(TORONTO, ON) – Finding a job is a challenging task with many Canadians in fierce competition against each other for few positions. The latest numbers from Statistics Canada paint a bleak picture for those looking for work.
Across the country, there are 6.8 unemployed people for every job vacancy. On a provincial basis, there are some startling numbers reported:
- Prince Edward Island has 21.6 unemployed people for every job vacancy
- There are 10.1 unemployed Quebecers for every job vacancy
- Ontario has a ratio of 8.8 to 1
On the positive side, British Columbia, Saskatchewan, Manitoba and Alberta are all under the national average although Saskatchewan and Alberta have seen their ratios increase year-over-year.
Jeff Schwartz, executive director Consolidated Credit Counseling Services of Canada, Inc., is concerned that long-term unemployment can have drastic financial consequences –
“Once savings are exhausted, unemployed Canadians may turn to credit and loans to get by. Even after they return to the workforce, this debt burden will be hard to escape,” says Schwartz. “It’s important to live within your means even if that means adjusting your lifestyle.”
Consolidated Credit offers the following tips to those struggling to find employment:
- Don’t give up – Competition is fierce for the few jobs available but the odds are not insurmountable. Make finding a job your full time job by sending out resumes, searching out positions, and networking with friends. In times like these, a job isn’t going to find you – you have to find it.
- Cut back where possible – Adjusting your lifestyle to fit your decreased income is necessary to avoid falling in debt. Taking on a roommate, cutting down on eating out, and keeping your car in the garage are all ways that you can save money to help you through these tough times.
- Invest in yourself – When battling with large numbers of fellow applicants, you need to do what you can to stand out. Acquiring different certifications or licenses in active industries will differentiate your resume from others. It also shows that you are willing to take on new challenges and learn new things.
- No job is too small – Not every job has to be your dream job. Taking odd jobs will not only allow you to bring in some much needed money, but it may also lead to other job opportunities. Work hard and good things will happen.
“Unemployed Canadians are struggling right now. I urge them to keep their heads up and stay positive. Don’t give up and keep looking for opportunities. Sometimes, opportunity knocks when you least expect it.” – says Schwartz
About Consolidated Credit Counseling Services of Canada, Inc.:
Consolidated Credit Counseling Services of Canada is a national non-profit credit counselling organization that teaches consumers about personal finance.
For more information or to request an interview with Jeffrey Schwartz, please contact:
Eric Spence, Public Relations Coordinator, Consolidated Credit Counseling Services of Canada, Inc., T: 416-915-7283 ext.1041, C: 416-731-5588, F: 416-915-5200, E: [email protected]consolidatedcredit.ca