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
|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.