Statistics Canada Reports II

[Xelebes]

Originally Posted by MolsonExport

very wooty numbers.

Will Montreal hit 5M before Calgary hits 2M?

Calgary might edge out Montreal there.

A closer race might be between Montreal and Winnipeg at 1 million.

[ScreamingViking]

Happy Canada Day, everyone.

Despite our squabbles on this and other forums, and the issues we all have with the way our country and its parts are run, I think those that live here should celebrate that we're at home in a relatively safe and beautiful land, without many threats (natural or national). And we're able to speak our minds without some authority cracking down on it.

I'm grateful.

I wish the best to you all!

[craner]

^Well said SV - and I will second everything you said.

[P'tit Renard]

Amazing the Trudeau Liberals don't realize that local young Canadians are collateral damage from their disastrous NPR policies. Where is this supposed labour shortage?

Especially difficult summer ahead for young people looking for jobs, economist says
https://www.theglobeandmail.com/cana...king-for-jobs/

[theman23]

Originally Posted by P'tit Renard

Amazing the Trudeau Liberals don't realize that local young Canadians are collateral damage from their disastrous NPR policies. Where is this supposed labour shortage?

Especially difficult summer ahead for young people looking for jobs, economist says
https://www.theglobeandmail.com/cana...king-for-jobs/

I imagine we’ve covered that labour shortage and then some by bringing in 3 million people over the last 3 years. Great news for business owners but yet another blow to the youth of this country.

[craner]

Population Clock Updates:
Manitoba about 2500 away from 1.5M.
BC about 650 away from 5.7M.

[P'tit Renard]

Originally Posted by theman23

I imagine we’ve covered that labour shortage and then some by bringing in 3 million people over the last 3 years. Great news for business owners but yet another blow to the youth of this country.

That reality has been confirmed by the Chief Economist at Indeed:



https://x.com/BrendonBernard_/status...82710713655799

But of course the Caspers and Nites of the world will keep trying to convince Canadians that there's still a desperate labour shortage.

[Coldrsx]

Originally Posted by P'tit Renard

Amazing the Trudeau Liberals don't realize that local young Canadians are collateral damage from their disastrous NPR policies. Where is this supposed labour shortage?

Especially difficult summer ahead for young people looking for jobs, economist says
https://www.theglobeandmail.com/cana...king-for-jobs/

My understanding and experience is that the participation rate for those under 25 and especially those under 18 has dropped ~10-15% in a decade and is a significant issue going forward.

[theman23]

Originally Posted by Coldrsx

My understanding and experience is that the participation rate for those under 25 and especially those under 18 has dropped ~10-15% in a decade and is a significant issue going forward.

That doesn’t seem to be the case. Closer to 5%, from 66 to 63%. Were basically where we were in the 90s.

https://www150.statcan.gc.ca/t1/tbl1...501%2C19940501

[Coldrsx]

The latest in our region is >10%+.

[Aimhigh]

Originally Posted by theman23

I imagine we’ve covered that labour shortage and then some by bringing in 3 million people over the last 3 years. Great news for business owners but yet another blow to the youth of this country.

I would say it's actually disastrous news for Canadians in general.

These business owners are able to keep wages stagnant and therefore, effectively dropping due to inflation. We don't even really have a labour shortage and never did. We have a wage shortage and always did. Now kids and young adults have no jobs and even if they did, why would they waste their time going to it when it's essentially indentured servitude if they live by themselves.

The whole TFW system needs a major rethink.

[MonkeyRonin]

Originally Posted by P'tit Renard

Amazing the Trudeau Liberals don't realize that local young Canadians are collateral damage from their disastrous NPR policies. Where is this supposed labour shortage?

Especially difficult summer ahead for young people looking for jobs, economist says
https://www.theglobeandmail.com/cana...king-for-jobs/

Immigrants & NPRs themselves are also collateral damage. For all the virtue signalling around our immigration policies, unemployment is rising faster amongst recent immigrants than any other demographic, and is twice the national average:

Canadian Unemployment Surges For Young Adults & Recent Immigrants

Stephen Punwasi
June 25, 2024

Canada rapidly scaled its generous immigration policy to fill a surge of vacant jobs. Those vacancies proved to be temporary, but the immigration policies remain largely unchanged. According to Bank of Canada (BoC) data, this is producing higher unemployment and more competition for the remaining jobs. As a result, 1 in 8 recently arrived immmigrants are now considered unemployed. However, the damage doesn’t stop there—Canada’s youth unemployment rate is even higher, as young adults compete for the same entry level roles.

