Canadian labor market statistics for November 2022

In this article, a summary of the general trend of Canadian employme in November 2022 is going to be reviewed. Plus a summary of the coury’s employme results by gender as reported in the latest Labor Force Survey.

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According to the latest Labor Force Survey (November 2022) released by Statistics Canada, women between the ages of 25 and 54 (considered prime working age) experienced a 0.4% increase in employme.The statistics provided are the latest employme results among Canadian immigras. These data were released after the announceme of the latest immigration program by the Canadian governme. During this program, Canada is supposed to accept 1.5 million immigras between 2023 and 2025, which is completely unprecedeed.Among people who immigrated to Canada in the last 5 years, women experienced an employme rate of 69.7% in November 2022. These statistics are the highest job growth rate in November in the last 16 years.The employme rate among Canadians of middle working age rose 0.8 perceage pois from last year to 84.7 per ce in November 2022. It also increased employme among Canadian women.The group now has an employme rate of 81.6 perce, which is the previous high of 81.4 perce set in May 2022. The employme rate for working-age men now stands at 87.8 perce.

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General employme trends across Canada

Looking more broadly at employme in Canada, November 2022 saw an increase of 10,000 jobs across the coury. The national unemployme rate in Canada decreased by 0.1 pois to 5.1%. Canada’s employme participation rate also fell to 64.8% in November.Despite this relatively modest growth in employme, “median hourly wages for workers remained above 5% (to $32.11) for the sixth consecutive moh from November 2021 to November this year.” If you work in Canada, you also see the poteial to increase your income over time.

Employme trends by Canadian provinces

Newcomers to Canada consider many factors when choosing where to live, including where they can find the most job opportunities. The latest Labor Force Survey shows that across Canada’s 13 provinces and territories, differe regions experienced mixed results.For example, employme increased in Quebec, but saw a decrease in five other provinces, while minor changes were seen in four provinces and three Canadian territories. These results are preseed below.

Quebec:

Overall employme in the province increased by nearly 28,000 jobs, while Quebec’s provincial unemployme rate “hit a new record low of 3.8%” in November 2022. Most of the reported job gains were concerated in Moreal, where employme in the province increased by 1.1%, according to statistics.

Prince Edward Island:

Overall employme fell 1.7 perce, pushing the unemployme rate to 6.8 perce.

Newfoundland and Labrador:

Total employme fell 1.5%, although the unemployme rate remained relatively steady at 10.7%.

Manitoba:

Employme fell 0.8 perce, but the provincial unemployme rate remained steady at 4.4 perce.

Alberta:

With a decrease of 0.6% in employme, the unemployme rate increased to 5.8%.

British Columbia:

Total employme in this province decreased by 0.5% in November. All the losses were felt in the part-time employme sector.

Oario:

The unemployme rate across the province decreased by 0.4 perce (to 5.5 perce).

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Employme trends by industry

Employme increased across Canada in the following industries: Finance, insurance, real estate, real and leasing, manufacturing, information, culture and eertainme (ICR).“The number of people employed in finance, insurance, real estate, reing and leasing increased by 21,000 in November,” while 11.2 per ce of Canadians employed were employed in the retail industry.Manufacturing employme rose 1.1% across Canada in November 2022. The increase was most notable in Alberta, where manufacturing employme rose 4.7 perce. Another notable employme increase for this industry was in Quebec, as the province saw more than 10,000 manufacturing jobs.ICR industry employme rose 1.9 perce in November and 4.5 perce from a year ago.Conversely, total employme across Canada declined in the construction industry as well as wholesale and retail trade.Construction employme across Canada has decreased by 1.6% since the last Labor Force Survey in October 2022.This decrease was more evide in Alberta and British Columbia. Employme in wholesale and retail trade also decreased in November, and this sector, which has experienced a 4.4 perce decrease since May 2022, also decreased by 0.8 perce this moh. Most of the decline experienced by the industry occurred in Oario and Alberta.Employme in Canada’s professional, scieific and technical services industries also fell by 0.8 per ce across Canada in November 2022, with the information and communications technology sector down 3.8 per ce in annual employme, down 34,000 from November last year.

A look ahead for Canada

The employme results noted above by industry explain why Provincial Nominee Programs (PNPs) across the coury are becoming increasingly importa in immigration to Canada. Given that Canada is expected to coinue to target more foreign nationals through the PNP than through Express Ery, it is clear that the governme is making more efforts to address specific labor market gaps in all Canadian regions that have a PNP. .Industry-specific job changes are also the reason Canada is expected to impleme changes to the Express Ery lotteries (the federal governme’s primary method of bringing skilled foreign workers to Canada through permane residency) starting early next year.Beginning in the first quarter of 2023, Canada is expected to begin Express Ery lotteries targeting foreign nationals working in specific occupations or those with specific language skills/educational backgrounds. Canada also recely switched from the 2016 NOC system to the new Education, Experience and Responsibility (TEER) system. This new system will allow Canada to better understand the coury’s labor market, improve job forecasting and better supply the workforce. Demand analysis also allows for more focused job training and skills developme for Canadians and foreign nationals.These changes will ultimately help Canada bring more employable immigras with specific skills to better manage the specific needs of the regional labor market, particularly in labor iensive industries.