Syed Khan – January 12, 2022
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 5.9% in December with 54,700 jobs being added. Almost 123,000 full-time jobs were added but there was a decline of 68,000 part-time jobs.
Many factors contributed to the shift in jobs, including steady immigration and work benefits to attract new employees. The industries that added the most jobs were mostly service industries like wholesale, retail, trade, and manufacturing. There was an increase in construction sector jobs, with 27,000 full-time jobs being added. 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 4.6% unemployment.
Alberta recorded the highest employment rate in all of Canada at 64.2 percent.
Saskatchewan added the most jobs in professional, scientific, and technical services sectors. 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 added the most jobs were Ontario, Alberta, and Saskatchewan, and Manitoba. Ontario added 46,900 jobs, Alberta added 11,100 jobs, Saskatchewan added 6,000 jobs and Manitoba added 2,500 jobs.
The provinces of Nova Scotia, Prince Edward Island, and British Columbia added comparatively lesser jobs in November.
Ontario had the lowest unemployment rate of 6.0 percent, the lowest it has been since the start of the pandemic.
In the age groups of over 25, the employment percent for men increased by 2.5% more, while it increased by 2.2% for women. Over 63,000 jobs were added for men, a slight increase 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.
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