In August, Canada adds 246000 additional jobs for the economic recovery

In August, Canada adds 246000 additional jobs for the economic recovery

Published on : October 29, 2020

Canada is recovering economically, as many people are joining work during the COVID-19 pandemic.

Nearly 3 million jobs were lost during the lockdown, imposed in Canada since March due to the coronavirus pandemic.

But currently, more number of people are returning to work.

August Labour Force Survey that was released on Friday represented that the recent ease in the public health restrictions is enabling more people to return to their employment. These people include both Canadians and immigrants.

The employment rate rose 1.4%, rising to 5.7% of what it was before the coronavirus pandemic.

In the meanwhile, there is an increase in the employment rate of the older immigrants up to 1.6%, but there is an increase in the employment of the newer immigrants up to 2.2%. The growth is mainly driven by the reduction in the recent immigration levels due to lower newcomer numbers during the time of the pandemic.

The majority of the employment chances given to the immigrants are full-time positions.

The employment rate is more in the service sector when compared to the goods-producing sector (+1.5%).

The service sector's growth is concentrated mainly in accommodation and food services, educational services, and other services that include hair and beauty salons.

The survey said, "In the goods-producing sector, gains in manufacturing were partially offset by declines in natural resources."

Some disparities exist in the employment sector even though the profits are very good for all Canadians.

The participation rate for men is now below 0.2% of the Pre-COVID level, and the participation rate for women is 1.3% below the pre-COVID levels. This indicates that more women are engaged in non-employment activities like child-care.

For visible minorities, unemployment rates are higher when compared to the people who are not members of any minority groups. Canada's national unemployment rate is 11.1%, while for Arabs, it is 17.9%, for black, it is 17.6%, and for Southeast Asian people it is, 16.6%.

Youth and low-wage workers employment opportunities increased only 86% of what the were in February, and other employees have nearly returned to the employment rates that were present before the COVID pandemic spread (i.e., nearly 99.1% of February).

We can say that there is plenty of room for improvement. Canada is still bound to recover 1.1 million jobs, which were lost during the pandemic time.

The new report shows that the economic recovery of Canada is moving in the correct direction. In recent months, nearly 1.9 million jobs were recovered. 419000 jobs were recovered in July, and 1.2 million jobs were recovered in June and May, in addition to the 246000 jobs created in August.

Topics: Migrate

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