Easing down of travel restrictions around the country has signalled the recovery of the Canadian economy. As Canadians and permanent residents returned back to work in the months of May and June, the labour market recorded over 1.24 million people gaining employment.
With a staggering rise of 40% in the labour market since the lockdown, the overall unemployment rate in Canada dropped from 13.7% in May to 12.3% in June.
Among the Canadian provinces that majorly benefitted from this recovery was Ontario whose employment increased by 378,000 followed by Quebec with 248,000 and then British Columbia employing 118,000.
Travel restrictions imposed in Canada to slow the spread of COVID-19 pandemic upended the economic and social life. A report published by Statistics Canada revealed that a total of 3 million people lost their jobs due to the lockdown and another 2.5 million were absent from work due to related reasons in the months of February and April.
But with labour force participation showing the signs of revival, there is optimism about the potential of finding a job in Canada. It should also instil confidence in aspiring immigrants and future permanent residents who are currently overseas.
The latest job statistics may encourage immigrants to expect a stronger job market once they have obtained permanent residence in Canada. Get in touch with CanApprove to know your eligibility and various other programs for immigration to Canada.