Tuesday, 11 January 2022

Canada added 55,000 new jobs in December – Aptech Visa

According to the Labour Force Survey conducted by Statistics Canada, a larger proportion of core-aged entrants were working than before the outbreak.

Employment in Canada climbed by 55,000 in December, while unemployment remained constant.

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Statistics from December 5 to 11, the Labour Force Survey of Canada analysed economic conditions in Canada. The reference week fell exactly when the Omicron variety became popularity in Canada, leading in an uptick in cases. The public health indicators were comparable to November during the reference week. The Coronavirus forced the closures shortly after.

Just before public health measures were intensified in December, more people were working full-time. The majority of the new jobs were created in the province of Ontario. Advances were made across the country as a result of the construction and education industries.

In comparison to November, when unemployment was at 6%, unemployment has dropped to 5.9%. In February 2020, Canada's unemployment rate was 5.6 percent, prior to the pandemic.

Newcomer employment is higher than it was before to the pandemic.

Due to foreign travel restrictions earlier in the pandemic, the number of very recent immigrants (those who arrived within the past five years) has just risen to pre-pandemic levels. A total of 5,000 more very recent immigrants of working age were recorded in December than two years earlier, a growth of 0.6 per cent.

The fraction of core-age very recent immigrants climbed by 7.8 percentage points to 78.7% in the two years ending in December 2021, the largest employment increase occurred in professional, scientific, and technology services (up 26,000 jobs, or 31.3 per cent), as well as wholesale and retail commerce (up 20,000 jobs, 28.7 per cent ).

According to Statistics Canada, the large growth in both industries demonstrates the relevance of both higher-skilled and lower-skilled professions in the integration of immigrants into the labour market. Professional, scientific, and technical services are "high-skilled" jobs, whereas retail trade jobs like cashiers are "low skilled," according to the National Occupational Classification (NOC). High-skilled employees are prioritised under Canada's main immigration route, Express Entry.

Within the core-aged group, the employment rate for immigrants who came more than five years ago was above 83 per cent in December. During the same time span, 86 per cent of core-aged Canadian-born employees were employed. In the previous two years, these figures haven't altered significantly.

Year each year, the employment rate of visible minorities grows.

The employment rate for visible minorities was over 71 per cent in December 2021, up four percentage points from 2020. Employment among white Canadians climbed by two percentage points to over 71 per cent, while both groups had equal employment rates, visible minority groups had faster job growth. Employment rates increased for several of Canada's most visible minority groups, including Southeast Asians, Blacks, and Filipinos. The rate of Chinese Canadians did not change significantly from year to year.

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