Employment Rates Increase In Canada
In today’s blog, we will take a look at the employment growth in Canada.
According to Statistics Canada, after a drop in September, employment rates in Ontario saw an increase of 43,000 jobs in October which is an increase of 0.6 percent. This growth mainly took in part-time work. However, the unemployment rate did not change much in the province and is at 5.9 percent.
Rise in employment was led by accommodation, food services and scientific, professional, and technical services. According to the census, in October, the metropolitan city of Toronto saw job increments by 31,000, or 0.9 percent, with the unemployment rate remaining at 6.3 percent.
Quebec, which is a francophone province added 28,000 jobs which is an increase of 0.6 percent in October. This accounts for the second increase within the period of three months.
As per the report, the unemployment rate of the province saw a decline of 0.3 percentage points to 4.1 percent. Also, growth in full-time work caused a decline in part-time jobs.
In Quebec, the biggest employment gains were seen in the sectors of finance, construction, insurance, rental, leasing and real estate. Per Statistics Canada, Quebec had the highest rate of job vacancies in the country and its largest city, Montreal, with an unemployment rate of just 4.2 percent.
Following the post-tropical storm Fiona and the enormous responsibility of rebuilding roads, homes, and other infrastructure, job vacancies rose by 4,300 jobs accounting for a 5.3 percent increase, on Prince Edward Island. The unemployment rate of Quebec rate saw a decline of 2.9 percentage points making 5.4 percent in total.
Newfoundland and Labrador also saw an addition of 3,300 jobs. The employment rate in Saskatchewan rose by 6,100 jobs while the province of Manitoba experienced an increase of 4,600 jobs.
Canadian employers have been focusing on easing job restrictions and offering high wages in their effort to attract workers due to acute labor shortages and rising inflation across the country.
Annual growth in the median hourly wages of employees stayed above five percent for the fifth month in a row in October, increasing by 5.6 percent, and up from $1.68 to $31.94, compared to October of 2021.
Canadian employers looking to attract employees through economic immigration can hire them through the International Mobility Program (IMP) and Temporary Foreign Worker Program (TFWP).
The Global Talent Stream (GTS), which is a part of the Temporary Foreign Worker Program (TFWP), can provide Canadian work permits and process visa applications within two weeks under normal processing situations.
Employers can also bring in foreigners to fill job vacancies through the Express Entry system. The application for Express Entry Program can be submitted online.
It supports the Canada Experience Class Program (CEC), Federal Skilled Worker Program (FSW) and the Federal Skilled Trades Program (FST), which all pull in candidates from the Express Entry pool. Then, candidates with the required Comprehensive Ranking System (CRS) scores are provided Invitations to Apply (ITAs) in regularly held draws.
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