Posted on November 07 2022
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Interesting news on job creation in Canada has come out as the latest reports say that Canada added 108,000 jobs to the Canadian economy in October 2022. These jobs in Canada have been created with a steady unemployment rate of 5.2 percent in October 2022, which was reported by Statistics Canada.
Canada is not immune from the impending recession that’s expected all around the world. But Canadian PM Justin Trudeau has reassured that Canada will be in a position to overcome the challenge with its policies and measures taken.
|“We’re seeing economies around the world slowing down. No matter how hard the slowdown hits, Canada is best placed to withstand it because of our responsible approach since the start of the pandemic which keeps us resilient,”|
|Justin Trudeau, Prime Minister of Canada|
The gain in jobs in Canada in October 2022 followed a tough time prior to that that challenged the country on its economic front. The major industries in Canada that recorded rising employment were accommodation & food services, construction, and manufacturing.
Here’s a snapshot of the jobs added in a few provinces in Canada in October 2022.
|Province/Territory||No. of jobs created||Details|
Most job additions happened in accommodation & food services and scientific, professional, and technical services.
|Newfoundland & Labrador||3,300||
Canadian employers have been attracting foreign workers with increased wages and more.
Despite rising interest rates in the country, which is seen as a natural eventuality of growing economic challenges, experts are positive about the trend to not linger long and hard on people.
|Recent reports show that there has been increase in wages annually as seen in the past five months. When compared with 2021, annual wages in October 2022 were up by 5.6 percent.|
It was also seen that of the workers in Canada who were employed with the same employer two-thirds earning more than CAD40 an hour got a raise in earnings. The same happened with half of the workers who earned under CAD20 an hour.
In October 2022, the rate of employment among immigrants in Canada aged at least 15 years was a record 62.2 percent.
If you are willing to work in Canada, talk to Y-Axis, the leading immigration and career consultant in Australia.
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