Программы 1СРазделы каталогаПопулярные программы 1СРазделы каталога1С:ERPОбъекты каталогаTry out, straight a evaluateКомментарийОсновные параметрыTry out, straight a evaluateСвойства комментарияHunter jobs growth predicted to slow to 1.4%
Wage growth would drop to 7.8% in 2017 compared to 7.9% this year
With the end of the year looming for Canadian employers, data for 2017 is starting to trickle in.
The National Household Survey found that the number of jobs opened increased slightly in January from the previous month, as did the number of total jobs. That trend is expected to continue, says Bank of Montreal economist Marc DesRosiers.
The Bank of Montreal expects that in 2017, the Canadian economy will be strong enough to grow at 2% or less, while other Canadian economies will grow at 7-9%.
Here's a look at where Canada's jobless rates are in line with the economy as a whole and where job growth may be expected.
Canada's jobless rate
The numbers for January 2017 are as follows:
January 2017 Actual unemployment rate 8.4 per cent
The Canadian economy is projected to grow at a slower pace in 2017 than expected in November. As you can see above, however, it's not all bad news for Canada's economy.
"The economy should add about 100,000 jobs in the first quarter of 2017 and a lot of Canadians should feel better about what's coming next year," said Bank of Montreal economist Marc DesRosiers.
While that might sound nice to a Canadian working person, economists don't think that means a jump in the unemployment rate will necessarily mean job growth.
"That's not likely. A lot of people see job growth coming in 2017 but the impact might be smaller. A drop in employment doesn't necessarily mean a jump in unemployment," said DesRosiers.
On the positive side, the jobless rate is expected to be lower in the first quarter of 2017 than in the first six months of the year.
According to Bank of Montreal economist Brad DeLong, jobless rates have been at an average of 10.3 per cent for the second straight year, after climbing to nearly 11.5 per cent in 2014.
"If anything, they're just going to be going up in the second quarter. At that level, they are not too much of an issue. But at the high end of the range, in the 12 months in the current cycle, we've seen something in the 18% to 26% range. And that's also been seen over that time for inflation," said DesRosiers.
How will 2017 compare to 2016?
Year-to-date, the Canadian economy has added 0.3 jobs a week, a 2.5 per cent increase. The unemployment rate has been 9.2 per cent, or 7.6 per cent above the leve
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