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Canada employment growth slows in November

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There are thousands of job opportunities in Canada for skilled and unskilled foreigners who want to live and work in Canada. Every year Canada invites more than 200,000 immigrants under Express Entry Canada. However, Canada set a goal to invite 341,000 immigrants by the end of 2020.

Moreover, the number of jobs available for foreign workers isn’t the only reason many immigrants move to Canada. There are several fantastic benefits and reasons to move to Canada.

It is easy to find a job in Canada due to its immigrant program. Canada’s immigration programs allow immigrants with the facility to become Canadian citizens, unlike most countries.

Canada’s lifestyle is quite affordable. Canada is a heaven for people who move to Canada from developing countries. There are many opportunities for employment and individual growth in Canada. It is a place for people who are looking to have a better quality of life and work.

Canada Employment Growth Slows in November

There were improvements and growth in Canada’s labor market in November. However, this rate of recovery is still slow, and Canada needs to improve it.

Recently, a Labor Force Survey has been released by Statistics Canada. This survey considered Canada’s labor market conditions during the week of November 8 to 14. However, according to the findings of this survey, overall employment rose in November was 0.3%. It was 0.5% in October.

The main reason behind the less employment growth is the declines in information, recreation, culture, and food and accommodation services. However, growth in the public sector was leading by more employment in schools and hospitals.

However, unemployment in Canada is still falling from peak levels in May. In May, the unemployment rate in Canada was 13.7. However, this rate in November was 8.5%, and it is down 0.4% points from October levels.

In November, more than 372,000 Canadian got jobs. Moreover, there were 317,000 Canadians who went from employment to unemployment.

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Immigrant Performance in Labor Market of Canada

Generally, Canadians have higher employment rates in Canada, but some immigrants with employment rates are close to pre-COVID levels than Canadians. The employment rate was 58.1% in November for the immigrants who landed in Canada more than five years ago. However, it was just 1.2% points away from the February levels.

Moreover, employment rates for Canadian born workers were up to 59.7%, and it is 1.7% points down. According to Statistics Canada, these figures are not adjusted for seasonal employment rates.

However, the number of immigrants that come to Canada under Express Entry Canada and other streams every year has reduced. This number has decreased due to the travel restrictions imposed by Canada during the COVID-19 crisis. However, the new immigrants’ employment rate was 65.6%, having a little difference from February levels.

Variations Across Provinces

According to the survey, employment rose in British Columbia, Ontario, and all four Atlantic Provinces. However, the employment rate in B.C. is -1.5% lower than the February levels. Moreover, the employment rates in Nova Scotia, Newfoundland and Labrador, and New Brunswick have recovered to pre-pandemic levels in November. However, Prince Edward Island also gained about 1,000 jobs.

There was a great loss in Manitoba in November. Almost 18,000 jobs were lost in November, and it is the first employment loss of Manitoba since April. However, more losses were in part-time jobs. This decline happened due to the tighter public health measures in the province.

The number of people having a job or business in Quebec, Alberta, and Saskatchewan is steady. However, employment rates in Alberta have dropped -4.9% than the pre-COVID levels. The employment rate in Quebec saw little changes for the second month in a row. Thus, the unemployment rate in Quebec fell from 0.5% to 7.2%. 

Read More: Which Newfoundland and Labrador occupations are exempt from labor market testing?

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