Statistics Canada released its latest Labour Force Survey for November 2022 and noted some encouraging trends that could facilitate more opportunities for immigration.
While November 2022 saw employment in Canada grow by 10,000 jobs, the most interesting trends include
- Rise in the total employment rate among core working-aged Canadians rose 0.8% year-over-year (YOY) to 84.7% in November 2022
- The highest employment rate in history among recent immigrants who are grouped under core working-aged women (25-54 years) at 69.7% in November 2022.
- The employment rate for core working-aged men is now up to 87.8%.
Canada saw employment gains across industries: finance, insurance, real estate, rental and leasing, manufacturing, information, culture, and recreation (ICR) in November 2022. Further, the national unemployment rate in Canada has dropped to the current 5.1% in November 2022.
Additionally, the “average hourly wages of employees remained above 5% for a sixth consecutive month in November, up to $32.11” from November of 2021.
Immigration-led Employment Gains
2021 census data confired 23% of Canada’s population is an immigrant. These immigrants are people who are or have ever been landed immigrants or permanent residents in Canada.
The survey also found immigrants who arrived in Canada over the past five years had an employment rate of 70.7%. We know for a fact that a quarter of registered nurses and 36% of physicians in Canada are not Canadian-born.
Further, the latest labor force survey shows employment increased in Quebec but declined in provinces like Prince Edward Island, Newfoundland, Labrador, Manitoba, and British Columbia.
In any case, the recent trends are expected eventually open up more new opportunities for immigrants.
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