Canada Job Banks rises to 303,000 in March

As per the survey by Statistics Canada’s Labour Force, Canada will show faster economic growth in the month of March, but the gains of this growth will not last long. 

Canadian labour market situations were observed by Statistics Canada for the period of March 14 to 20 when the third wave of Coronavirus was just starting. There were less stringent measures in several provinces. Work from home measures was lifted off in Ontario. Personal care services, fitness facilities, dining out services, and recreations and fitness facilities were still closed in places like Toronto.

Even though the number of people getting employed in March was just about 1.5% lower than the month of February. Unemployment on the other hand was at a level of 32%. 

Employment was seen on a rise in many provinces like Ontario, Alberta, British Columbia, and Quebec. Hard hit sectors like retail trade, accommodation, and food services. There was an increase seen in employment in sectors like culture, recreation services, and the information sector for the first time since September. 

Employment Increased in Industries with more Immigrants

Immigrants were disproportionately affected by the coronavirus pandemic. This is because many of the industries were laid down very hard due to the pandemic-related closures. However, some of the industries bounced back from this menace as well. 

As per the census 2016, retails sector employed around 450,000 new immigrants. The losses in this industry in the month of January were fully recouped in the month of March. Food and accommodation services employment saw an increase of around 2%. A total of 346,000 immigrants were employed by this industry.

More than 238,000 immigrants were employed from the construction and goods-producing sector.  

Immigrant-rich industries like healthcare and social assistance employed around 523,000 immigrants whereas the educational services sector employed around 264,000 new immigrants.

All these employment contributed to the national employment increase during the last month.

The employment of immigrants remained stable while the travel restrictions have cut down the number of newcomers to a new low. Around 184,000 newcomers became permanent residents of Canada in the year 2020.  

As per statistics Canada “very recent immigrants” are the people who have been in Canada for a period of fewer than five years. As we all know the number of recent immigrants is lower than ever but their e their employment rate is at a steady rate. In the last three ending in March, the recent immigrant’s employment has reached to 65%.

Canada can lose employment gains in the month of April

As the third wave enters Canada this month, many provinces and territories have started to implement public health measures affecting the area of employment. In Ontario, all non-essential business was closed for the upcoming month. There were restrictions imposed in Quebec, Alberta, and B.C.

All these effects of restrictions and closure will have an impact on the Labour Force Survey for the month of April, which will be published in the month of May. 

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