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Canada Unemployment at 6.4 per cent

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The Canadian economy lost 1,400 jobs in June as the unemployment rate climbed to its highest level in more than two years, Statistics Canada said Friday.

In its monthly labour force survey report, the agency said the unemployment rate came in at 6.4 per cent for the month, up from 6.2 per cent in May, as the size of the labour force grew.

The June result was the highest reading for the unemployment rate since January 2022 when it was 6.5 per cent.

Statistics Canada noted the unemployment rate has trended up since April 2023, rising 1.3 percentage points over that period.

It also said that as the unemployment rate has increased, so has the proportion of long-term unemployed with 17.6 per cent of those unemployed in June having been continuously jobless for 27 weeks or more, up four percentage points from a year earlier.

The overall loss in the number of jobs in June came as the economy lost 3,400 full-time positions, offset in part by a gain of 1,900 part-time jobs.

Statistics Canada said the number of people working in transportation and warehousing fell by 11,700, while those in public administration dropped by 8,800.

The accommodation and food services sector added 17,200 jobs and the number of those working in agriculture grew by 12,300.

The jobs report is a key data point ahead of the next Bank of Canada interest rate decision set for July 24.

The central bank cut its key interest rate last month for the first time since the early days of the pandemic. The bank’s policy interest rate stands at 4.75 per cent.

Here’s a quick glance at unemployment rates for June, by province

  •    Newfoundland and Labrador 9.2 per cent (9.9)
  •    Prince Edward Island 8.0 per cent (7.1)
  •    Nova Scotia 6.6 per cent (6.4)
  •    New Brunswick 7.7 per cent (7.5)
  •    Quebec 5.7 per cent (5.1)
  •    Ontario 7.0 per cent (6.7)
  •    Manitoba 5.1 per cent (4.9)
  •    Saskatchewan 5.5 per cent (5.6)
  •    Alberta 7.1 per cent (7.2)
  •    British Columbia 5.2 per cent (5.6)

This report by The Canadian Press was first published July 5, 2024.

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LCBO stores reopen 18 days after workers walked off the job as stores anticipate deliveries to restock – Toronto Star

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LCBO stores reopen 18 days after workers walked off the job as stores anticipate deliveries to restock  Toronto StarView Full Coverage on Google News

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Delta still struggling after Crowdstrike outage, cancelling hundreds more flights Monday – CBC.ca

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  1. Delta still struggling after Crowdstrike outage, cancelling hundreds more flights Monday  CBC.ca
  2. Falcon Content Update Remediation and Guidance Hub  CrowdStrike
  3. July 19-22, 2024 operation  Delta News Hub
  4. Delta still cancelling hundreds of flights after CrowdStrike outage. Why?  Global News Toronto
  5. CrowdStrike incident has CIOs rethinking their cloud strategies  CIO

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Before Spending Money on a ‘Career Coach,’ Do Yourself a Favour, First Try These Job Search Strategies

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I’m sure you’re aware of the “career coaching” industry—Internet talking heads promising job search and career success—that’s sprung up in recent years. Worth noting: The industry is unregulated. All career coaches are self-proclaimed; no certification or licensing is required.

 

Career coaches have one ultimate goal: To make money off you.

 

Today’s tight job market is making job seekers frustrated and desperate, which career coaches are taking advantage of with their promise of insider knowledge, personalized guidance, and a direct line to the hidden job market. Career coaches market themselves as a shortcut to finding a job, which is appealing when you’ve been unemployed for a while.

 

I’m not averse to hiring a career coach to assist you with your job search; it’s your money. However, keep in mind a career coach…

 

  • is a significant expense, especially if you’re unemployed
  • will only offer common sense advice, nothing that you probably already don’t know or haven’t read or heard before, and
  • doesn’t have insider knowledge

 

…and you’ll still need to do the activities related to job searching.

 

When asked, “Nick, should I hire a career coach?” my answer is an unequivocal “No!” Conducting your job search solo will not only save you money, you’ll also be developing job search skills you’ll need for the next time—chances are there’ll be a next time—you’re job hunting. Before spending thousands of dollars on a career coach, I suggest first trying the following job search strategies.

 

Optimize your online presence.

 

In today’s digital-first job market, employers will check your online digital footprint to evaluate your candidacy; are your interview-worthy? Start with the obvious: Ensure your LinkedIn profile is up-to-date and showcases your quantified accomplishments (a non-quantified statement is an opinion) so employers can see the value you can add. Do yourself a favour, read LinkedIn Mastery: A Comprehensive Guide to Navigating Digital Landscapes Effectively, by Benjamin Stone.

 

Necessary: Stay active on LinkedIn!

 

Your LinkedIn profile can’t be non-active. Maximizing LinkedIn’s potential requires regularly engaging with content, commenting on posts, and contributing original content. Engaging actively and visibly on LinkedIn will lead to opportunities.

 

Next:

 

  • List your social media accounts.
  • Deactivate accounts you are no longer using.
  • Set any accounts you don’t want prospective employers or recruiters to see to private.
  • Ensure your social media profiles (g., display name, handle, headshot, bio) convey the same message about your professional background.

 

Leverage your existing network (a low-hanging fruit few job seekers take advantage of).

 

Everyone has a network of some sort. This means since all job opportunities are attached to people—good news—there are job opportunities all around you. Often, your barista, dentist, hairstylist, neighbours, fellow members of whatever club or association you’re a part of, and, of course, family and friends can help open doors for you.

 

Tell everyone you know that you’re looking for a new job. Always carry extra copies of your resume and hand them out when appropriate. You’ll be surprised at the number of people willing to help you when they understand your situation.

 

Read these two books:

 

 

Ferrazzi outlines practical strategies for building relationships, networking, and leveraging connections

.

 

Hollins provides actionable strategies for achieving your job search and career goals, such as overcoming procrastination and boosting productivity with focus and discipline.

 

Apply less, connect more.

 

Applying online is a waste of time. In previous columns, I’ve noted that applying online is comparable to playing the lottery; you’re hoping a stranger hires you. Numerous studies have shown that most jobs aren’t advertised; they’re filled through connections and referrals.

 

Job searching today is a long game; you need to be patient. Today, you need to network your way into a company and identify opportunities, which no career coach can do for you. It’s unlikely the resume you submit online will be reviewed. Paying to have your resume redesigned won’t get it more views; getting it in front of people who can hire you will.

 

Take what you will from the following.

 

A few months back, a job seeker asked me, “I’ve been working as a help desk agent at a healthcare software company for five years. I want to become a Director of IT at a large multinational company. What should I do?”

 

How should I know? I’m not a Director of IT. Why not ask the Director of IT at a large multinational company?

 

Take advantage of the fact that people love talking about themselves. Dinner with someone who holds the position you aspire to is a better investment than hiring a career coach who lacks your dinner partner’s real-world experience. I charted my career path by observing those ahead of me and seeking their advice. Talking to people who are where you want to be will benefit your job search and help you achieve your career aspirations.

 

By shifting your mindset, optimizing your online presence, leveraging your existing network, staying engaged on LinkedIn, and connecting with the right people, you won’t need to hire a costly career coach, and you’ll develop skills you can use throughout your career.

_____________________________________________________________________

 

Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers “unsweetened” job search advice. You can send Nick your questions to artoffindingwork@gmail.com.

 

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