According to the most recent Labor Force Survey, Canada’s employment grows by 10000. Statistics Canada reported a 0.4% increase in employment for women from 25 to 54 years old (core working age).
Considering Canada’s most recent Immigration Levels Plan (2023-2025), it is of particular interest to study recent job results among Canadian immigrants (2023-2025). It predicted record-high immigration levels in the near future. It is estimated that 69.7% of core working-age female immigrants to Canada worked in November 2022 over the previous five years. A record number of newly arrived Canadian women of prime working age found employment in November, the highest rate for the previous 16 years.
Canada’s core working-age workforce was 84.7% employed in November 2022, an increase of 0.8% from the previous year. Women of core age accounted for the majority of this increase. 81.6% of workers in this category are employed, breaking the previous record high of 81.4% reached in May 2022. Males in the core working age group have an employment rate of 87.8%.
Canada’s employment trends
Canada’s employment grows by 10000 in November 2022 data revealed by the Labor Force Survey. The Canadian unemployment rate decreased from 5.1% to 5.1% by 0.1 percentage points. Similarly, Canada’s employment participation rate declined to 64.8% in November.
While employment increased only modestly by about 1% in November, the average hourly wage remained above 5% for the sixth time in a row. The result would be an increase in employment opportunities as well as a rise in earning potential for immigrants in Canada in the future.
Provincial employment trends
It is important for newcomers to consider a variety of factors when choosing where to live after arriving in Canada, including the possibility of finding the best job opportunities. Canada’s 13 provinces and territories experienced various employment outcomes based on the results of the most recent labor survey.
The balance of employment in the remaining five provinces and territories was relatively unchanged, While Quebec had a rise. But five other provinces had a decline. below you will find the result.
Quebec: Overall employment is up 28,000 jobs in November 2022, despite the provincial unemployment rate reaching a new record low. Montréal reported a 1.1% growth in employment, with a concentrated increase in jobs.
Prince Edward Island: A 1.7% decline in employment pushed the unemployment rate up to 6.8%.
Newfoundland and Labrador: While overall employment fell by 1.5%, the unemployment rate stayed at 10.7%.
Manitoba: While employment declined by 0.8%, the provincial unemployment rate remained unchanged at 4.4%.
Alberta: As employment fell 0.6%, the province’s unemployment rate climbed to 5.8%.
British Columbia: Overall employment in the province fell by 0.5% in November. There was a total loss of employment in the part-time sector.
Ontario: A 0.4 percentage point decrease in the unemployment rate across the province resulted in a 5.5% rate.
Industry-specific employment trends
There was an increase in employment across all sectors of Canada, including finance, insurance, real estate, renting and leasing, manufacturing, information, culture, and recreation.
Despite a decline of 21,000 jobs in banking, insurance, real estate, renting, and leasing in November. Retail commerce still accounted for 11.2% of all Canadian jobs.
A total of 1,1% of manufacturing jobs were added across Canada in November 2022. In Alberta, industry employment increased by 4.7% during this period. A major growth in employment in this sector was also seen in Quebec where over 10,000 manufacturing jobs were created.
Employment in the ICR sector increased by 1.9% in November and by 4.5% over the previous year.
While employment in the retail, wholesale, and construction sectors decreased in Canada overall, the wholesale sector grew.
Construction employment has declined by 1.6% in Canada since the October 2022 Labour Force Survey. Alberta and British Columbia experienced the greatest reductions. A total of 4.4% of employment has been lost in this sector since May 2022, including 0.8% in November. Ontario and Alberta were the most heavily affected by this industry’s downturn.
During November 2022, employment in the professional, scientific, and technical services sectors fell by 0.8%. While employment in the computer and communications technology sector decreased by 3.8% year-over-year, with 34,000 fewer workers employed there than in November 2021.
Taking a look forward
In light of the employment results shown above, it is easy to understand why British Columbia (BC) is becoming more important as an immigration destination for Canadians nationwide as a result of Provincial Nominee Programs (PNPs). Canada is expected to target more foreign nationals through its PNPs than its Express Entry program in the future. So the government is doing its best to address specific labor market deficiencies in all Canadian regions that have them.
Adapting Express Entry to industry-specific employment fluctuations will be one of the government’s primary methods for bringing foreign skilled workers to Canada through permanent residence by next year.
A lottery targeting foreign nationals with specific educational backgrounds and language proficiency will begin in Q1 2023 through Express Entry. A new NOC 2021 system has recently replaced the NOC 2016 system in Canada. It is the combination of education, responsibilities, training, and experience. In addition to better understanding the labor market, this system will enable Canada to anticipate occupations, analyze the supply and demand of labor, and train Canadians and foreigners for specialized jobs.
By making these adjustments, Canadian employers will be able to attract more employable immigrants with specialized skills to our country, especially in sectors with the greatest labor shortages.
