Canada Lost 6400 Jobs: According to recent reports, inflation in Canada remained below 3% in 2023, while the Canadian labor market is cooling. Statistics Canada unexpectedly reported that Canada lost over 6,400 jobs in 2023, which increased the unemployment rate to 5.5% from 5.4%.
In contrast, many Canadian economists anticipate that their economy will generate 25,000 jobs, whereas a recent report indicates that Canada’s construction and transportation industries lost jobs, whereas the educational and healthcare sectors added 19000 and 25,000 jobs, respectively.
In summary, the Canadian economy is losing jobs, but workers are demanding higher pay (references: Bloomberg and cbc.ca). As a result, some sectors in Canada are no longer producing new jobs, but according to a recent report from Statistics Canada, other sectors, such as healthcare and education, have experienced significant job growth.
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As a result, I believe that this news will have repercussions for all new job seekers, as you may now find it difficult to land a job in Canada in certain industries, such as the construction/transport industry. To combat this, I would recommend that you apply for skill-shortage jobs in Canada so that you can earn higher wages and obtain easy employment, as many professions and occupations in Canada are currently experiencing skill shortages.
People Also Ask:
How many people are unemployed in Canada?
Canada’s unemployment rate is 5.40%, up from 5.20% last month and 4.90% last year. This is lower than the long-term average of 8.08%.
What is the best job for PR in Canada?
Occupations that qualify for permanent residency in Canada are those that fall under the Canadian National Occupational Classification (NOC) skill level. These include occupations such as IT professionals, engineers, healthcare workers, skilled tradespeople, managers, and other high-demand occupations.