Canadian labor market statistics for November 2022

In this article, a summary of the general trend of Canadian employment in November 2022 is going to be reviewed. Plus a summary of the country’s employment 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 employment.The statistics provided are the latest employment results among Canadian immigrants. These data were released after the announcement of the latest immigration program by the Canadian government. During this program, Canada is supposed to accept 1.5 million immigrants between 2023 and 2025, which is completely unprecedented.Among people who immigrated to Canada in the last 5 years, women experienced an employment rate of 69.7% in November 2022. These statistics are the highest job growth rate in November in the last 16 years.The employment rate among Canadians of middle working age rose 0.8 percentage points from last year to 84.7 per cent in November 2022. It also increased employment among Canadian women.The group now has an employment rate of 81.6 percent, which is the previous high of 81.4 percent set in May 2022. The employment rate for working-age men now stands at 87.8 percent.

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General employment trends across Canada

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

Employment 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, different regions experienced mixed results.For example, employment 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 presented below.

Quebec:

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

Prince Edward Island:

Overall employment fell 1.7 percent, pushing the unemployment rate to 6.8 percent.

Newfoundland and Labrador:

Total employment fell 1.5%, although the unemployment rate remained relatively steady at 10.7%.

Manitoba:

Employment fell 0.8 percent, but the provincial unemployment rate remained steady at 4.4 percent.

Alberta:

With a decrease of 0.6% in employment, the unemployment rate increased to 5.8%.

British Columbia:

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

Ontario:

The unemployment rate across the province decreased by 0.4 percent (to 5.5 percent).

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Employment trends by industry

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

A look ahead for Canada

The employment results noted above by industry explain why Provincial Nominee Programs (PNPs) across the country are becoming increasingly important in immigration to Canada. Given that Canada is expected to continue to target more foreign nationals through the PNP than through Express Entry, it is clear that the government 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 implement changes to the Express Entry lotteries (the federal government’s primary method of bringing skilled foreign workers to Canada through permanent residency) starting early next year.Beginning in the first quarter of 2023, Canada is expected to begin Express Entry lotteries targeting foreign nationals working in specific occupations or those with specific language skills/educational backgrounds. Canada also recently 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 country’s labor market, improve job forecasting and better supply the workforce. Demand analysis also allows for more focused job training and skills development for Canadians and foreign nationals.These changes will ultimately help Canada bring more employable immigrants with specific skills to better manage the specific needs of the regional labor market, particularly in labor intensive industries.