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.