Canada’s up for economic revival; 246,000 new jobs created in August

Canada lost nearly 3 million jobs due to the lockdown measures that were implemented in March in response to the coronavirus pandemic. Despite that, the country is now moving on the path of economic recovery as more people are returning to their work in Canada and initiate economic activity. Recently Canada has eased down some public health restrictions which have paved the way for more employment for immigrants as well as Canadian citizens in the labor market. The Labor Force Survey has come up with the figures for the increase in employment levels in August. For Canadians, employment rose to 1.4 percent. It was 1.6% for new immigrants and 2.2% for recent immigrants. August is the fourth consecutive month for employment gains and job growth in Canada. Most of the employment opportunities in the job market increased for full-time work positions, especially in the services sector. Employment growth increased by 1.5% in the service sector while it remained stagnant in the goods-producing sector. In the service industry, the majority of the employment growth was in food services, educational services, accommodation and housing services, and beauty salons. The good producing sector could not register a large employment growth due to a decline in natural resources which have halted the manufacturing process. Furthermore, the labor force participation of men is higher than that of women. It indicates that many women are still unemployed and engaged in other activities such as child-care and households. So, the unemployment rate among women is higher. Thus, Canada still has to work on so many levels and it is yet to recover another 1.1 million jobs that have been disappeared since that start of the coronavirus pandemic. However, this new August report delivers some hope and suggests that Canada is actively seeking economic recovery as it has already gained 1.9 million jobs in recent months. These figures prove that Canadians are now ready to get back to their work. Individuals who are looking for work are encouraged to find work. Also, despite having the Canada Emergency Response Benefit, the hard-working Canadians want to return to their work and add to the economic growth.