I always do an inner wince when I hear a new university student say they are taking English or History. I wonder what do you do with that now? Personally if I were to re-train I would go straight to a trade. I even think about doing it now for fun.
One women I met got her truckers license just in case her husband ever left her. She did long haul trucking for 5 years too. How cool I thought and liberating.
So what are the best fields to go into?
Check here
Showing posts with label employment figures. Show all posts
Showing posts with label employment figures. Show all posts
Tuesday, October 02, 2012
Monday, June 08, 2009
Jobless rate high but low. It's all perspective.
Today headlines screamed "Edmonton Jobless rate a 12-year high" the jobless rate is almost double what it was last year this time at 6.6%. This is due to summer job seeking students and possibly an influx of new Albertans looking for work in what many think is the best place in Canada to get a job.
"The sharply rising labour market is a reflection that Alberta is still enjoying an inflow of interprovincial migrants. Canadians from other provinces are still regarding Alberta as one of the better places in the country to be looking for work." ATB Financial senior economist Todd Hirsch
However, this seemingly scary number is actually a recognized indicator that the recession may be coming to an end.
"The job market is a lagging indicator, and history tells us that the peak of job losses typically corresponds to the official end of a recession. Judging by that, we are increasingly hopeful that Canada and Alberta have already turned the corner on this nasty recession."
It's interesting to note that although Alberta's jobless rate is at a 12-year high it is still the third lowest in Canada. Proving that it's all how you look at it.
"The sharply rising labour market is a reflection that Alberta is still enjoying an inflow of interprovincial migrants. Canadians from other provinces are still regarding Alberta as one of the better places in the country to be looking for work." ATB Financial senior economist Todd Hirsch
However, this seemingly scary number is actually a recognized indicator that the recession may be coming to an end.
"The job market is a lagging indicator, and history tells us that the peak of job losses typically corresponds to the official end of a recession. Judging by that, we are increasingly hopeful that Canada and Alberta have already turned the corner on this nasty recession."
It's interesting to note that although Alberta's jobless rate is at a 12-year high it is still the third lowest in Canada. Proving that it's all how you look at it.
Monday, July 14, 2008
Don't Fret Month To Month
If I reacted to everything that was reported in the news I would be a nervous wreck. Sensation sells and if we were told, "Oh don't worry about it - markets have blips all the time..." then no one would be a newspaper or read the news.
On that note Canada lost 6,000 jobs in June:
"We wouldn’t make too much of a one-month dip in employment --- that can happen even in the middle of a boom. However, the jobless rate continues to gradually grind higher --- now up 0.4 percentage points since its three-decade low at the start of the year --- while full-time employment growth is clearly fading. The slow slackening in the labour market may start to take some of the steam out of wages, which would be a moderate relief to the Bank of Canada’s inflation concerns. The Bank was anticipating slow growth this year, and these figures are hardly shockingly weak, so it won’t do much to alter their bigger view." Douglas Porter, BMO Capital Markets
I chose this one specifically because he stressed that one month is irrelevant in the big picture. To read more takes on the same subject from all the major bank's analysts in Canada CLICK HERE.
On that note Canada lost 6,000 jobs in June:
"We wouldn’t make too much of a one-month dip in employment --- that can happen even in the middle of a boom. However, the jobless rate continues to gradually grind higher --- now up 0.4 percentage points since its three-decade low at the start of the year --- while full-time employment growth is clearly fading. The slow slackening in the labour market may start to take some of the steam out of wages, which would be a moderate relief to the Bank of Canada’s inflation concerns. The Bank was anticipating slow growth this year, and these figures are hardly shockingly weak, so it won’t do much to alter their bigger view." Douglas Porter, BMO Capital Markets
I chose this one specifically because he stressed that one month is irrelevant in the big picture. To read more takes on the same subject from all the major bank's analysts in Canada CLICK HERE.
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