Quebec clocked its lowest-ever jobless rate on record, and youth made headway in the labour market as well.
Some smaller cities are seeing a hiring boom, but that may not last.
Down 5,700 from September.
Weak growth necessitates that we use all of Canada's assets to reignite our economy. Yet, data are assets that have yet to be effectively leveraged. While we fixate on the numbers of startups or high growth firms, do we really have adequate data with which to build a resilient labour force or an innovative economy?
What can be done to tackle the employment obstacles facing Canada's youth? Plenty. Too often, government reports and media accounts wax poetic over our fine universities as a source for solutions to our youth employment challenges. Our equally impressive polytechnics get lost in the discussion.
If our economy is shifting, how much emphasis do we really need to place on filling predicted shortages and attracting more young people to the trades? While we focus so much on the digital space, we can't forget that Canada is about to make massive investments in physical infrastructure.
Although clearly a critical factor, pointing students in the right direction is only half the battle. The other half must be improving collaboration between government and industry to develop tangible solutions to strengthen the future workforce. As far as we're concerned, that time is now.
Our labour market is not evolving to help companies compete globally. Modernizing our labour market requires two things: a talent pool equipped with the appropriate skill sets, and an up-to-date approach on collecting and sharing labour market data.
The Uber economy and related growth in income precariousness is a pressing social and cultural issue and one that needs more innovative thinking and action. But there's another side to the labor disruption underway: for highly skilled professionals, consultants, knowledge workers and accomplished executives -- the gig economy offers the opportunity for an unprecedented level of career control and satisfaction.
Shrinking profits aren't just a problem in the oil business anymore.