Canada is back on track: Regains pre-pandemic levels in employment in September
Last month,
Canada's economy added 157,000 jobs, bringing the unemployment rate to within
1% of pre-pandemic levels.
Statistics The
Labour Force Survey of Canada captured the Labour market in Canada during the
week of September 12 to 18. Several provinces have implemented
proof-of-vaccination restrictions for non-essential locations such as gyms and
restaurants that week.
The employment
rate is the percentage of the population aged 15 and up who are employed. As a
result of population increase, Canada's employment rate in September was 60.9
percent, which was still 0.9 percent lower than the rate in February 2020.
In September, the
jobless rate fell for the fourth month in a row, to 6.9%, the lowest level
since the beginning of the pandemic.
The employment rate is increasing
tremendously for recent immigrants
The employment
rate among relatively recent immigrants has been steadily increasing, reaching
71% last month.
While the general
population of newcomers did not increase during the pandemic, the number of
very recent immigrants employed in certain industries did. Professional,
scientific, and technological services, as well as finance, insurance, real
estate, rental, and leasing, are just a few examples. Throughout the pandemic,
employment in these two businesses has grown steadily.
The employment
rate for immigrants who have been in Canada for more than five years was
roughly 59 percent, down approximately one percentage point from September
2019. People born in Canada had a 61 percent employment rate, down two
percentage points over the same time period.
White collar sectors defeat the blue
collar sectors
For the first
time, employment in the services sector surpassed that of the pre-COVID period.
Public administration, information, culture, and recreation, as well as
professional, scientific, and technical services, all saw gains.
In contrast,
several businesses, such as lodging and food services, have yet to return to
their February 2020 employment levels. This is partly due to public health
regulations having a significant impact on the sector. Employment in the food
service industry declined for the first time in five months in September.
Retail employment has also decreased.
Overall, there
was little movement in the goods-producing sector, which has been the case
since it lost 94,000 jobs between April and June. The exceptions were
manufacturing and natural resources, both of which showed some job increase in
September.
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