With the Canadian economy adding up to 54,000 new jobs in Canada the month of September alone, slashing down the unemployment rate straight from 5.7 percent to a low of 5.5 percent, as per Statistics Canada. Immigrants who have heard that Canada is Land of Endless opportunities are in for a surprise as it has been observed that there has been a surge in employment in the first three quarters of 2019 has been more than 358,000 which is way ahead than January-to-September 2018’s estimated increase of 98,000. This rise has been mainly in the domain of full-time work as per the agency’s Labor Force Survey.
A 456,000 increase in job opportunities in Canada, as compared to the previous year, has plummeted the employment rate up to 2.4 per cent. The majority of this employment boom occurred in the Canadian provinces of Ontario and Nova Scotia. This surge has been even between both men and women belonging to the core working age that is between 24 and 54.
Huge share of employment has been witnessed in the sectors of health care and social assistance that accounted for an increase of 30,000 new jobs in the Canadian market. Every year employment in this part of sector has risen by 108,000. Also, there were worthy gains in the accommodation and food services that have increased by 23,000 jobs previous month.
Brendon Bernard, economist for job site Indeed Canada stated that “Canada posted another strong overall increase in employment in September” Also in a written statement he expressed that “Gains were driven by the more volatile self-employment and public sectors, while the number of private sector employees fell-back after a spike in August. The increase was large enough to bump up the working-age employment rate 0.2 percentage points to 74.7 per cent, edging out May as the highest rate on record.”
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