Statistics Canada released the latest Labor Force Survey on Oct 4, 2022, confirming a record number of job seekers getting jobs in diverse industrial sectors.
The leading industries witnessing employment growth in Canada are food services, construction, manufacturing, and accommodation. Most jobs were from the private sector. There is a decline in employment in some industries, such as natural resources, wholesale, and retail sectors. According to Statistics Canada, the escalation mainly benefits immigrants as the employment rate touched a record of 70.7 percent.
Statistics Canada reported that employment among Gen-X and millennials was the maximum in October 2022. The agency providing statistical and demographic services highlighted that the employment growth was perceptible in Manitoba, Newfoundland, Prince Edward Island, Quebec, Labrador, Saskatchewan, and Toronto. Central Canada created most jobs to benefit immigrant workers.
The Canadian labor market has the distinct strength of maintaining a steady unemployment rate of 5.2 percent. It is despite the growth in the labor force by over 110,000 workers.
The International Mobility Program (IMP) and Temporary Foreign Worker Program (TFWP) are suitable options for Canadian employers to find workers.
The Express Entry system continues to boost employment through online applications. It drives the Canadian job market by leveraging the competitive ranking of candidates eligible under the Canada Experience Class, Federal Skilled Trades Program, and Federal Skilled Worker Program.
