Immigration and visa Consultant

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Canada Unemployment rate among immigrants is the
lowest of any August on record

• https//www.esseindia.com/

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As more Canadians reach retirement age and exit
the labour force, immigration becomes
particularly important in supporting labour force
growth. Labour Force Survey, August 2022.

• Statistics Canada has released its Labour Force
  Survey (LFS) for the month of August 2022.
• For the first time since data became available in
  2015, there were fewer unemployed people
  (989,000) than job vacancies (1,038,000) in
  Canada. This is a huge revelation for job
  seekers, with over a third (38) of businesses
  expecting that recruitment of skilled employees
  would be a challenge in the next three months.
  Per the LFS, employment declined by 40,000 jobs,
  while the unemployment rate rose by 0.5
  percentage points to 5.4 nationally the first
  time the unemployment rate has risen in seven
  months.

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• Employment was specifically down in the provinces
  of British Columbia, Manitoba, and Nova Scotia
  while employment increased in Quebec.
• Schedule a Free Work Permit Consultation with the
  Cohen Immigration Law Firm

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 A strong immigrant base 

• Statistics Canada noted that the unemployment
  rate among immigrants was the lowest that it has
  been on any August on record (since data became
  available in 2006)down to just 7.6.
• According to the survey, as of August 2022
  immigrants accounted for 875,000 people within
  the Canadian labour force, disproportionally so
  in metropolitan centers like Toronto and
  Montreal.

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 Why are job vacancies so high, and why are
immigrants doing better in the labour market?

• The number of Canadians that are considering a
  change of job is on the rise. In January 2022,
  the proportion of permanent employees (according
  to the LFS) who were planning to leave their job
  within the next 12 months was 6.4 in August
  2022, that percentage had increased to
  11.9almost doubling in the six months since the
  survey data was initially collected. Changing
  careers remained the most popular reason for
  planning to leave a job in August.

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• Another contributing factor, however, is the
  number of Canadians reaching retirement age, and
  stepping away from the workforce. According to
  Statistics Canada, 307,000 Canadians left their
  jobs in August, to retire at some point during
  the year. With an aging population comprising a
  greater amount of the population in Canada, this
  will likely be a continuing problem in the coming
  years.
• Both of these factors lend themselves to the
  observed success of immigrants in Canadas labour
  market in August.

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What does this mean for immigration hopefuls?

• As job vacancies continue to rise with
  unemployment rates, and an aging citizenry
  continues to make up a disproportionate amount of
  the population, Canadas immigrants may have a
  larger role to play in the labour market in the
  coming years should conditions persist. In fact,
  the LFS takes the time to note this
• In recent years, as more and more Canadians have
  reached retirement age and exited the labour
  force, immigration has been particularly
  important in supporting labour force growth.

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• Canadas economic immigration streams remain by
  far the most popular, as the country has
  historically looked to solve many of its labour
  market demands through immigrationgiving rise to
  the Express Entry managed programs (Federal
  Skilled Workers Program (FSWP), Federal Skilled
  Trades Program (FSTP), and the Canadian
  Experience Class (CEC)), in addition to the
  Provincial Nominee Program (PNP).
• This year Canada is projected to welcome 431,000
  immigrants, and for the first time is on track to
  welcome more applicants through PNP this year
  than all Express Entry managed programs combined.

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• Click here to fill out the free immigration
  assessment form below and receive a response
  within 24 hours to see if you are eligible. It
  takes approximately 5-7 minutes to complete the
  assessment form. We will contact you within 1
  business day to let you know if we can help you. 
• If you are looking for more information about
  immigrating to Canada please call me.
• Contact No. 011 41673029 Mail Id
  info_at_esseindia.com
• Address Building No.5, 3rd Floor, Kehar Singh
  Estate, Westend Marg, Lane-2 Saidulajab, Saket,
  New Delhi, 110030

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Thank You