Wednesday, September 30, 2009

Employment Insurance Recipients on the Decline?

CTV News reported Monday that the number of Canadian Employment Insurance recipients has dropped for the first time in a year.

The rate of unemployment has been on the decline since July, according to Statistics Canada, which reported that the number of workers on EI benefits decreased by 3.8 percent from June.

The news, however, is not all positive:
Despite the decline in July, there were still 287,400 more Canadians, or 57.4 per cent, receiving EI benefits that month than last October
Erin Weir, Labour Economist for the United Steelworkers Union further cautions that the decline in Canadians receiving benefits is “…likely an indication that workers have exhausted their entitlements rather than that they have found new jobs.”

- Rachel Spence, Legal Assistant, Toronto

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