{"id":102411,"date":"2022-08-09T16:24:47","date_gmt":"2022-08-09T20:24:47","guid":{"rendered":"https:\/\/immigration.ca\/canada-maintains-historic-low-unemployment-of-4-9"},"modified":"2022-08-09T16:24:47","modified_gmt":"2022-08-09T20:24:47","slug":"canada-maintains-historic-low-unemployment-of-4-9","status":"publish","type":"post","link":"https:\/\/immigration.ca\/fr\/canada-maintains-historic-low-unemployment-of-4-9\/","title":{"rendered":"Canada Maintains Historic Low Unemployment Of 4.9%"},"content":{"rendered":"

A labour shortage with a record-setting number of available jobs and too few workers to fill them continues to plague Canadian employers, the latest Statistics Canada data reveals.<\/p>\n

In its Labour Force Survey, July 2022<\/i>, the statistical and demographic services agency of the federal government reported self-employment is up by 1.3 per cent, or 34,000 workers while the public sector shed 51,000 jobs, or 1.2 per cent of that workforce, in July.\u00a0<\/span><\/p>\n

\n

What Are The Labour Force Survey Highlights?<\/h3>\n\n\n\n\n\n\n\n\n\n\n
Unemployment rate (%)<\/b><\/td>\n4.9<\/td>\n<\/tr>\n
Employment rate (%)<\/b><\/td>\n61.6<\/td>\n<\/tr>\n
Labour force participation rate (%)<\/b><\/td>\n64.7<\/td>\n<\/tr>\n
Number unemployed<\/b><\/td>\n1,007,100<\/td>\n<\/tr>\n
Number working<\/b><\/td>\n19,566,500<\/td>\n<\/tr>\n
Youth (15-24) unemployment rate (%)<\/b><\/td>\n9.2<\/td>\n<\/tr>\n
Men (over 25) unemployment rate (%)<\/b><\/td>\n4.2<\/td>\n<\/tr>\n
Women (over 25) unemployment rate (%)<\/b><\/td>\n4.2<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: Statistics Canada<\/b><\/p>\n

\n

\u201cThe number of private sector employees was little changed,\u201d reports Statistics Canada.<\/p>\n

In July, the job pictures improved marginally for older men but slumped somewhat for women.<\/p>\n

\u201cEmployment fell among women aged 55 and older by 33,000 jobs, a drop of 1.7 per cent, and women aged 25 to 54 saw a loss of 31,000 jobs, down half a percentage point in July,\u201d notes the agency\u2019s report.<\/p>\n

\n

Read More<\/b><\/p>\n

Opening A Bank Account As A Newcomer To Canada: All You Need To Know<\/a>
\nHow Canada\u2019s Overhauled National Occupational Classification Will Affect Express Entry<\/a>
\nOntario Vows to Reduce Barriers for Foreign Nurses to Work in Canada<\/a><\/p>\n

\n

\u00ab\u00a0For men aged 55 and older, employment rose by 32,000 jobs or 1.4 per cent. It was little changed among youth aged 15 to 24 and men aged 25 to 54.\u201d<\/p>\n

In the services-producing sector, employment fell by 53,000, a drop of 0.3 per cent in July, with losses spread across several industries, including wholesale and retail trade, healthcare and social assistance, and educational services.<\/p>\n

\n

If you are a candidate looking for a Canada job, or an employer looking to recruit foreign talent from abroad, immigration.ca can help. Access our expertise through our in-house recruitment enterprises,\u00a0<\/b>www.skilledworker.com<\/b><\/a>\u00a0and our newest asset,\u00a0<\/b>www.skilledworker.com<\/b><\/a>, \u201cthe leader in foreign recruitment\u201d.<\/b><\/p>\n

\n

Long-term unemployment dropped again for the third straight month in July and the unemployment rate held steady at 4.9 per cent, matching the historic low reached in June.<\/p>\n

Despite the latest bump up in self-employment, that work arrangement remains 7.4 per cent below its pre-pandemic February 2020 level. Self-employment accounted for 13.6 per cent of employment in July, 1.6 percentage points less than the average from 2017 to 2019 of 15.2 per cent.<\/p>\n

\n

Watch Video<\/b><\/p>\n