Statistics Canada recently came up with the latest Labor Force Survey of November 2022. The age of 25 to 54 years of women is assumed as the core working age. This core-aged working women group in Canada saw an increase of 0.4% in the employment rate.
The most recent job results of recent Canadian immigrants are, especially because Canada’s most recent Immigration Levels Plan (2023-2025) declared record-high immigration objectives for the next few years. Core-aged working women who immigrated to Canada in the last five years had an employment rate of 69.7% in November 2022. This employment rate stands out as one of the highest employment rates in November for women in the past 16 years.
An increment of 0.8% to 81.6% occurred among the core-aged working Canadians year over year in November 2022. This increase was done by core aged working women. Also, this group is having an employment rate of 81.6% breaking the previous record of 81.4% established in May 2022. In contrast to the core aged working women employment rate, the men have an employment rate of 87.8%.
General Employment Trends throughout Canada
As per the latest report-
- In the month of November 2022, employment throughout Canada increased by 10,000 jobs.
- Canada’s 5.1% national unemployment rate decreased by 0.1 percentage points.
- In November, Canada’s job participation rate dropped as well, to 64.8%.
The employment rate saw a slight surge in Canada since November 2021. Despite a small surge, average working hour salaries stayed over 5% for a sixth consecutive month in November. The current average working hour salary has reached $32.11. These stats indicate that the upcoming immigrants will have more work opportunities in Canada. Also, the earning potential is going up over time. New immigrants would have many opportunities to work and earn.
Employment Trends and Provinces
Thousands of people immigrate to Canada throughout the year. Also, the government is planning to invite more immigrants in the upcoming years. Immigration is the only method of coping with the workforce shortage.
Immigrants contemplate several factors before finalizing a place to live. Most immigrants consider the province or territory where the employment opportunities are higher. According to a labor force survey, each territory and province experiences different employment results.
As per the report, employment moved forward in Quebec while the other five provinces went through a downfall. Also, the remaining provinces and territories saw the bare minimum changes. Go through the below-listed facts to know more-
Quebec- In the month of November, the job was up by 28,000 in Quebec. Also, the unemployment rate in this province reached a new height of 3.8% in November 2022. Montreal, a city in Quebec, saw the highest increment in employment by 1.1%.
Prince Edward Island- In this Prince Edward Island, the employment rate declined by 1.7% collectively. Also, the unemployment rate reaches 6.8%.
Newfoundland and Labrador- In this Canadian province, employment went down by 1.5% overall. On the other hand, the unemployment rate remained constant at 10.7% in Newfoundland and Labrador.
Manitoba- In this province of Canada, the employment rate decreased by 0.8%. However, the unemployment rate remained stable at 4.4% in this province.
Alberta- In this province, the unemployment rate reached 5.8%. While the employment rate moved down by 0.6%.
British Columbia- British Columbia, a province in Canada, witnessed a downfall of 0.5% in the employment rate in November 2022.
Ontario- Ontario, the most popular province in Canada, witnessed an unemployment decline of 0.4% to 5.5%.
Employment trends and industries
There are various industries within Canada that saw an increase in employment in 2022. These industries are finance, real estate, insurance, manufacturing, rental and leasing, information, recreation (ICR), and culture.
In November, employees surged by 21,000 in the following industries; insurance, finance, real estate, rental & leasing. On the other hand, Retail trade occupations accounted for 11.2% of all employed Canadians.
The manufacturing industry saw a surge of 1.1% throughout Canada in November 2022. However, the surge was most observable in Alberta, where manufacturing sector employment increased by 4.7%. In addition to Alberta, Quebec also saw a hike in manufacturing industry employment. Over 10,000 jobs were increased in Quebec province.
There is a surge of 1.9% seen in the employment rate in the ICR industry in November. While a 4.5% increase was increased over the last year in this industry across Canada. In contradiction, the construction, wholesale, and retail trade sectors saw a downfall in employment within Canada.
The employment rate in the construction industry throughout Canada has declined by 1.6% since the last survey. The highest decline was observable in British Columbia and Alberta. One more industry (Wholesale and retail trade) also saw a decline of 0.4% in November. Since May 2022, this industry has seen a decline of 4.4% collectively. Ontario and Alberta saw the highest decline in this sector since May 2022.
Some prominent sectors of Canada, such as the professional, scientific, and technical services sectors, saw a down of 0.8%. Entire Canada went through this down in November 2022. In contrast, there is a decline of 3.8% observed in the information and communication technology sector year over year. Also, this industry received 34,000 fewer employees this year compared to 2021.
Future Viewpoint
As you already know, Canada has been running under a serious labor shortage since the post-pandemic. The government is opting for different pathways to address the labor shortage across Canada. However, newcomers in Canada mostly prefer to reside in some particular provinces. Therefore, the distribution of labor is not equal.
There are various industries in Canada that are continuously facing a workforce shortage.
Therefore, the federal government is going to make some significant changes in the express entry draws by 2023. Express entry is the prime way for the Canadian government to bring skilled foreign workers to Canada. To address the industry-specific workforce shortage, Canada will be conducting industry/occupation-specific draws.
The industry/occupation-associated draws will be operated under the express entry from the 1st quarter of 2023. In this industry/occupation industry, candidates with some particular skill set, language proficiency, and educational background will be invited. Canada also recently released the TEER system with NOC 2021. The TEER system is the revision of the NOC 2016. This new system is going to help Canada in several different ways, such as-
- A better understanding of the need for the labor market
- Forecasting the upcoming employment challenges
- Providing the most suitable candidates to the Canadian employer
- Helping foreign workers in getting job that aligns with their background
This strategy will help Canada to address the workforce shortage easily throughout Canada. Also, this government will be entitled to bring immigrants with specific skill sets and experience to fulfill regional job market needs. There are several sectors in Canada where the demand for labor is at its peak.
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