More jobs added in Canada that shows economic recovery

Canada’s economy is continuously recovering & more people returning to work in this COVID-19 pandemic. Nearly 3 million people had gone through the unemployment situation during the lockdowns in March to contain the spread of the coronavirus. But now many of them are back to work with a casual & safe routine.

The recent release (on Friday 04^th Sep.) of the August Labour Force Survey showed that the step taken by the government of Canada towards easing public health restrictions has added more jobs in the market in general as well as for immigrants.

Ultimately the statistics of the result shows,

“In August, employment rose 1.4% for Canadians, rising to within 5.7% of pre-COVID levels.  Meanwhile, employment for landed immigrants was up 1.6% while employment for recent immigrants was up 2.2%, an increase driven mainly by the reduction in the population of recent immigrants due to lower newcomer arrivals during the pandemic.”  

Most of the job additions were full-time positions & growth of employment was also noticeably climbed about +1.5% in the service sector against the goods-producing sector.

Such growth included the service sectors i.e.  Educational services, accommodation, and food services with the inclusion of smaller services like hard-hit hair and beauty salons.

Similarly, the goods production sector has grown in manufacturing & that too was partially offset by declines in natural resources.

In correspondence with great news for all Canadians, a divergence draws breath in the job market. The participation of men labour force rate is now within 0.2% of pre-COVID levels and the women labour force rate is 1.3% below pre-COVIS levels. This is a sign of women’s non-engagement to employment-related activities such as child-care.

The higher unemployment rate is still the same for visible minorities against people who are not counted in a visible minority group.  Canada’s national unemployment rate is 11.1% (not seasonally adjusted) compared to 17.9% for Arabs, 17.6% for Black, and 16.6% for Southeast Asian populations.

Workers with lower pay and youth have employment levels only 86.0% of February levels, yet others have returned to pre-COVID levels (99.1% of February employment levels). This step is for sure taken for the lower pay employment in hard-hit services-producing industries.

In the end, it shows good improvement in the economic condition and Canada is moving in the right direction. This month 1.9 million jobs have been added and in total 246,000 jobs were created in August. Before that 419,000 jobs were added in July & 1.2 million were recovered in May and June.