Canada's unemployment rate falls to new record low of 5.2%

Canada has recorded the lowest unemployment rate of 5.2 percent during April month.

According to the Canada Labor Force survey, statistics have been released stating that there has been a massive increase in the unemployment rate in the last two months.

Among all the provinces in Canada, Quebec had a massive fall in unemployment of 3.9 percent, and it is the lowest of all provinces. This indicates that the French-speaking province has a huge requirement in the labor markets. The employment rate for Canada in April was 61.9 percent.

*Check your eligibility to Canada through Y-Axis Canada Immigration point’s calculator.

Unemployment rate

The unemployment rate for people between the ages of 25 -54 years has fallen to 4.3 percent, recorded as the lowest since 1976. The Employment rate for the young people between the ages 15 - 24 and for the Older aged people with age 55 years has been steady with no increment or decrement for April.

Women in the age group, 15-54 years of age, have a rise by 43000 jobs whereas there has been a decrease of 36000 in recruiting men.

Categories	In percentage (%)
Employment rate	61.9
Unemployment rate	5.2
Number of working people	19,600,500
Number of unemployed people	1,085,800
Labour force rate	65.3
Women’s unemployment rate over 25 years of age	4.5
Men’s unemployment rate over 25 years of age	4.5
Youth unemployment rate between 15 years to 25 years of age	10.1

Are you looking for Canadian PR then get expert guidance from Y-Axis Canada overseas immigration professionals.  

Jobs in Canada provinces

• Though there is a decrease in 26,500 jobs in the Quebec province, the unemployment rate continues to fall. This fall is seen primarily in the Educational and Construction sectors.
• There has been an increase in employment by 6,700 jobs in New Brunswick province by crossing the pre-COVID level for the first time after the pandemic relaxations. With this, the New Brunswick province's unemployment rate has dropped to 7 percent.
• Additionally, the provinces of Atlantic Canada and Nova Scotia have gained employment with 5900 jobs by recording the unemployment rate to be 6 percent. During the same month, April, the province of Newfoundland and Labrador have added 2500 jobs, which means the unemployment rate rose to 10.8 percent.
• Alberta tops the list to see an increase in adding 16,000 jobs since December 2021. With this increase in employment, the Alberta province sees a notable decrease in the unemployment rate from 0.6 percent to 5.9 percent. The wholesale and retail industries have played an essential role in adding these jobs since 2021.
• The Ontario province has seen an increase in employment, with 14,300 jobs added against an unemployment rate of 5.4 percent.

For more updates on Canadian immigration and many more, click here…

The Canadian provinces and their unemployment rates

Name of the provinces	Jobs that changed in April month	Rate of Unemployment in percentage
Alberta	16,000	5.9
British Columbia	-2,000	5.4
Manitoba	-500	5.0
New Brunswick	6,700	7.0
Nova Scotia	5,900	6.0
Newfoundland & Labrador	2,500	10.8
Ontario	14,300	5.4
Prince Edward Island	-200	8.1
Quebec	-26,500	3.9
Saskatchewan	-900	5.5
Canada	15,300	5.2

Do you want work in Canada? Speak to Y-Axis overseas Canada immigration career consultant for expert guidance.

Jobs in Canada by industry

There was a massive requirement for jobs for scientific, professional, and technical services during April. These industries initially had 15,000 jobs, which has increased to 121,000 jobs in the last year. This increased rate is 7.3 percent, becoming the biggest number in overall employment growth.

The public administration sector has also added 17,000 jobs for the second consecutive month, especially Quebec province. Other industries are also seeing an increase in employment in Federal, Territorial, provincial, local, and few Indigenous governments. Also, Courts and protective services are seeing a mild fall in unemployment.

Do you have a dream to migrate to Canada? Talk to Y-Axis Canada overseas migration consultant.

Also Read: British Columbia, Quebec and the Yukon hit hardest by Canada manpower shortages Web Story: Canada recorded a low unemployment rate in April