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Employment rate in Canada soaring beyond expectations

Canada soaring

Canada will soon achieve full economic recovery, indicates the latest data which shows that employment in the country is soaring high and unemployment is fast returning to pre-pandemic levels. In November 2021, a total of 154000 new jobs were added by employers in Canada though the analysts had predicted a job growth of mere 38000 in the month. It means employment in Canada rose to a full percentage point above pre-pandemic levels. Similarly, unemployment rate also dropped down to 6 per cent in November.
pnp-finderAccording to statistics, over half of businesses in accommodation and food services sectors are facing difficulty in recruiting the right candidates. In September, the number of vacant jobs in Canada was around one million. It is a fact that more people are getting employed in Canada. But several industries are hit hard by this labour shortage. This is especially true about travel and hospitality sectors. These sectors have rebounded with the pandemic conditions improving in the country, as a result of effective vaccination policies and relaxed border control measures.

The increased number of job vacancies in Canada indicates an increase in economic activities, which means Canada is recovering from the economic impact of the pandemic. In the beginning of September, more than one million job vacancies were reported in Canada. Among these, close to 200,000 vacancies were in the accommodation and food sector. Healthcare and social assistance sectors had over 130000 vacancies in September and retail trade sector had nearly 122000 vacancies. Construction and manufacturing sectors reported more than 80000 vacant positions.

The high number of vacancies also indicates increased job opportunities for immigrants. Canada is aiming to overcome this labour crisis by welcoming more immigrants to the country. In the past one year, several new immigration pathways were launched by Canada. The country has also set a higher immigration target for the period 2021-23. In each of these years, Canada is planning to welcome 400000 new immigrants. Almost 60 per cent of the new immigrants will be welcomed through economic immigration programs.

Do you wish to migrate to Canada? If yes, this is the right time to start the immigration process. Connect with the Canada immigration experts of CanApprove and find the best options to realise your Canada immigration dream.

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