Canadian job quality hits 25-year low: study
The quality of jobs in Canada has dipped to its lowest level in a quarter century, revealing a structural issue that could prove difficult to reverse, says a new study by CIBC.
The big bank said Thursday its employment quality index, which slipped 1.8 per cent last year, was down 15 per cent since the early 1990s.
The index examines the distribution of full- and part-time positions, the gap between self-employment and the higher-quality jobs for paid employees, and whether full-time jobs were created in low-, medium- or high-paying sectors.
The study found that since the late 1980s the number of part-time positions climbed much faster compared with the higher-quality full-time gigs. On the bright side, it said the number of full-time jobs increased at twice the speed of part-time jobs over the past year.
However, the damage to full-time work during each recession was largely permanent, the study added.
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