Canada\u0027s labour market problem is big enough to wonder whether anything can be done. The answer is yes, and the list of solutions is long.
Before we go there, just how bad is the immediate problem? Anecdotally, it’s awful. Ask anyone in leadership and they’ll say hiring is harder than ever. The data agree: Canada’sis at a half-century low, while labour force participation is at a record high. There is no wiggle room.
Canada isn’t alone. Unemployment in the United States has not been this low since the late 1960s, and the jobless rate in the European Union has never been lower. Key emerging markets are also dealing with chronic . The problem is big and bad enough to wonder whether anything can be done. The answer is yes, and the list of solutions is surprisingly long:Article contentIt’s the perennial Canadian silver bullet. The federal government’s targets have increased significantly, but we’ve seen that before, only to see actual immigration fall short. Last year’s increase was driven by a surge of non-permanent residents. In a typical year, we’d receive about 26,000 of this class of immigrant.
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