Canada Recovers 90,000 Jobs In August

Canada regains position with 90,000 jobs in August

Statistics Canada’s Labor Force Survey suggests Canada’s economy is on the path of moving upwards. The employment level of Canada spiked by 90,000 in August. The number of people employed in Canada almost caught up to pre-pandemic levels in August. These gains from August and the months prior brought Canada’s employment up to just 156,000 employees short of February 2020 levels, which is the closest it has come to pre-pandemic levels.

The reflection of labor market conditions during the week of August 15 to 21 is established by Statistics Canada’s data. By this time, most regions in Canada had rolled back public health measures to near-final stages. Along with it, the border had opened up to fully vaccinated tourists from the U.S. For the first time since March 2020, the tourism industry could expand to individuals from the States.

Employment increases were mainly in services-producing industries, mostly in accommodation and food services. The information, culture, and recreation industry also saw significant gains. The number of people working in construction increased for the first time since this past March. Employment was up in Ontario, Alberta, Saskatchewan, and Nova Scotia. All other provinces had little or no change.

Unemployment was at its lowest rate since the onset of the pandemic at 7.1 percent, though the rate for visible minorities was little changed for the second month in a row. Long-term unemployment dropped almost 7 percent in August but remained 120 percent above pre-pandemic levels. To learn more about the employment opportunities and vacancies available in various sectors and other immigration updates connect with us at Vashist Immigration, our licensed consultants will help you with your queries.

Recent immigrants witness up-trending employment rate

Immigrants who landed in Canada within the past five years continued to see an upward trend in employment to nearly 70 percent, more than six percentage points higher than August 2019. Part of the reason for this is due to the reduced number of new immigrants admitted in 2020. Those who have been in Canada for more than five years had an employment rate of nearly 59 percent, down one and a half percentage points year over year.

Visible minorities witness Employment

In August, the employment rate increased almost five percentage points among Filipino Canadians to about 78 percent. Employment for Black Canadians was down about four percentage points to nearly 72 percent. White Canadians were employed at a rate of almost 71 percent, little changed from the month before.