Reply #101: According to this article, those who have lost jobs in one sector are finding jobs in others... [View All]

Canada's economy is churning out not only more but also better jobs, with layoffs in manufacturing being offset by the creation of high-quality work in other sectors, a Canadian Imperial Bank of Commerce report released Monday said.

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The improvement in job quality comes amid the well-documented woes of Canada's manufacturing industry. Pummelled by the soaring Canadian dollar, many manufacturers have been forced to cut jobs, leaving thousands of people out of work, many of them in Ontario.

However, Benjamin Tal, a CIBC economist and author of the report, said in Canada “the loss of manufacturing jobs is being offset by job gains in sectors with equivalent and higher employment quality.”

The CIBC report listed the low and high-paying sectors that gained and lost work in the first three quarters of the year. Rental and leasing services, clothing manufacturing, textile product mills, furniture manufacturing, and plastic and rubber manufacturing were among the low-paying sectors where job creation stalled. But jobs popped up in other, high-paying industries such public administration, oil and gas extraction, computer and electronic manufacturing, municipal administration, motor vehicle and parts wholesaler distribution, as well as non-store retailing.

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http://ctv2.theglobeandmail.com/servlet/story/RTGAM.20071029.wjob_quality1029/business/Business/businessBN/ctv-business