Increase in Canadian Employment Due To 10,000+ Jobs in November 2022 According To Labour Force Survey
Highlights of the employment trends witnessed in Canada for the month of November 2022, along with the stats on the gender-based employment recorded.
The latest Labour Force Survey report by Statistics Canada highlights how the slightest employment increase (0.4%), among the core working-age women (i.e., 25-54 years) has brought in great differences in the recruitment stats of the country.
The recent announcement of the Immigration Levels Plan 2023 - 2025 talks about the record-high immigration targets set for the next couple of years which has brought its reflection in the latest employment outcomes of Canadian immigrants. Also in the recent immigrants, it is witnessed that the core working-aged women that have been into immigration to Canada over the past 5 years have an increased employment rate of 69.7%. This percentage speaks of the drastic rise in employment numbers particularly in the month of November 2022, particularly for Canadian immigrants (women of core working age) for over the last 16 years.
Canada’s Employment Increase (Year On Year)
If we look into the year-on-year employment rates in Canada, the rate has been consistently increasing at 0.8% with respect to the core working class of the nation, and as of November 2022, the nation’s employment percentage is at a notable 84.7%.
The core working-age women employees have witnessed an increase to 81.6% in November 2022 surpassing their previous record high of 81.4% achieved in May 2022. While the employment rate among working men employees has sustained to stand at 87.8%.
Employment trends in Canada
If we take the general synopsis of Canadian employment for the month of November 2022 it is notable that employment across the country has witnessed a growth of 10,000+ jobs and the unemployment rate nationwide has dropped by 0.1 points i.e., 5.1% (in percentage). Another important stat recorded is that Canada’s Employment Participation Rate has also witnessed a fall and stands at 64.8% for November month.
Though the employment growth change percentage is insignificant, however, the nation has been able to sustain its sixth consecutive month with respect to the average hourly wage for employees, ensuring to be above 5% (amounting about $32.11). This could also be an indication that the new immigrants to the country will have ample opportunities along with the scope for increased earning potential over time.
Province-wise employment trends
Immigrants aiming for Canada need to consider certain factors for their informed decisions. The latest Labour Force Survey report states the different employment outcomes witnessed in the Canadian provinces.
For instance, in the Quebec province employment has greatly increased while a few of the other provinces have witnessed a decline and in the remaining provinces, there has not been any major employment changes witnessed.
Major changes in employment trends recorded for the provinces of Canada in brief:
- Quebec’s overall employment increased - 28,000 jobs and November 2022 recorded the lowest unemployment rate in the province which is 3.8%. Montreal City had the highest employment gains concentration in the province and witnessed an increase of 1.1%.
- Newfoundland and Labrador Province’s employment rate declined by 1.5% even though the unemployment rate remained the same at 10.7%
- Alberta province experienced an unemployment rate rise of 5.8% while the employment rate witnessed a decrease of 0.6% respectively.
- Prince Edward Island’s overall employment rate decreased by 1.7% which resulted in the jump of the unemployment rate to 6.8%.
- Though Manitoba province’s employment rate witnessed a decline of 0.8% the province’s unemployment rate ensured to be steady at 4.4% respectively.
- British Columbia province witnessed a decline in the employment rate by 0.5% in November. But the point to be noted here is, all the employment losses were in the part-time employee employment sector.
Industry Employment Trends
Finance, Real Estate, Rental and Leasing, Insurance, Manufacturing, Culture, ICR, and Information industries witness an increase in employment across all the Canadian provinces. 21,000 plus new employees were recruited into the finance, real estate, insurance, rental and leasing industries and 11.2% of the newly employed were purely in the Real Retail Trade industry
- Manufacturing industry’s national wide increase in employment was estimated to be 1.1% for the manufacturing industry while the major notable provinces were Alberta where the increase was a notable 4.7% and the second was Quebec with an increase of over 10,000 manufacturing jobs.
- The employment rate in the ICR industry increased by 1.9% in November and by 4.5% cumulatively as calculated over the last year.
Industries which witnessed a decline in employment
- Construction industry witnessed a decline of 1.6% as compared to the October 2022 Labour Force Survey, most evidently in the province of Alberta and British Columbia
- Wholesale and retail trade also witnessed a drip of 0.8% and cumulatively dropped by 4.4% since May 2022. The majorly prevalent decline of the industry was witnessed in the provinces of Ontario and Alberta.
- Professional, Scientific, and Technical Service industries of Canada have also had a decline of 0.8% across the nation in November 2022, and the Information and Communications Technology sector has witnessed a decline of 3.8% year on year that is 34,000 fewer people employed throughout the industry in comparison to the November 2021 employment stats.
Future Scope for Canada Immigration
Having looked at employment results, this shows emphasis of the Canadian government’s efforts in addressing the specific labor market gaps in the nation as a whole and specifically through the requirements of provinces. This can as well be an explanation for why Provincial Nominee Programs (PNP) have been becoming more prominent compared to the Express Entry System.
Now that Canada is witnessing industry specific employment shifts, the scope is that the required changes might also be implemented into the Express Entry draws which has been a prominent method of the federal government to bring skilled workers into the country through Permanent Residency (PR) starting next year.
The switch from NOC 2016 system to the NOC 2021 system is also an indication that probably the Q1 of 2023 might witness Express Entry draws specifically targeted at expats or experienced in specific occupations or language skills or educational backgrounds. This new system will also be a huge aid for the Canadian government to understand the country’s employment markets, improve their occupational forecasting, and increase their efficiency in workers’ supply and demand analysis. Therefore providing the best to the citizens and immigrants while ensuring focus on job training and skill development as well.
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