Canada’s Job Market Is Tightening, Unfilled Jobs See A Sharp Decline

Canada’s job vacancy rate, the share of jobs that are unfilled, surged post pandemic. The job vacancy rate peaked at 5.7% around March 2022, and has since fallen to 3.4% as of May 2024. That’s a decline of 2.3 points, meaning the days where Canada was scrambling to fill jobs is a thing of the past.

This tightening job market impacts most people, but the central bank notes two demographics are disproportionately impacted—immigrants and young adults.

Welcome To Canada. There’s A 1 In 8 Chance You’ll Be Unemployed

Recent immigrants, defined as permanent and non-permanent residents that arrived within the last 5-years, have a much harder time finding a job these days. The unemployment rate for this segment climbed 11.7% in May 2024, about 2.3 points higher than it was before the pandemic kicked off in February 2020. That means 1 in 8 people that arrived within the past 5 years are currently unemployed. Recent immigrants are twice as likely to be unemployed than the rest of the population.



Canada’s Youth Unemployment Surges As Immigrants Out Compete

Think that’s bad? The tightening job market means the odds of employment are even worse for Canada’s young adults. The youth unemployment rate climbed to 12.7% in May, rising 2.4 points above February 2020’s pre-pandemic rate. It’s worth noting the rate is now above the unemployment rate of recent immigrants. This is because young adults and recent immigrants tend to compete for similar entry-level and early career roles.

https://betterdwelling.com/canadian-...nt-immigrants/

[Architype]

Originally Posted by craner

Population Clock Updates:
Manitoba about 2500 away from 1.5M.
BC about 650 away from 5.7M.

BC has 428 to go, 8 hours later.

[Zeej]

Québec is 3500 away from 9.1M, which was Statcan's projection a couple of years ago for its reference scenario population in 2048.

[KnoxfordGuy]

From CTV Atlantic today:

"New Brunswick saw the highest population growth rate in more than 50 years in 2023, according to a new report.

The 2023 Economy in Review report says the province’s population hit 834,691 on July 1, 2023, which represented a 3.1 per cent from 2022 and the highest growth rate in the comparable data since 1972.

The report further notes the population growth of 64,194 in the past five years is equivalent to the growth observed between 1980 and 2018. Moncton was the fastest growing census metropolitan area in Canada for the second year in a row while Fredericton was the ninth.

Stats Can shows record quarter for immigration growth in Maritimes
Urban growth strategy projects needed for 16K housing units in Moncton over 25 years. The report says the province’s economy grew by 1.3 per cent in 2023 and employment rose by 3.5 per cent, which was the highest such growth rate since 2002.

“The unemployment rate decreased to 6.6 per cent, which is the lowest rate ever recorded for New Brunswick since Statistics Canada started gathering comparable data in 1976,” the report says.

The overall vacancy rate for private apartments fell from 1.9 per cent in 2022 to 1.5 per cent in 2023 while the province also recorded 4,547 housing starts, the second-highest level since 1983.

Investment in building construction reached $3.8 billion, representing a 9.3 per cent increase and the largest growth among the provinces."

[MonkeyRonin]

Originally Posted by KnoxfordGuy

From CTV Atlantic today:

"New Brunswick saw the highest population growth rate in more than 50 years in 2023, according to a new report.

This could be said for basically anywhere in Canada of 2023.

[craner]

Originally Posted by Architype

BC has 428 to go, 8 hours later.

And now already there.

[svlt]

Originally Posted by craner

Population Clock Updates:
Manitoba about 2500 away from 1.5M.
BC about 650 away from 5.7M.

Alberta 5 mil, Ontario 17 mil and Quebec 10 mil are the next three big milestones in order probably. Then BC 6 mil, PEI 200 and NB 900. Wild.

[theman23]

Originally Posted by MonkeyRonin

Immigrants & NPRs themselves are also collateral damage. For all the virtue signalling around our immigration policies, unemployment is rising faster amongst recent immigrants than any other demographic, and is twice the national average:




https://betterdwelling.com/canadian-...nt-immigrants/

To add to this, disposable income adjusted for inflation has fallen post-pandemic for all income quintiles except the top one. I'm guessing there is a bit of base effect here due to CERB in 2020, but there is likely more than that because trend isn't correcting itself:


https://www.desjardins.com/content/d...-june-2024.pdf

[csbvan]

Originally Posted by svlt

Alberta 5 mil, Ontario 17 mil and Quebec 10 mil are the next three big milestones in order probably. Then BC 6 mil, PEI 200 and NB 900. Wild.

Quebec would have to see pretty incredible growth to hit 10 million before BC hits 6 million...