Number of Employment Insurance claimants falls in Canada

Many governments across the continents provide some form of financial security to citizens whom the job market is failing. These benefits help to keep residents economically active, and ensure that fewer people experience poverty, thus providing a better society for all.

Eligible workers who are out of work through "no fault of their own" in the US can take advantage of the Unemployment Insurance program, while those struggling to obtain a position on the payroll in the UK can sign up for Jobseeker's Allowance.

Canadians who have been made redundant and are experiencing difficulties finding a job can receive up to $501 per week through the Employment Insurance (EI) scheme.

The proportion of the economically active population out of work has been on a positive incline since 2009. Statistics Canada figures show that seven per cent of this group was unemployed in January.

The trend has put more strain on the benefits system, with a larger number of people applying for financial aid as they struggle to find labor roles to accommodate them. However, the most recent data indicates some improvements.

In December, 517,000 people claimed EI, meaning that uptake had dropped by 1.6 per cent on a monthly basis. Beneficiary numbers fell across all provinces in the country, showing an encouraging movement nationwide.

Claims made in Prince Edward Island dropped most significantly, as 4.6 per cent fewer people were receiving regular payments through the initiative. This is considerable, especially since rates have remained stable over recent months.

Government figures show that employment increased by 1,300 in this region during the month, and this will have had a significant impact on the EI beneficiary population. However, the proportion of people out of a job stubbornly remains above average at 11 per cent.

Ontario and British Columbia saw the smallest improvements to claimant numbers, although a drop of 0.8 per cent is still a step in the right direction. Continuing developments will likely correlate to a thriving employment market.

Posted by Fiona Summers

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Source: http://www.randstad.com/the-world-of-work/number-of-employment-insurance-claimants-falls-in-canada

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