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Job quality index gets worse, bank report finds

Fewer Canadians are losing their jobs as the recession eases its grip,but the quality of the jobs they do have is deteriorating, according toa report issued yesterday by Canadian Imperial Bank of Commerce.

Fewer Canadians are losing their jobs as the recession eases its grip, but the quality of the jobs they do have is deteriorating, according to a report issued yesterday by Canadian Imperial Bank of Commerce.

CIBC says its job quality index — which measures things like wages and part-time versus full-time work — has fallen 3.8 per cent in the last six months.

The decline in the job quality index, ironically, comes in a period when Statistics Canada says the national employment situation showed a slight improvement in recent months.

Part-time employment rose more than 0.2 per cent, while full-time employment fell and self employment surged by three per cent, versus a 0.5 per cent decline in paid employment. Most of the deterioration has been in Western Canada, with British Columbia leading the decline, the bank said.

 
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