Labour Force Participation Trend in Canada Cause for Concern
Express Employment Professionals Releases 10-year Federal/Provincial Analysis of Rates Highest LFPR: Alberta Lowest LFPR: Newfoundland
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 02/25/15 -- Express Employment Professionals today released a 10-year analysis of provincial labor force participation rates (LFPR) across Canada revealing which provinces have the highest and lowest percentage of people in the workforce. Overall a national trend is clear, there's a slight but steady decline in labour force participation over the last decade.
The Canadian national labor force participation rate in January 2015 was 65.7 percent. Ten years ago, the participation rate was 67.3 per cent - indicating a drop of 1.6 percentage points. The monthly province-by-province LFPR data comes from the Statistics Canada Labour Force Survey.
In January 2015, Alberta had the highest LFPR, 72.9 pe rcent, 7.2 points above the national average. Newfoundland had the lowest; at 60.6 per cent, which is 5.1 percentage points below the national average.
"As someone who creates jobs for a living, I know a growing workforce is always better than a shrinking workforce," said Bob Funk, CEO of Express. "Declining rates mean more people continue to give up looking for employment, which is cause for concern. That is not good for long-term growth, and left unchecked will add to labour shortages across the country."
To view the Labour Force Participation Rate, please visit the following link: .
In the United States, the most recent data from the U.S. Bureau of Labor Statistics shows the national labour force participation rates near all time lows. In December 2014, the U.S. national LFPR was 62.7 percent.
If you would like to arrange for an interview with Bob Funk, please contact Kellie Major at (613) 222-7488.
About Robert A. Funk
Robert A. "Bob" Funk is chairman and chief executive officer of Express Employment Professionals. Headquartered in Oklahoma City, the international staffing company has 725 franchises in Canada, the U.S. and South Africa. Under his leadership, Express has put more than five million people to work worldwide. Funk served as the Chairman of the Federal Reserve Bank of Kansas City and was also the Chairman of the Conference of Chairmen of the Federal Reserve.
About Express Employment Professionals and Express in Canada
Express Employment Professionals puts people to work. It generated $2.85 billion in sales and employed more than 456,000 people in 2014. Express ranks as the largest franchised staffing company in the United States and the second largest privately held staffing company in North America. Its long-term goal is to put a million people to work annually. Express launched in Canada in July 1996, with a franchise in London, Ontario, and since then, has expanded and grown across Canada significantly. There are currently 34 Express franchises in Canada - five in British Columbia, six in Alberta, two in Saskatchewan, 22 in Ontario and one in Nova Scotia.
Contacts:
Media Contacts:
Kellie Major
613.222.7488
Sherry Kast
405.717.5966
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Datum: 25.02.2015 - 15:00 Uhr
Sprache: Deutsch
News-ID 374187
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TORONTO, ONTARIO
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