According to the most recent Labour Force Survey (November 2022) Statistics Canada released, women between 25 and 54 years of age experienced an increase in employment of 0.4%.
Of particular interest, specifically, after the most recent Immigration Levels Plan (2023-2025) announced record-high immigration targets over the next many years, is the most up-to-date employment result of recent immigrants in Canada? Among recent immigrants, core working-aged women who chose to immigrate to Canada over the last 5 years witnessed an employment rate of 69.7% in November 2022. This signifies the highest rate of employment in November for recent immigrant women of the core working age in the last 16 years in Canada.
The total rate of employment among core working-aged Canadians grew 0.8% year-over-year (YOY) to 84.7% in November 2022. It was an increase in core-aged women. This group stands at an employment rate of 81.6%. The rate of employment for core working-aged men is up to 87.8%.
General Employment Trends across Canada
Taking a general view of employment in Canada into consideration, November 2022 witnessed employment around the world increase by 10,000 jobs. The national Canadian unemployment rate dropped 0.1 points, plunging to 5.1%. The employment participation rate in the country reduced to 64.8% in November.
Despite this comparatively minor employment growth, the employees’ average hourly wages remained above 5% for a sixth consecutive month in November 2022, up to $32.11 from November 2021. This would recommend that newcomers to Canada will continue to have more lucrative opportunities to work in Canada while witnessing an increase in earning potential over time.
Employment Trends by Province
Newcomers to Canada take plenty of factors into consideration when choosing where to reside, which includes where they will be able to find the most opportunity for employment. The most recent Labour Force Survey indicates that, across 13 provinces as well as territories in Canada, diverse regions experienced employment outcomes.
For example, employment increased in the province of Quebec. However, it declined in 5 other provinces, while there was minor movement in the remaining 4 provinces and 3 territories in Canada. These outcomes are mentioned below:
Quebec
Overall employment increased by 28,000 jobs in Quebec. The provincial rate of unemployment reached a new record low of 3.8% in November 2022. The majority of the reported employment gains were concentrated in Montréal, where employment increased by 1.1%.
Prince Edward Island
Employment in Prince Edward Island dropped by 1.7% overall, causing the unemployment rate to jump to 6.8%.
Newfoundland and Labrador
Total employment was reduced by 1.5%, although the unemployment rate remained comparatively steady at 10.7%.
Manitoba
Employment dropped by 0.8% but the provincial unemployment rate held steady at 4.4%.
Alberta
The unemployment rate increased to 5.8% as employment in Alberta went down 0.6%.
British Columbia
In the province, total employment declined by 0.5% in November. All losses were experienced in the part-time employment sector.
Ontario
The unemployment rate throughout Ontario declined by 0.4 percentage points to 5.5%
Employment Trends by Industry
Here is a list of industries that witnessed an increase in employment across Canada:
- Finance
- Real estate
- Manufacturing
- Information, culture, and recreation (ICR)
- Rental and leasing
- Insurance
The number of individuals working in real estate, insurance, finance, rental, and leasing rose by 1,000 in November. On the other hand, 11.2% of employed people in Canada held jobs in the retail trade industry.
There was an increase of 1.1% in the manufacturing industry across the country in November 2022. This rise was most prominent in Alberta, where industry employment increased by 4.7%. Quebec is the province that witnessed a notable increase in employment. It experienced an increase of more than 10,000 manufacturing jobs.
Employment in the ICR (Information, culture, and recreation) industry rose by 1.9% in November.
Total employment was reduced across Canada in the construction, wholesale, and retail trade industries and top IT cities is there. Employment in the construction industry has fallen by 1.6% since the last Labour Force Survey in October 2022.
