New Job Opportunities Created in Canada

Canadian employers successfully added 154,000 new jobs in November. Because of this the unemployment levels fell considerably. The November’s job growth could be seen in almost every province of the country. The areas which observed the highest amounts of job creation are: Ontario, Quebec, Alberta, Nova Scotia, Prince Edward Island and Newfoundland & Labrador. This resulted in a notable fall of unemployment rate to 6% in the latter months of the year.

The Labor Force Survey reflected the status of labor market from the duration of November 7 to 13. This was the same duration when the unemployment rate fell for the sixth consecutive month with a rate of 0.7%. Ontario was on top of the list with the highest employment level creating a total of 421,000 job opportunities since May 2021. The country experienced a job increase majorly in service producing and goods producing sector each having full time and part time employment opportunities.

The survey also revealed that employment for women of the age group 25 to 54 saw a rise till 80% in November in full time employment. Similarly, men aged 25 to 54 also experienced a rise in employment levels till 87% in full time work.

As of now, there is a considerably high amount of labor shortage in industries like

• healthcare,
• retail and,
• hospitality,
• real estate,
• finance and insurance &,
• construction