March 2021 saw that Canada’s economy grew closer to the levels that existed before the COVID-19 pandemic struck in March 2020.
To explore the economic growth of Canada, Statistics Canada did an examination of the labor market conditions in the week from March 14 to March 20, 2021. This was while the third wave of COVID-19 started in Canada.
At this point in time, several Canadian provinces had reduced the restrictions with public health measures. Orders to stay at home were lifted in all regions of Ontario. Nevertheless, recreation, personal care services, in-person dining, and fitness facilities stayed closed in certain areas like Toronto.
In March 2021, the total number of people taken into jobs was just 1.5% short of the number of employed people in February 2020. However, unemployment was about 32%.
The largest increases in employment gains were found in the Canadian provinces of Quebec, British Columbia, Alberta, and Ontario. There was job recovery in several industries that were hit hard by the pandemic crisis. These included accommodation & food services and retail trade. Also witnessed was an increase in employment in recreation, culture, and information services. This was apparent for the first time since September 2020.
The losses that the retail industry felt in January 2021 were fully recouped in March 2021. Also, there was an increase of 21,000 people working in accommodation & food services. This was an over 2% increase. Currently, this industry has about 346,000 immigrants working in it.
Construction employs over 238,000 immigrants. This sector contributed the maximum to gains in the goods-producing sector.
Growth was also recorded in industries like health care and social assistance. This sector employs about 523,000 immigrants. Educational services employ over 264,000 immigrants.
All these gains are attributed to the increase in national employment in March 2021.
In 2020, owing to travel restrictions imposed by Canada owing to COVID-19, only 184,000 new immigrants became Canada PR.
The number of new immigrants in Canada in under 5 years has decreased. In fact, the immigrant population has decreased faster in the COVID-19 time. The rate of employment for these immigrants in the first 3 months of 2021 was close to 65%. This was not very different from the numbers in the 3 months ending in February 2020.
As Canada is in the middle of the third wave of COVID-19 in April 2021, employment is getting affected for immigrants willing to work in Canada. This is owing to public health measures imposed to combat the pandemic.
The effects of the closures in Canadian provinces due to COVID-19 will possibly be reflected in the Labor Force Survey of April 2021. This could be published on May 7, 2021.
If you are looking to Study, Work, Visit, Invest or Migrate to Canada, talk to Y-Axis, the World’s No.1 Immigration & Visa Company.
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