The Labour Force Survey of November 2022 by Statistics Canada states that women underwent an employment rise of 0.4 percent. Also, the age group of these women turns out to be between 25 and 54 years, which is the prime working age.
Particularly after the declaration of Canada’s latest Immigration Levels Plan for 2023 to 2025, the recent Canadian immigrants and their latest employment results occurred. Women in their prime working age who recently immigrated to Canada in the previous five years witnessed an employment rate of 67 percent in November this year. This is also the highest employment rate for November in the last 16 years if we talk about recent women Canadian immigrants.
However, the prime-age working Canadian’s employment rate increased from 0.8 percent to 84.7 percent in November 2022. The increase occurred due to the prime-aged women, and currently, they have an employment rate of 81.6 percent. The previous rate was 81.4 percent in May 2022. The employment rate among men increased to 87.8 percent.
Labour Force Survey- current Canadian employment trends
Generally, Canadian employment in November 2022 witnessed growth with 10,000 jobs. The Canadian employment rate declined to 0.1 points, with 5.1 percent nationally. Additionally, the employment participation rate in Canada also witnessed a decline of 64.8 percent in November.
Even though the employment growth rate was minor, the average hourly employee wages continued to be more than 5 percent in the sixth consecutive month of November. From November 2021, the hourly employee wages increased up to $32.11.
The above analysis concludes that newcomers coming to Canada will continue to access increased work opportunities in Canada. Also, they will witness higher earning capacity over time.
Provincial employment trends
Immigrants moving to Canada assess several factors when deciding where to stay in the country. One of the primary factors is where they will be able to find the maximum employment opportunities. According to the latest Labour Force Survey for all Canadian provinces and territories, different Canadian regions witnessed different employment results. For instance, Quebec observed higher employment, whereas five Canadian provinces saw a decline in employment.
The rest of the Canadian provinces and three territories saw a slight change in employment. The outcomes are given below:
- Quebec– Overall, the employment rate increased with 28,000 jobs. Also, the provincial unemployment rate reached as low as 3.8 percent in November this year. According to reports, Montreal employment gains took place by 1.1 percent.
- Prince Edward Island– The employment rate was reduced by 1.7 percent leading to an unemployment rate of 6.8 percent.
- Newfoundland and Labrador– Total employment rate fell by 1.5 percent, and the unemployment rate remained steady at 10.7 percent.
- Manitoba– Employment in this province deteriorated by 0.8 percent. On the other hand, the provincial unemployment rate stands firm at 4.4 percent.
- Alberta– The unemployment rate increased to 5.8 percent, with the local employment rate stooping to 0.6 percent.
- British Columbia– Total provincial employment rate was reduced by 0.5 percent in November. Additionally, the part-time employment sector experienced immense losses.
- Ontario– This province experienced a decline in the unemployment rate by 0.4 percent, with 5.5 percent.
Canadian Labour Force Survey- industry-wise recent employment trends
Employment increased in insurance, manufacturing, leasing and rental, information, culture, recreation, and finance. The number of individuals in real estate, finance, insurance, rental, and leasing increased by 21,000 jobs in November. On the other hand, the retail trade industry comprised around 11.2 percent of employed Canadians.
The manufacturing industry increased employment by 1.1 percent within Canada in November this year. Notably, Alberta observed industry employment growth of 4.7 percent. Moreover, industry employment in Quebec increased, with more than 10,000 manufacturing jobs.
The industry employment rate in ICR went up by 1.9 percent in November. However, it increased to 4.5 percent in 2021.
Contrarily, the total employment rate deteriorated across Canada in the construction, wholesale and retail industries.
Canadian industry employment in the construction sector dropped to 1.6 percent since the previous Labour Force Survey was held in October this year.
Evidently. the reductions occurred in British Columbia and Alberta. In November, employment in Wholesale and Retail Trade declined to 0.8 percent. Previously, this industry also witnessed an overall decline rate of 4.4 percent since May 2022. Moreover, the majority of the reduction in this industry occurred in Alberta and Ontario.
Canadian employment was reduced by 0.8 percent in Canada’s professional, scientific, and technical services sectors in November 2022. Besides this, the ICT industry observed a Year-Over-Year decline in the employment rate of 3.8 percent. Comparatively, there are only 34,000 fewer people who gained employment in the ICT industry than in November 2021.
Future outlook
The above industry-wise employment outcomes elaborate on why Provincial Nominee Programs across Canada hold significance in Canadian immigration. Canada is already taking initiatives emphasizing foreign nationals via PNPs than Express Entry. Keeping these efforts in mind, the Canadian government will work toward bridging the Canadian labor market gaps in specific Canadian regions functioning through a Provincial Nominee Program.
Changing employment patterns related to specific industries is also the primary reason Canada executes Express Entry changes in the draws. Moreover, the federal government will invite more foreign skilled workers to Canada through permanent residence. Also, this will begin early next year.
In the early part of 2023, in Quarter 1, Canada will start holding Express Entry draws that focus on foreign nationals working in particular occupations or those with specific language skills and educational backgrounds.
As seen, Canada has shifted from NOC 2016 to a new TEER system (Training, Education, Experience, and Responsibilities). The updated version of NOC will improve Canada’s labor market and occupational forecasting. Moreover, it will enhance the labor supply and demand assessment and provide Canadians and foreign nationals with specific job training and skill development.
Ultimately, these changes will help Canada get an increased number of immigrants capable of being employed. Also, these employable immigrants must be able to handle job market requirements in the regions, especially areas with industries having the highest labor demand.
