Economic Recovery: More immigrants employed in September
A snapshot of the Canadian labour force in September shows that employment rates of immigrants continue to grow and that unemployment in Canada is similar to the U.S.
The number of immigrants employed at the Canadian labour force climbed since September saw more people regain jobs at an accelerated rate.
Employment rose 2.1 per cent in September, quickening compared to the 1.4 per cent jump in August, according to the latest Statistics Canada Labour Force Survey. Information in this report has been collected from the labour market throughout the week of September 13 to 19. The accommodation and food services and retail trade businesses stay the furthest behind other businesses from complete recovery.
Employment rate of immigrants hover around pre-COVID amounts
The employment rate of very recent immigrants, who had moved to Canada less than five years back, was little changed at 63.6 percent.
The comparatively low motion is in part because of the decrease quantity of new immigrants coming since travel restrictions went into place.
Immigrants who’d landed in Canada more than five years ago saw a 1.7 per cent growth in employmentup to 57.8 percent in September. Canadian-born workers saw an increase of 0.5 percentage points to 60 percent.
“Immigrants who landed in Canada over five years ago are more likely than very recent immigrants to be employed in industries where employment was relatively less affected by COVID-19,” Statistics Canada composed in the report, list common sectors where immigrants are utilized including health care and social assistance; public administration; as well as financing, insurance, and real estate, rental and leasing.
An earlier Statistics Canada report found these recent immigrants were more likely to eliminate employment in March and April because of their over-representation in low-wage projects. They also were typically newer workers, and therefore more susceptible to layoffs.
U.S. and Canada have similar unemployment rates
When adjusting Canada’s unemployment rate to U.S. theories, both nations saw an unemployment rate of 7.9 per cent in September.
Canada’s September unemployment rate was still 3.3 percentage points greater than pre-COVID levels.
The U.S. unemployment rate was 4.4 per cent greater.
The employment rate examines the number of employed individuals as a proportion of the working-age people.
At 59.7 per cent, the Canadian labour rate was 2.7 percentage points lower than February rates, whereas the U.S. was 56.6 per cent, which will be 2 percentage points lower than February.
ο Reference taken from CIC News
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