The number of full-time jobs held by immigrants increased
On November 4, Statistics Canada revealed the Labour Force Survey data for October 2022. The general unemployment rate has returned to its original state after the observed increases from May to September but is still equivalent to September’s 5.2%. The survey revealed that immigrants successfully secured employment and filled various labour shortages across Canada.
According to the statistical and demographic services agency’s most recent Labour Force Survey, employment increased across a number of industries, with manufacturing, construction, lodging and food services leading the way.
Overview
For the first time since March 2022, the number of employees in the private sector increased. The employment situation for both self-employed people and public sector employees remained quite stable.
In the key working age range of 25 to 54, employment rose for both men and women in October. For both men and women between the ages of 15 and 24 and 55 and older, there had been little change.
Employees’ average hourly salaries increased 5.6% (+$1.68 to $31.94) from October 2021 to October 2018, staying above 5% for a sixth consecutive month (not seasonally adjusted).
Nearly two-thirds (64.3%) of workers making more than $40.00 an hour in October had been given a raise the year before, compared to half (50.1%) of those making $20.00 or less (population aged 15 to 69; not seasonally adjusted).
In October, 35.3% of Canadians aged 15 and over lived in households where it was difficult to cover basic expenses, up from 1/5 in October 2020. (not seasonally adjusted).
In October, more than 1.7 million Canadians had flexible work schedules (population aged 15 to 69; not seasonally adjusted).
Total hours worked grew by 0.7% in October after falling by 0.6% in September. The overall number of hours worked increased by 2.2% from October 2021.
Immigrants are successful at finding employment
According to the survey, immigrants have been successful in finding work and bridging some of Canada’s labour 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.
Six provinces record 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 remarkable growth, filling 28,000 full-time jobs. 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 significant employment growth. 4,300 more jobs were added to the workforce.
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