Employment Growth Increased In Canada In September

Canada’s economy is following the path of recovery now. As per the Canadian labor force, more immigrants are getting jobs in Canada, and the unemployment levels can be compared with the U.S. A large number of people have regained their jobs in Canada in September as the employment levels increased to 2.1 percent. The rise in levels have accelerated rapidly in September as compared to those in August; there was only a 1.4 percent jump in the labor force by the end of August. Due to the 2.1 percent increase in the employment rate in September, Canada’s employment level has come within 3.7 percent of the pre-covid level. Also, the largest employment gains have been recorded by Ontario and Quebec. Employment growth was higher in young men and women aged between 15 to 24 years. This latest data is presented by the Statistics Canada Labor Force Survey. And the data released in this report was collected from the Canadian labor market during the mid-September (13th to 19th September). Through the labor force survey, a person can get an idea of the labor market. Canada has added about 378,000 jobs last month. However, certain sectors such as food services, accommodation, and retail trade are yet to have a full recovery. Some common sectors where immigrants are employed include public administration, finance, health care, social assistance, real estate, insurance, leasing, and rental. The report by Statistics Canada mentions that immigrants who have been staying in Canada for more than five years have higher chances to be employed than the recent immigrants. The report also suggested earlier that recent immigrants had more chances of losing their jobs in March and April. Being recent immigrants, they were new employees. Therefore, they were more prone to layoffs.

Canada and the U.S. reached comparable unemployment rates

In September, the unemployment rate in both Canada and the U.S. was 7.9 percent. As compared to the pre-covid levels, Canada’s unemployment rate was 3.3 percent higher, while for the U.S., it was 4.4 percent higher. Talking about employment rates, more people got jobs in Canada than in the U.S. in September. The employment rate is important to understand and monitor the labor market as it helps to know how many people are employed as a percentage of the working-age population.