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Statistics Canada data shows that immigrants have a high rate of employment

Statistics Canada data shows that immigrants have a high rate of employment

Even though there have been improvements in the number of full-time positions, the unemployment rate has been constant since September. Data from the October 2022 Labour Force Survey have been made public by Statistics Canada. Overall, the unemployment rate has decreased from increases between May and September but is still 5.2%, as it was in September.

Manufacturing, construction, lodging, and food services saw the highest increases in employment, while wholesale and retail trade, as well as the sector of natural resources, saw job declines. The private sector added the majority of the new positions, marking the first time since March 2022 that this sector has had a growth in employment.

Finding work is successful for immigrants

According to the immigration figures from the 2021 census, immigrants make up 23% of Canada's population. People who are or have ever been landed immigrants or permanent residents are considered immigrants according to the census. 

According to the poll, immigrants have been successful in finding work and bridging some of Canada's labor market gaps. Over 62% of immigrants who are 15 years of age and older are employed. Additionally, it was discovered that the employment rate of immigrants who entered Canada in the last five years was 70.7%, higher than it was in October of last year, before the pandemic.

New occupations are typically full-time.

In October, there was an increase in employment just for full-time positions (there were decreases in part-time employment, but full-time employment gains offset the total losses).

By filling 119,000 full-time posts, the rate of full-time employment increased by 3% from October 2021. The rate of part-time work has remained stable, but there has been a change as males have been more likely than women over the previous 12 months to find a full-time job, with a growth rate of 3.9% compared to 1.9% for women.

Since last October, the percentage of women who work part-time has increased by 5.7%. Employment growth for both sexes was concentrated in the 25–54 age bracket, which is the core working age group.

But in September and October of this year, men of prime working age experienced a little increase in the number of full-time jobs, at 0.7% for men and 0.4% for women. With a 1.7% drop from September and a 10.5% overall unemployment rate, young women aged 15 to 24 have suffered a decline in their employment rate.

Increases for the top 25% of income

Since October 2021, wage growth has averaged 5.6% across all industries. According to the research, employees who had worked for their employer for at least a year received raises in six out of ten cases. According to the poll, only 50% of workers earning less than $20 had received a raise, compared to 64.3% of those earning above $40 an hour.

Agriculture had the lowest percentage of workers who earned raises (47.2%), followed by lodging and food services (49.7%). Hourly salaries in these two sectors are frequently lower than the average for all industries. In addition, raises were given to 53.6% of people working in healthcare and social services. In this industry, wage growth has been sluggish, increasing by only 0.9% annually.

Six provinces report increased employment.

Ontario, Quebec, Prince Edward Island, Newfoundland and Labrador, Saskatchewan, and Manitoba saw the most growth in employment. With 43,000 positions filled, mostly in part-time employment, Ontario experienced the biggest growth in employment. The sectors of lodging and dining as well as professional, scientific, and technological services had the highest gains. At 5.9%, the overall unemployment rate is comparable with September's level.

Quebec also demonstrated notable growth, filling 28,000 positions. The sectors of construction, finance, insurance, real estate, rental, and leasing saw the majority of the gains overall. The unemployment rate in the province is 4.1%. After Hurricane Fiona, which severely damaged the province, Prince Edward Island experienced some notable employment growth. 4,300 more jobs were added to the workforce.

Positions for hybrids are still prevalent.

According to the research, 1.7 million Canadians hold a hybrid job, which means they divide their workweek between working from home and an office. The number of hybrid arrangements rose from January to October. Up to 21.7% of all hybrid occupations are found in the financial, insurance, real estate, rental, and leasing industry. In addition, 17.9% of positions in professional, scientific, and technical services are hybrid, as are almost 16% of posts in public administration.

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