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Immigration News

POTENTIAL SIGNALS FROM CANADA'S JOB MARKET

22/08/2022
The latest survey by the Canadian Labor Force Survey (LFS) showed that the Canadian job market and unemployment rate had significant changes in December 2021.

1. Canadian job market has positive signal

According to the survey, in December 2021, more than 55,000 jobs were created for the mainstream workforce (ages 25 to 54) in Canada. Besides, the unemployment rate decreased slightly to 5.9% from 6% last month.

The number of people unemployed for 27 weeks or more fell for the second consecutive month (25,000 employed, down 8.0%). Average hourly wages increased by 2.7% compared to December last year.

POTENTIAL SIGNALS FROM CANADA'S JOB MARKET

Unemployment is falling in Canada.

The top 4 provinces in the list of job growth in 2021 in Canada are Ontario (+413,000 jobs, up 5.7%), Quebec (+158,000 jobs, up 3.8%), Alberta (+130,000 jobs) employment, up 6.0%) and British Columbia (+101,000 jobs, up 3.9%).

The Canadian job market also recorded positive signals from the immigrant workforce. Specifically, in December, the total number of immigrants of primary working age was 0.6% higher than two years ago, at the time of the pandemic outbreak. The employment rate of migrant workers increased by 7.8%, reaching 78.7%.

2 sectors with impressive job growth are Services, science and technology (+ 26,000 jobs, up 31.3%) and Trade and retail (+20,000 jobs, up 28.7%).

For immigrants who arrived in Canada five years ago, the employment rate in the core workforce hit the threshold of 83% in December. Meanwhile, Canadian-born key workers have a higher percentage. employment is about 86%, not much changed compared to the time when there was no epidemic.

2. Another bright spot in Canada's labor "picture"

Employment rates for minorities are increasing. Compared to 2020, the employment rate in minority immigrant groups (of Southeast Asian and African origin) increased by 4%, reaching 70.9%. Meanwhile, the employment rate for non-minority immigrants increased by 2% to 71%.

According to Canada's National Occupational Classification (NOC), the service, science and technology sectors tend to require highly skilled workers. In contrast, the commercial and retail jobs of the Canadian job market require only low-skilled workers.

Another bright spot in Canada's labor "picture"

The service sector, science and technology tend to require highly skilled labor

Canada has always opened its doors to skilled workers through its Express Entry policy. At the same time, some provincial nomination programs for low-skilled workers are still willing to accept immigrants to Canada as skilled workers.

3. Immigrant Expectations

While the pandemic will continue to pose challenges for IRCC, Canada's immigration policy goals remain largely unaffected.

This fall, IRCC and Employment and Social Development Canada (ESDC) will use the new Training, Education, Experience and Accountability (TEER) system to categorize occupations, instead of the skill set. current NOC capacity. IRCC and ESDC will provide sufficient information and guidance to stakeholders before the changes take effect.

Over the past few years, the Canadian government has been discussing the implementation of the Trusted Employer system for the Temporary Foreign Worker Program (TFWP).

Through TFWP, not only is it easier for employers to attract workers, but job seekers can also find safer and more reputable employers. This is considered a top priority in the plan of Immigration, Refugees and Citizenship Canada Minister Fraser.

Although it has not yet provided information on the Parent and Grandparent Program (PGP) 2022, according to information from CIC News, Canada will continue to consider accepting 23,500 immigrants under the PGP program next year.

Expectations for Immigrants

Canada will continue to consider accepting 23,500 PGP immigrants next year

From January 15, 2021, immigrants to Canada must be fully vaccinated before entering the country.

With positive signals from the Canadian job market, there are opportunities for workers who want to settle in this country. Quickly apply now to live and work with your family in the most livable country in the world.


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