According to a recent survey, the employment rate in July of this year was 77.7%, meaning that newly arrived immigrants in Canada have better employment prospects this year than they did in the pre-pandemic period.
Employment growth is closely related to historically high immigration levels, claims Statistics Canada.
According to data, the country’s employment rate was 2 points, 3 percent lower in July than it was in the same months last year.
Divine Associates ltd notes that the rate was higher than it had been prior to the
pandemic according to Statistics Canada:
“The employment rate of core-aged recent immigrants—those who had become landed immigrants in the previous five years—was 77% in July, down 23% from July 2022 (80%).”
According to Statistics Canada, even though the number of immigrants who found employment in the country decreased year over year, the employment rate was still higher in July 2023 than it was in 2019 and the years prior. Between 2017 and 2019, the average employment rate for immigrants was 70 point 8 percent, a 6 point 9 percent decline from July of this year.
The employment rate for core-aged recent immigrants in July 2023 was higher than it
was prior to the COVID-19 pandemic; the average rate for this group in July from 2017 to 2019 was 70.8 percent, according to a statement from Statistics Canada.
The unemployment rate for this year increased by 0.1 percent to 0.5 percent in July after increasing by 0.2 percent in May and June, according to data that’s a slight decline though, and it didn’t have a big impact on the major industries.
For young females between the ages of 15 and 24, the unemployment rate rose significantly in July 2023.
Women of core age and women over the age of 55 both saw an increase in the unemployment rate.
In contrast, the employment rate for men in the same age groups did not significantly change in July 2023.
In terms of salaries, Statistics Canada showed that the average hourly salaries increased by 5.0 percent on an annual basis.
Further information reveals that the employment rate in the provinces rose in July 2023.
During the month of July,
- Employment increased by 12,000 in Alberta,
- 4,200 in New Brunswick
- 1,500 in Prince Edward Island.
- Saskatchewan and Manitoba saw a decline in the employment rate.
There was little change in the other provinces.