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Job growth, pay shrinkage last year in Canada

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Issue: 33 Section: Canadian News Geography: Canada Topics: labour, poverty

January 31, 2006

Job growth, pay shrinkage last year in Canada

by Dru Oja Jay

Low paying and part time work is growing faster than other kinds of employment, according to a new report from CIBC World Markets.

"Not all full-time jobs are created equal - some of them are low-paying and
low-stability jobs," Senior Economist Benjamin Tal said in a release.

The CIBC report found that the number of jobs in low-paying sectors like the service industry and retail grew by 7.9 per cent, while jobs in high-paying sectors like manufacturing and electronics grew by 4.8 per cent.

According to the report, "A direct consequence of the declining job quality is the relatively slow growth in labour income, which averaged only 0.5 per cent annual real growth per worker since 2002."

Dru Oja Jay

» CIBC: Unemployment Rate Hits 30-Year Low But Job Quality Lags, According to CIBC World Markets Report

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