Syed Khan – December 03, 2021
Canada’s economy is continuing its steady rise and shows signs of pre-pandemic levels as it moves into its post-pandemic recovery period.
In the findings published by the latest Statistics Canada Labor Force Survey, unemployment levels are at an all-time low, at 6% in November. Almost 154,000 jobs were added this year with many factors contributing, including steady immigration and work benefits to attract new employees. The industries that added the most jobs were mostly service industries like healthcare, retail, and construction. The latest GDP data shows Canada’s economy continues to grow in the face of the pandemic.
Employment levels rose all over Canada, with Quebec at the top having only 4.5% unemployment. The francophone province of Canada added over 45,000 jobs.
Montreal added over 56,000 jobs in November, with unemployment rates decreasing by 1.6%. These statistics are near pre-pandemic levels and show the growth of the economy at 5.4%, a good sign for Canadian businesses and industries.
The provinces that emerged at the top for lowest unemployment levels include Saskatchewan at 5.2%, Manitoba at 5.1%, and British Columbia at 5.6%. The provinces of Prince Edward Island, Newfoundland and Labrador, and New Brunswick added comparatively lesser jobs in November.
In the age groups of over 25, the unemployment for men was at 5.5% while it was 5.1% for women, which is a staggering high achieved after adding over 66,000 jobs for women. Over 48,000 jobs were added for men, a slight decrease from the usual statistical levels. All of these jobs were full-time work which shows Canada’s recovery from the pandemic in a positive light.
There was a massive decrease in long-term unemployment, with those out of jobs for 52 weeks for more dropping to 23.4%.
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