Some 3 million jobs have been lost following lockdowns introduced across Canada in March to contain the spread of the coronavirus. However, more and more people are returning to work.
Results from the August Labor Force Survey released Friday show that the recent easing of public health restrictions has translated into increased employment for Canadians in general and immigrants in particular.
In August, employment rose 1.4% for Canadians, falling to less than 5.7% of pre-COVID levels. At the same time, the employment of landed immigrants increased by 1.6%, while that of recent immigrants increased by 2.2%, an increase mainly due to the reduction in the recent immigrant population due to the decrease in employment. new arrivals during the pandemic.
The vast majority of employment gains were in full-time positions. Employment growth was concentrated in the service sector (+ 1.5%) as opposed to the goods-producing sector.
Growth in the service sector has been concentrated in educational services, accommodation and food services, and the “other services” industry which includes hard-hit hair and beauty salons.
“In the goods-producing sector, gains in manufacturing were partly offset by declining natural resources.” While these gains are great news for all Canadians, there are some disparities in the employment picture.
The participation rate for men is now within 0.2% of pre-COVID levels, while for women it is 1.3% below pre-COVID levels – an indication that many women are engaged in non-employment related activities such as childcare.
Unemployment rates remain higher for visible minorities than for people who are not part of a visible minority group. The national unemployment rate of 11.1% (not seasonally adjusted) compared to 17.9% for Arabs, 17.6% for Blacks, and 16.6% for the populations of Southeast Asia.
Low-wage workers and youth have employment levels of only 86.0% of February levels, while other employees are almost back to pre-COVID levels (99.1% of employment levels in February). This is entirely due to the concentration of low-wage jobs in hard-hit service industries.
As such, there is still a long way to go. Canada has yet to recover 1.1 million jobs that have been lost since the start of the pandemic.
However, this new report shows that Canada’s economic recovery is heading in the right direction. Almost 1.9 million jobs have been recovered in recent months. In addition to the 246,000 jobs created in August, another 419,000 were recovered in July, and 1.2 million were recovered in May and June.
Reference is taken from CIC News
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