Canada adds 108,000 jobs in October, StatCan Reports

Highlights of Canada adding 108,000 jobs in October

• Canada added 108,000 more jobs in October for International immigrants.
• Employment increased in industries like Accommodation and Food Services, Construction, and Manufacturing.
• The unemployment rate was 5.2 percent in the Canadian workforce market in October.
• The jobs have increased in Manitoba, Newfoundland and Labrador, Ontario, Prince Edward Island, Quebec, and Saskatchewan.
• The average hourly wages of the employees have remained at 5 percent for the last 5 months.

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Canada adds up jobs in October

According to Statistics Canada, the country has added up 108,000 more jobs. Employment is maximized in certain industries, led by Food services, Construction and accommodation, and Manufacturing. Foreign immigrants were getting profited to get these jobs.

 

Compared to the workforce employees’ survey in 2006, the employment rate for immigrants who are 15 years old or above was high in October 2022.

 

The employment rate increased by 5.6% in October compared to the immigrants who were admitted to Canada in the last 5 years. The current unemployment rate is remaining the same at 5.2% in October, though there was a growing number of employees of 110,000.

 

Most of the growth of the jobs in Canada in October was from the private sector.

 

The employment among core working ages between 25 to 54 has increased whereas the Gen Zers, older workers, baby boomers, and young workers' job numbers remain the same.

 

The growth in jobs was observed in the following six provinces in October:

• Ontario
• Quebec
• Prince Edward Island
• Newfoundland and Labrador
• Saskatchewan
• Manitoba

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Provinces that added jobs - Ontario and Quebec

The table below shows the provinces that have added jobs in certain industries

 

Province / Area	Increase in jobs	Increase in Job in percentage	Industries that have growth in jobs	Unemployment rate in percentage
Ontario	43,000	0.6	Accommodation, food services, professional, scientific and technical services	5.9
Toronto	31,000	0.9	Accommodation, food services, professional, scientific and technical services	6.3
Francophone, Quebec	28,000	0.6	Construction, Finance, Insurance, Real estates, rental and leasing.	4.1
Prince Edward Island	4,300	5.3	Rebuilding homes, roads and other infrastructure	5.9

 

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Also read…

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Jobs growth in provinces Manitoba, Newfoundland & Labrador, PEI, and Saskatchewan

The jobs that have grown in provinces increased in October.

 

Provinces	Jobs are up by
Manitoba	4,600
Newfoundland and Labrador	3,300
Saskatchewan	6,100

 

Canadian employers have been attracting immigrants by upping wages as they have severe workforce shortages. The average hourly wages of the employees remained above 5% for the consecutive 5th month in October.

 

Also read…

Canada PNP Immigration results for October 2022

 

Economic immigration pathways for foreign immigrants

Employers in Canada attract workers using economic immigration pathways to recruit foreign immigrants.

• Temporary Foreign Worker Program (TFWP)
• The International Mobility Program (IMP)

Employers can also immigrate using the Global Talent Stream (GTS), which is a part of the TFWP. The normal processing situations under this stream will lead you to get granted work permits in Canada and visa application processing within 2-weeks.

 

Employers can get foreign nationals to fill the unoccupied jobs through the economic immigration process Express Entry system for which the applications need to be submitted online. Express Entry is further classified into pathways:

• The Federal Skilled Worker Program (FSWP),
• Federal Skilled Trades Program (FSTP), and
• Canada Experience Class Program (CEC)

These pathways draw the candidates from the Express Entry pool. The candidates with the necessary Comprehensive Ranking System scores will be sent Invitations to Apply (ITAs) in the regular draws.

 

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Also Read: Canada targets 1.5 million migrants by 2025

Web Story: Most Canadian provinces added more than 108,000 jobs in October