{"id":44126,"date":"2015-03-06T01:36:09","date_gmt":"2015-03-05T17:36:09","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=44126"},"modified":"2015-03-06T01:36:09","modified_gmt":"2015-03-05T17:36:09","slug":"job-quality-at-record-low-problem-structural-no-relief-in-sight-cibc","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/03\/06\/job-quality-at-record-low-problem-structural-no-relief-in-sight-cibc\/","title":{"rendered":"Job quality at record low; problem structural, no relief in sight: CIBC"},"content":{"rendered":"<p><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/03\/shutterstock_98430122.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-44171\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/03\/shutterstock_98430122.jpg\" alt=\"shutterstock_98430122\" width=\"1000\" height=\"665\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/03\/shutterstock_98430122.jpg 1000w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/03\/shutterstock_98430122-300x200.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/03\/shutterstock_98430122-900x599.jpg 900w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/p>\n<p>TORONTO &#8212; A major Canadian bank says job quality in Canada is at a record low and shows no sign of turning around.<\/p>\n<p>The CIBC Canadian employment quality index was down 1.8 per cent from a year ago.<\/p>\n<p>The index measures the distribution of full and part-time jobs, the split between self-employment and paid-employment, and the compensation ranking of full-time paid employment jobs in more than 100 industry groups.<\/p>\n<p>The bank says the drop in Canadian job quality is more structural than cyclical in nature and likely can&#8217;t be reversed by monetary policy.<\/p>\n<p>CIBC deputy chief economist Benjamin Tal says the chief culprit is often seen as the growth in the number of part-time jobs, which have risen much faster than full-time employment. Tal says the damage caused to full-time employment by each recession has been, in many ways, permanent.<\/p>\n<p>But on the bright side, in the past year at least, he says the number of full-time jobs rose twice as fast as the number of part-time jobs &#8212; a factor that worked to offset some of the recent softening in the index.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO &#8212; A major Canadian bank says job quality in Canada is at a record low and shows no sign &hellip;<\/p>\n","protected":false},"author":44,"featured_media":44171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,18],"tags":[],"class_list":["post-44126","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-news-ca","mauthors-the-canadian-press1"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/44126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=44126"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/44126\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/44171"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=44126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=44126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=44126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}