlying spread of precarious work at their own peril, said CAW President Ken Lewenza.

"Putting tens of thousands of Canadians back into paid work is only worth celebrating if these jobs provide some sense of security, stability and well-being," Lewenza said following the release of Statistics Canada's Labour Force Survey earlier today.

Lewenza noted that precarious forms of work have been on the rise in Canada over the past decades, with temporary (contract) jobs far outstripping the pace of growth for permanent jobs. A recent study of job market trends in the Greater Toronto Area and Hamilton, conducted by the United Way and McMaster University, found that precarious work has risen by 50 per cent over the past 20 years, making up one-in-five jobs across both regions. The study also found a link between the quality of jobs and overall household well-being.

Buried deep within Statistics Canada's Labour Force Survey are data that help track the rise of precarious work, but that do not typically make it into the national headlines, said Lewenza.

Comparing last month's job stats to February 2011, there has been a 9 per cent increase in temporary jobs (including contract and temporary agency jobs) - rising at three times the pace of growth for permanent jobs.

"There are cracks in the foundation of our job market," Lewenza said. "Unions, social agencies and academics are raising the flags, but it's ultimately up to government and employers - the standard-setters and job creators - to heed the call."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs