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Unemployment rate remains the lowest among immigrants in Canada

Unemployment rate remains the lowest among immigrants in Canada

The date released by Statistics Canada recently revealed that the unemployment rate in Canada among the immigrants was one of the lowest. The rate was just 7.6%, the lowest compared to any other August since 2006. The Labour Force Survey (LFS) conducted by Statistics Canada revealed that a total of 875000 immigrants were part of the Canadian labour force as on August 2022. The proportion of immigrant workers was even higher in metropolitan cities like Toronto and Montreal. 
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Why number of job vacancies high in Canada?

The survey showed that the number of Canadians who are considering a job change is also on the rise.

In January 2022, the proportion of employees who were planning to leave their jobs in the next one year was 6.4%. But in August 2022, this unemployment rate in Canada increased to 11.9%. It means the percentage almost doubled in the past six months. Job change was a reason for the rise in the number of job vacancies in Canada.

Another reason for the rise in the number of job vacancies was a high number of people reaching the retirement age. Data from Statistics Canada shows that a total of 307000 Canadians left their jobs in the month of August. It also indicates a major crisis being faced by Canada, which is a population that is aging fast.

The aging population and the severe labour shortage means the number of job vacancies would remain high and immigrants will have more opportunities. Those who are interested in exploring the opportunities in Canada, have many immigration pathways to choose from. These include federal economic immigration programs for skilled workers such as Federal Skilled Workers Program (FSWP), Federal Skilled Trades Program (FSTP), and the Canadian Experience Class (CEC) in addition to the Provincial Nominee Program (PNP). As per the Immigration Levels Plan of Canada, the country will be welcoming 431000 immigrants in the current year. The number is set to increase further in the next two years.
So, this is the right time for Canada migration aspirants to start the application process. Talk to the Canada migration experts of CanApprove to find your best options.

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