New immigrants in Canada are now more likely to be employed than their peers who were born in the country. This is a recent phenomenon that emerges from the convergence of two major trends, as pointed out in the economic report from Desjardins
- A noted increase in the employment rate of new immigrants since 2015
- The gradual decline in the employment rate of people born in Canada.
New immigrants are disproportionate of core working age (25-54 years) and are often selected for human capital factors that make them ideal participants in Canada’s labor force.
On the other end, Canada is fighting the dual battle of aging demography and low birth rate among the local population. In this light, the wider effects that immigration will have on the economy are pertinent.
Over the next three years, Canada will aim to welcome roughly 1.45 million immigrants; with more than 60% projected to be through economic class programs.
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Immigration-Led Growth in the Canadian Workforce
StatsCan ranks Canada first among the G7 countries for the highest share (57.5%) of working-age people (aged 25 to 64) with a college or university credential.
In the last five years (2016 to 2021), the working-age population in Canada saw an increase of nearly one-fifth (+19.1%) and all with a bachelor’s degree or higher.
In fact, recent immigrants made up nearly half of the growth in the share of Canadians with a bachelor’s degree or higher. During the same time, Canada has been successful in attracting newcomers in the fields of healthcare and computer and information science.
Also, read>> Three Canadian Universities Placed In Top 100 World’s Best Universities
Immigration-Led Population Growth in Canada
International migration accounted for adding 118,114 people to Canada’s population in Q2 2022, mainly contributed by work and study permit holders.
StatsCan in another report noted 94.5% of the Q2 growth in 2022 in Canada’s population came from the rise in immigration. Even in Q3 of 2019, the pre-pandemic era, Canada witnessed a record number of immigration-led population growth by adding 175,907 new members.
Canada is now targeting over 460,000 new permanent residents per year, about 60% of which will be coming from economic class programs like Express Entry, and the Provincial Nominee Program.
Also, read Recent Canadian Immigration Trends That You Should Know.
Plan your Canadian Immigration Visit CanApprove
Canada is interested in foreign skilled workers to fulfill the increased job vacancies across the province and invite more international students to study and gain Canadian experience and eventually qualify for permanent residency.
You need a trusted consultant like CanApprove to determine your eligibility and suggest some suitable immigration options.
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