Of all the jobs lost in Canada in March, one of the most unusual was the job of white collar employment. The accounting and legal professions lost jobs at a far higher rate than manufacturing or transportation and warehousing. However, these three industries have fared much better over the past couple of years as both these sectors grew in size and productivity.
Accounting and legal professions also include auditors, tax accountants, public accountants, auditors, lawyers, paralegals, accountants, financial accountants, corporate accountants, financial analysts, and auditors. Accounting and legal professionals are currently in line with most other major occupations in Canada. More than a third of all employees in the sector are unionized.
Construction and manufacturing, one of the sectors that has been in decline for quite some time, has picked up since the beginning of 2020. The auto assembly plant in Oshawa is one of the many examples of how companies are making good use of automation. People are employed in this factory to assemble cars. The average age of these employees is over forty-four.
One of the more shocking statistics of the past year was the percentage of total number of jobs lost that were located in large cities such as Vancouver and Toronto. The median income of city residents is about four times that of people living in rural areas. The obvious consequence of this statistic is that if these individuals decide to move somewhere else, it will be harder for them to get a job in the first place.
Low wage earners, especially those who don’t make a lot of money, can also feel the negative impact on their pocket book when the amount of money they make declines. With so many companies going bankrupt and with so many salaried workers losing their jobs, it will be difficult for many Canadians to get ahead.
Marketing and communications, in terms of jobs lost, were on the “positive” side of the ledger for most. The focus is shifting to communication and sales, which are both on the rise. The rise in marketing and communications jobs was a result of more companies outsourcing their work to third-party entities.
Moreover, the focus in marketing has shifted to creative and innovative concepts, which are still considered traditionally less glamorous, but the most-needed because they require such-and-such skills. Thus, the creation of new jobs in the graphic design, communication, and PR fields is on the rise.
Medical and health care, in terms of jobs lost, was fairly evenly balanced among industries. The largest job losses in this sector were in the health care and allied services industry. The other sectors that are seeing significant job losses include finance, insurance, real estate, and construction.
Caregivers, in terms of jobs lost, is not a whole new set of career paths for people. It is just an addition to other career options for individuals who might want to advance in a different field.
Those looking for jobs in manufacturing have the opportunity to go back to their roots and return to what they know. People are encouraged to become entrepreneurs by manufacturing processes being re-evaluated. The goal is to create a more profitable manufacturing industry.
The “green” industries are thriving, as more businesses recognize the benefits of using recycled materials, recycled metals, and renewable energy. They’re focusing on these issues and, in many cases, they are outpacing competitors that don’t. have any of these components.
A sector that have shown great resilience over the past two years and likely to continue to grow are the federal government, because the money has never been there before. in this way.