The October Labor Force Data has been made published by Statistics Canada. As of September, the employment rate remained the same at 5.2% since September, according to the Bureau of Labor Statistics. But during the current period, immigrants are highly employed in Canada in the manufacturing, food services, lodging, and construction sectors.
However, employment has declined in the wholesale and retail trade sectors, as well as natural resources. Since March 2022, adding jobs to the private sector is the first time. This is the highest rate of employment.
The employment rate is high in Canada
Canada’s population is made up of 23% immigrants, based on the census data for 2021. People who are landed immigrants or permanent residents are highly employed in Canada, according to the census.
Attempts by immigrants to find work and bridge some of Canada’s labor market gaps have been successful, according to the poll. Over 15-year-old immigrants are estimated to be employed in 70% of cases. Further, immigrants entering Canada between October of last year and October of last year had a 70.7% employment rate, up from the previous October.
The majority of new jobs are full-time
A decrease in part-time employment was offset by gains in full-time employment in October (part-time employment decreased, but full-time employment gains offset total losses). Compared to October 2021, 11.99,000 full-time positions were filled.
Over the last 12 months, the proportion of men finding full-time jobs has increased from 1.9% to 3.9%. With women finding full-time jobs at a rate of 1.9%. Part-time work has remained stable over the past year, but men have found more full-time jobs than women.
There has been an increase of 5.7% in part-time work among women since last October.
As the core working age group, the 25-54 age group accounted for the majority of job growth for both sexes. The number of full-time jobs for men of prime working age increased by 0.7% and 0.4% during September and October of this year.
With a 1.7% drop from September and a 10.5% overall unemployment rate.
Wage raises for the top 25%
Across all industries, wages have grown an average of 5.6% since October 2021. It was found that six out of ten employees with a year’s experience at their workplace were rewarded with raises.
It was found that only 50 percent of workers who earn less than $20 an hour received a raise. Compared to 64.3% of workers who earn more than $40.
According to the Census Bureau, agriculture workers earned the lowest percentage of raises (47.2%), followed by workers in lodging and food services (497.7%). Compared to other industries, these two industries often pay lower hourly salaries. Furthermore, 53.6% of health and social service workers received raises. The typical wage growth for this industry has been 0.9% each year.
Six provinces have seen an increase in employment
As far as employment growth is concerned, Manitoba, Newfoundland, Newfoundland and Labrador, Ontario, Manitoba, Quebec, and Prince Edward Island saw the most growth.
Ontario experienced the biggest employment growth with 43,000 part-time positions filled. Technological, professional, and scientific as well as dining and lodging showed the most growth. 5.9% is the same level as September’s unemployment rate.
A total of 28,000 jobs were filled in Quebec as well. In terms of total gains, the majority were seen in the construction, finance, insurance, real estate, rental, and leasing sectors. 4.1% of the province’s workforce is unemployed.
A notable increase in employment was seen in Prince Edward Island following Hurricane Fiona, which severely damaged the province.
Positions in hybrids remain popular
A hybrid job is one in which an individual works from home and in an office during the same week. January to October saw an increase in hybrid arrangements.
Financial, insurance, real estate, rental, and leasing occupations account for 21.7% of hybrid occupations. Furthermore, almost 16% of positions in public administration are hybrid. 17.9% of positions in technical, professional, and scientific services.
