Unemployment rate dropping, so is job quality

Rate dips to 7.5 per cent for June, but new study claims positive numbers exaggerate the real health of the Canadian labour market
By
|hrreporter.com|Last Updated: 04/10/2003

The unemployment rate dipped 0.2 per cent last month to 7.5 per cent, as 66,000 new jobs were created in June according to Statistics Canada. But a new report is casting a shadow on the positive numbers.

Nearly all of the new jobs created last month are full-time, with the bulk of them added to the manufacturing sector. But Benjamin Tal, a senior economist with CIBC World Markets, said the quality of a lot of the new jobs created over the last year leave a bit to be desired.

Of the 142,000 full-time positions created over the past year, few of them were high-quality, high-paying jobs, he said.