Canada’s economy recovers 94,000 jobs in July

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Canada’s economy recovers 94,000 jobs in July

Statistics Canada finds immigrant participation in the labor market is approaching 2019 levels

Employment rate for very recent immigrants continues to climb

Statistics Canada refers to immigrants who have landed within the past five years as “very recent” immigrants. The numbers in this group have taken a hit since the border closed in March 2020.

The employment rate for very recent immigrants has been on an upward trend throughout the pandemic, because their numbers are falling faster than their employment rate. In other words, they are not necessarily getting employed more often than they were in per-pandemic times.

In July, the employment rate for very recent immigrants was up to 69.1 per cent, up one percentage point from June.

However, this year, the number of very recent immigrants participating in the labour force has returned to 2019 levels, making up almost 4 per cent of the total labour force between January and July.

Immigration in Canada is oftentimes discussed as a strategy to address Canada’s demographic challenges. Canada has an aging population, and a low birthrate. These elements combined mean that the labour force is shrinking, and there is not enough natural growth to make up for the losses. Without immigration, and other strategies to support labour market gaps, Canada’s economy will not remain as internationally competitive in the long run. https://b788cc1599a8c5bcf05d2357ee07796e.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

Travel restrictions did start to ease at the end of June, when the border reopened to approved permanent residents. That month, Canada welcomed 35,700 new permanent residents, more than any month during the pandemic. The number of new immigrants admitted in July is not yet released.

As travel restrictions ease further, Statistics Canada says its Labour Force Survey will monitor whether the number of new immigrants participating in Canada’s labor market will continue to grow.

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