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Best Performing Canadian Cities For Employment Revealed: New Report

Canada’s best provinces and cities for post-Covid-19 labour market recovery have been revealed in a new Bank of Montreal report.

“Canadian employment rose a strong 240,000 in the fourth quarter of 2021, from September to December, leaving total jobs now more than one per cent above pre-COVID levels, and up 4.8 per cent from a year ago,”

notes Band of Montreal senior economist Robert Kavcic.

In his latest Regional Labour Market Report Card: Job Recovery Broadens, the BMO’s director of economics reports that Canada’s jobless rate closed off the year at 5.9 per cent.

Ontario Top Province For Job Recovery, Guelph Top City

“Regionally, seven of 10 provinces have now seen a full employment recovery, or better,”

notes Kavcic.

“Despite waves of restrictions, employment in Ontario is 2.1 per cent above the pre-COVID mark, the strongest recovery in the country along with B.C.”

The top 10 best performing cities in terms of their labour market during the last quarter of the year were:

London, and;

The BMO’s latest labour market report jibes with Statistics Canada’s Payroll Employment, Earnings And Hours, And Job Vacancies, December 2021, which noted there were 896,100 job vacancies in Canada at the start of December, 2.5 per cent or 21,400, higher than at the beginning of November.

“While the number of vacancies remained below the recent peak of 988,300 observed in September 2021, there were 87.9 per cent more vacancies in December 2021 than in December 2020,”

noted the statistical and demographic services agency.

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