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The Daily Monday, October 3, 2022

Press Release

Distributions of household economic accounts for wealth of Canadian households, second quarter 2022

The latest estimates from the distributions of household economic accounts reveal that net worth (wealth) decreased for a broad range of households in the second quarter, but especially for the most vulnerable, including the least wealthy (-12.0%) and households younger than 45 years (-8.2%).

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Distributions of household economic accounts for income, consumption and saving of Canadian households, second quarter 2022

The latest release of estimates from the Distributions of Household Economic Accounts reveals that in the second quarter, income inequality reached an all-time high since the beginning of the COVID-19 pandemic, with average disposable income declining for the households with the lowest income (-5.7%) and for the youngest age group (-2.6%).

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Non-profit institutions and volunteering: Economic contribution, second quarter 2022

Real gross domestic product (GDP) of non-profit institutions rose 1.0% in the second quarter, the fifth consecutive quarterly increase, led by non-profit institutions serving businesses. By comparison, the economy-wide real GDP increased 0.8% in the second quarter, driven by business investment in inventories, non-residential structures and machinery and equipment.

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Financial market statistics, August 2022

Data on financial markets are now available for August.

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Survey of Employers on Workers’ Skills, 2021

More than half (56.1%) of Canadian businesses in 2021 reported that their overall workforce was not fully proficient to perform their job at the required level, driven mainly by large businesses with 100 or more employees (93.0%) and businesses with 20 to 99 employees (90.0%). Nearly three-quarters (73.7%) of businesses with 5 to 19 employees reported skills gaps in their workforce. Conversely, one-third (33.1%) of micro businesses with one to four employees reported that their workforce was not fully proficient to do the job at the required level.

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