Canadian Economy | 94000 Jobs Recovered

According to Canadian statistics, the participation of migrants in the labor market is approaching the level of 2019.

The Canadian economy was slightly closer to pre-epidemic levels last month.

Statistics Canada's July Labor Force Survey surveyed the Canadian labor market from July 11 to 17. Public health restrictions have been slashed across Canada this week due to low incidence and high vaccinations.

Canada added 94,000 jobs in July, down 1.3 percent from February 2020. Profits were concentrated in the private sector, especially in the service sector. Unemployment fell to 7.5 percent, the same level as in March.

Employment has increased in Ontario, Manitoba, Nova Scotia, and Prince Edward Island.

The employment rate of recent migrants has been rising

According to Canadian statistics, migrants who have returned in the last five years are called "latest" immigrants. The numbers in this group have suffered greatly since the border was closed in March 2020.

The employment rate of the latest migrants tends to increase during the pandemic, as their numbers decline faster than the employment rate. In other words, they do not work more often than before the plague.

The employment rate for immigrants, who had just arrived in July, was up 69.1 percent, up 1 percent from June.

Among Canadians who have worked for more than five years, employment was 58.1 percent in July, down a few percentage points from June.

The number of recent migrants increased from 612,000 in 2016 to 751,000 in 2019, reaching 751,000 in 2019. Growth stalled in 2020 due to travel restrictions and other anti-coronavirus measures.

However, the number of migrants who were last employed this year has reached the 2019 level, accounting for almost 4 percent of the total labor force between January and July.

Canadian Immigration is sometimes discussed as a strategy to address the demographic challenges of Canada. Canada has a high aging population and low birth rates. The combination of these elements means that the workforce is declining and natural growth is insufficient to cover the losses. Without other strategies to bridge the gap between immigration and the labor market, the Canadian economy will not remain internationally competitive in the long run.

At the end of June, travel restrictions began to ease for permitted permanent residents since the border opened. That month, Canada welcomed 35,700 new permanent residents, more than any other month during the plague. The number of new arrivals in July has not yet been announced.

As travel restrictions ease, Canadian Statistics will monitor whether the number of new immigrants entering the Canadian labor market will continue to grow.

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