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Unemployment Rate Dips In Canada With Employment Regaining Pre-Pandemic Levels

During the month of September, Canada’s economy added 1,57,000 jobs, lowering the unemployment rate within 1% of pre-pandemic levels.

The Labour Force Survey of Statistics Canada covered the Canadian labor market for the week of September 12 to 18. Several provinces have implemented proof-of-vaccination restrictions for non-essential locations such as gyms and restaurants that week. The employment rate is the percentage of the population aged 15 and up who are employed.

As a result of the population increase, Canada’s employment rate in September was 60.9 percent, which was still 0.9 percent lower than the rate in February 2020. In September, the jobless rate fell for the fourth month in a row, to 6.9%, the lowest level since the beginning of the pandemic.

The rate of employment among relatively recent immigrants has been steadily increasing, topping 71% last month. While the general population of newcomers did not increase during the pandemic, the number of very recent arrivals employed in certain industries did. Professional, scientific, and technological services, as well as finance, insurance, real estate, rental, and leasing, are just a few examples. Throughout the pandemic, employment in these two businesses has grown steadily. The employment rate for immigrants who have been in Canada for more than five years was roughly 59 percent, down approximately one percentage point from September 2019.

According to the Xinhua news agency, Canada’s unemployment rate fell for the fourth month in a row in September. In September, employment increased by 1,57,000, or 0.8%, to the level seen in February 2020. In February 2020, the employment rate was 60.9 percent, down 0.9 percentage points from February 2020.

Total hours worked increased by 1.1% but were still 1.5 percent below pre-pandemic levels. In September, there were 4.1 million persons working from home, down from 5.1 million in April 2020. People born in Canada had a 61 percent employment rate, dropping two percentage points over the same time period.

White-collar workers are also ahead of the curve, while blue-collar workers lag behind. For the first time, employment in the services sector surpassed that of the pre-Covid period. Public administration, communications, entertainment, and recreation, as well as professional, scientific, and technical services, all saw gains.

In contrast, several businesses, such as lodging and food services, have yet to return to their February 2020 employment levels. This is partly due to public health regulations having a significant impact on the sector. Employment in the foodservice industry declined for the first time in five months in September. Retail employment has also decreased.

Overall, there was little movement in the goods-producing sector, which has been the case since it lost 94,000 jobs between April and June. The exceptions were manufacturing and natural resources, both of which showed some job increase in September.

Abhishek Shah

Abhishek Shah

I'm a final-year management student at NMIMS, Mumbai.

The power of words and their ability to affect others captivates me that's where my love for writing comes from. Content writing welcomes me with my own mind and gives wings to my thoughts. I'll today and forever love gaining insight by reading and writing and that's the reason I am called the father of scriptwriting in my circle.

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