As anticipated by the Conference Board of Canada on December 10th, 2020, the employment growth was significantly to slow down in the upcoming months due to the pandemic border closures.
While December saw a steep fall in the rate of employment, January was relatively a refreshing positive change. However, with restrictions still in place and border immobility, the expectation from this year isn’t exceptionally rewarding. As many as 575,000 lost jobs are expected to be retained by the end of the year 2021. With the onset of the next year, 2022, the graph of employment is shown to increase significantly presenting more job opportunities to skilled foreign workers.
Job creation, employee retention, and other policies have been strongly affirmed to stick to the current year’s economic recovery plan.
The two categories that were significantly impacted by the previous year’s economic downturn are: Office Employment and Industrial and Retail Employment
Most offices were physically shut to adhere to the COVID-19 norms. However, by the end of the year, some office locations began to reopen. This resulted in a 2.6% and 4.0% increase in employment in FIRE (Finance, Insurance, and Real Estate) and PSTS (Professional, Scientific, and Technical Services) industries, respectively.
Now with the COVID Vaccinations in place, more relaxations will be provided to open offices for employees to halt the remote-working practises and return to their normal day-to-day life by working for fixed hours from within the office. This will again elevate the employment rate significantly and help reach the annual immigration skilled workforce target.
Industrial and Retail Employment
While the Industrial and retail sectors took the biggest hit of the economic recession, it is likely to bounce back soon enough in provinces like Ontario, Quebec, Saskatchewan and so on. The annual report does not give the full and complete picture of the industrial jobs. However, manufacturing users, technologists, and other hardware specialists are in-demand in Canada to get the physical working environment back to action in full force.
Undeniably, this is the best time for job seekers to settle in Canada with a suitable job as new jobs are being created every day.