The latest reports indicate that Canada‘s employme rate has dropped in the middle of the third wave of Corona in this coury.
With the coinuation of the corona restrictions in order to maiain the health and safety of Canadians against the corona virus, Canada’s employme rate decreased for the second time in a moh. Statistics Canada’s latest report from May 9 to May 15 examines labor market conditions and changes by demographics and geographic region.
Canada lost 68,000 jobs in May, about 79% of which were part-time. The provinces of Oario and Nova Scotia have had the largest share in these unemploymes because the special corona measures in these two provinces have caused the closure of many unnecessary businesses.
Earlier this moh, both Alberta and Manitoba closed personal care services, recreation ceers and restauras. They also limited the capacity of retail stores and closed classroom classes in schools. New Brunswick and Quebec were among the pioneers in having corona restrictions.
Reducing the employme rate of new immigras to Canada
The employme rate of new immigras to Canada, which includes immigras who came to Canada within the last five years, decreased by 2.1 perce. This is while the employme rate of people born in Canada has decreased by 2% even compared to the rate of the pre-corona period.
The employme rate of immigras who came to Canada only within the last five years was 11.2% lower in May than in February 2020. The population of this category of immigras has decreased by 15% due to the corona restrictions, and as a result, the rate of immigration to Canada has reached its lowest level since 1998.
Since the population of immigras in Lorud has decreased more severely than their employme rate, the employme rate of this category of immigras has coinued to rise and has increased by 2.8% compared to February 2020.
Unemployme is high among Canada’s visible minorities
Canada’s overall unemployme rate was little changed at 8.2 perce, but unemployme rates were higher among racial minority groups.
The unemployme rate of Canada’s visible minority has increased to 11.4%, while the unemployme rate of white Canadians has been 7%. The unemployme rate of the Asian minority has increased the most. According to the report, Chinese Canadians have the highest unemployme rate. Among Canadians of South Asian desce, the unemployme rate is 10.8%, and the unemployme rate of Canadians of Filipino desce is 10%.
The increase in the unemployme rate of Asian Canadians, especially the Chinese, is due to the Corona epidemic and the increase in racial tensions against Asians. Ai-Chinese and ai-Asian seimes have increased in Canada since the corona virus was discovered. In Vancouver alone, hate speech against Asians has grown by 717%.
Stude employme rate in Canada
Stude employme in Canada 2021 has been better than Canada 2020, but still lags behind 2019. Last moh, the unemployme rate of youth between 15 and 24 years old was 3.1%, while in May 2020 this figure was 40% and in May 2019 this figure was 13.7%.
As Statistics Canada has announced, returning studes are young people between the ages of 15 and 24 who studied full-time in March and iend to coinue their studies in September.
The future of the Canadian economy in the summer of 2021
Canada’s economy is expected to improve in June, this moh. With the end of the third wave of Corona and the vaccination of more Canadians, the restrictions will be lifted. Oario has lifted its stay-at-home order; British Columbia has also resumed many indoor and outdoor activities, and Quebec has also canceled the nighttime quaraine.
Canada had a significa economic recovery in the summer of 2020. The difference between May and June last year in terms of job opportunities was 1000. Now that about 75% of Canadians are expected to be vaccinated by the end of June 2021, we can consider a normal summer for the Canadian economy.
