Vol 1, Issue 2. January 14, 2021
Hamilton's Labour Market Connection
Your weekly news & updates from WPH!
In this week's edition: EmployerOne - Business Impact & Workforce Needs Survey Launching Soon; December 2020 Hamilton Labour Market Snapshot; Does Canada need an information tool linking skills, trianing and jobs?; Hamilton LMI Dec 2020
Launching Soon: Business Impact & Workforce Needs Survey EmployerOne 2021

WPH has partnered with the City of Hamilton to deliver this year’s EmployerOne Survey to collect local labour market information and to also understand how COVID-19 is affecting local businesses.  

The survey will be launching soon!
December 2020: Hamilton Labour Market Update

Unemployment rates are increasing...
Across Ontario the labour market worsened in December, as lockdowns started to be implemented across more regions, including Hamilton. Employment decreased by 11,900 jobs in December, the first month of job losses after 6 months of gains. Most of the job losses came from part-time jobs. With the lockdown continuing in January, we most likely can expect job losses to continue. With the recent announcement of Ontario being placed into a state of emergency for 28 days it is inevitable that job losses will continue into February.

The unemployment rate increase by 0.4 percentage point rising back to 9.5%. Also, the employment rate (number of people working in the population) decreased by 0.1 percentage points bringing it to 58.9%. The employment rate is still well below the rate it was before the pandemic in February at 61.6%.

In Hamilton, the decline was not as large. This is most likely because the data for Hamilton is a three-month moving average so December data will incorporate October and November. Employment increased by 8,700 jobs but the unemployment rate increased by 0.1 percentage points bring in to 8.1%.
Does Canada Need an Information Tool Linking Training, Skills & Jobs?
Canadian workers need a comprehensive source of information that links training programs to skills. All players in the economy will benefit. Amid the many uncertainties that this new year brings, we can make one prediction with confidence: In 2021 – and beyond – many Canadians will need some kind of training to ensure they have the skills needed to succeed in their current job or to find a new one.

However, as of today, Canada has no information system that would help workers in need of reskilling to find suitable education and training options that could provide sought-after skills. Effective training and skills programs will be central to helping these and other workers succeed in their current career path or to transition to entirely new ones.

These training programs will be successful only if Canadians can accurately identify the skills required for specific jobs, find the course or program that best teaches those skills, and have the ability and financial means to engage in that training.

Hamilton Labour Force Information:
December 2020

The Hamilton Chamber of Commerce, in partnership with the City of Hamilton, Hamilton Economic Development, and the Flamborough and Stoney Creek Chambers of Commerce, are closely monitoring and assessing new developments pertaining to COVID-19, as well as its impacts on Hamilton business.

Workforce Planning Hamilton | 905-521-5777| info@workforceplanninghamilton.ca | www.workforceplanninghamilton.ca