Thread by @globeandmail

In theory, now is an ideal time to switch jobs.

At last count, Canadian employers were recruiting for about 875,000 positions – a lofty number by historical standards.

But in reality, few people are actually quitting their jobs.

tgam.ca/3BLuYUc

The job-switching rate – the proportion of workers who remained employed from one month to the next but who changed jobs – was 0.8% in January, according to Statistics Canada’s latest Labour Force Survey.

tgam.ca/3BLuYUc

Furthermore, most people are planning to stay put a while longer.

Statscan found just 7.3% of workers aged 15 to 69 were planning to leave their current jobs within the next year – compared with 16.1% in 2016.

tgam.ca/3BLuYUc

The results suggest the “Great Resignation” isn’t much of a trend in Canada, despite anecdotes of massive turnover in workplaces.

theglobeandmail.com/business/artic…

So, what's the explanation for the lack of job switching in Canada? Experts say the uncertainty of the COVID-19 pandemic and, ultimately, wages.

@mattlundy33 reports:
tgam.ca/3BLuYUc