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Employee retention 'key' to keeping Hamilton's current record-low unemployment rate: expert

Hamilton agency executives tracking the local labor market are trying to maintain the current record low unemployment rate seen in recent months throughout the city. , Says that employee retention is key.

Hamilton's director of workforce planning, Khadija Hamidu, said keeping staff in the desired role over the next few months is the current 4.3% unemployment rate seen this summer. He said it would be an important factor in maintaining or improving. ..

"There are many shifts because it is an employee market ... there are many retentions that do not happen in these employment areas," Hamidou told Hamilton Today at 900 CHML.

Read more: Canada unemployed for two consecutive months in July, unemployment rate unchanged

"Here we see that the contradiction is causing it. It's back and forth — it's like" OK, maybe try something new within a few months. " increase.

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Ontario's unemployment rate in July was also low, remaining at 5.3%. Hamidou attributed this to the recovery from the COVID-19 Omicron variant that plagued the job market in early 2022.

Hamilton had 18,800 unemployed in July, a decrease of 1,400 from the previous month.

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The city has a total of 417,500 employees, with 3,200 new workers compared to the previous month. I am participating in the person. Market, last month.

Canada's Unemployment ratealso hit a record low of 4.9% as of July and continues to face labor shortages from June. It remains unchanged.

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Canada's labor market is very tight despite record lows in data dating back to 1976 There is a country.

"Our major economic challenge to the labor market is the shortage of workers," said Deputy Prime Minister and Finance Minister Chrystia Freeland when the numbers arrived on Friday.

Hamidou said the data empowers employees by making it available for a variety of jobs they may be looking for. According to Hamidou, they can use their skills to try something new.

“This is a great way to showcase different types of skills and move them through a career ladder,” says Hamidu.

Read more: The CRA states that there are $ 1.4 billion in non-monetized checks dating back to 1998

Sales and service-led employment is made up of the city, accounting for 24% of all occupations in the workforce, followed by business, finance and administration, 16%.

Trade and transportation, careers in the social sciences, and management conclude the top five prosperous professions in Hamilton.

SMEs accounted for most of Hamilton's employment opportunities in July.

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This summer, five categories of educated people are hired high and for some time Hamidou Said.

“We are guaranteed to find some kind of employment or some kind of apprenticeship program that will help these growing industries,” says Hamidou.

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