Each week, CERIC is on the lookout for the latest reports related to career development. Here are five reports that we found interesting this week:
Sharp Deep Unprecedented: Provincial Outlook Spring 2020 – Preliminary Forecast (Conference Board of Canada)
In the second quarter of this year, the decline in GDP is forecast to hit a staggering 25% in annualized terms. This Preliminary Provincial Outlook updates the Conference Board’s outlook for the Canadian economy and provides its new, preliminary estimates for growth in each of the provinces in this challenging year.
This report from the Canadian Career Development Foundation consolidates responses from the sector about how it is being affected by the pandemic as well as recommendations to mitigate risks and capitalize on opportunities.
This list of career services competencies includes competencies commonly used in providing career planning and development services. It is based on the work of many other professionals in countries throughout the Asia Pacific region and the world.
Ontario’s Job Market Results for March 2020 and the COVID-19 Pandemic (Financial Accountability Office of Ontario)
Ontario employment dropped by 403,000 jobs in March, more than four times larger than the previous record monthly job loss in January 2009, during the global financial crisis. As a result, Ontario’s unemployment rate jumped to 7.6% in March, up from 5.5% in February, marking the largest monthly increase in the jobless rate on record.
Research from Moody’s anticipates that the virus outbreak will negatively affect finances at rated universities in the US, Canada, UK, Australia, Singapore and Mexico this year. It expects that lower than expected enrolments will reduce tuition fee income and pressure put pressure on institutions’ budgets.
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