What’s new this week: hybrid work, participation of older workers in the labour force and the winners (and losers) in the current labour market
This week in brief
Good morning,
On tap this week, the case for upskilling and the participation of older workers, the state of hybrid work in Canada and a glance at the winners (and losers) in the labour market with all recent developments. A special lens will be put on how staffing firms should strategize on those topics.
Happy reading!
Minh Dang - Editor in Chief - The Canadian Labour and Staffing Journal
Winners and losers from the labour market (increasing) volatility
Canada’s job market once again defied expectations in June, adding 83,000 jobs — a figure that speaks to the surprising resilience of the country’s economy despite ongoing concerns over trade tensions, manufacturing slowdowns, and sticky inflation. The unemployment rate fell to 6.9%, reversing some of the softening seen earlier this spring.
Why reskilling older workers is Canada's missed opportunity, but could be a boon for staffing firms.
Canada, like much of the developed world, is on the brink of a demographic transformation that will reshape its workforce and economy for decades to come. The arithmetic is inescapable: people are living longer, fertility rates are falling, and the number of older people per working-age Canadian is set to surge. By 2060, Canada’s old-age dependency ratio is forecast to jump from 0.32 to 0.50 — meaning there will be just two working-age people for every person over 65.
Canada’s return to the office and the reshaping of hybrid work
The remote work revolution may not be over, but in Canada’s corporate towers, the pendulum is swinging back; toward the office, toward routine, and toward a more structured form of hybrid work.