Bank of Canada Governor talks about using immigration to balance the national labour market Over the first two weeks of November 2022, Bank of Canada Governor Tiff Macklem spoke publicly twice about how Canada can use immigration to help fight against inflation and balance the country’s labour market. In two recent speeches on November 10th and 14th, Bank of Canada (BoC) Governor Tiff Macklem spoke to attendees and the media about how immigration may be the key to achieving labour market stability and correcting the course of inflation. By Vimal Sivakumar
Express Entry candidates will be impacted by NOC changes implemented today IRCC is switching to the NOC 2021 system today. Here’s what you need to know before that change takes effect. Immigration, Refugees and Citizenship Canada (IRCC) will be transitioning to the 2021 version of the National Occupation Classification (NOC) system today, a change that has been in the works since the announcement on July 27. By Vimal Sivakumar
Statistics Canada data shows that immigrants have a high rate of employment The rate of unemployment is unchanged from September but there have been increases in the number of full-time jobs. Statistics Canada has released the Labour Force Survey data for October 2022. Overall, the rate of unemployment has recovered from increases over May-September but is still consistent with September at 5.2%. By Edana Robitaille
Canada’s job vacancies reach record high in healthcare and social assistance sectors The Statistics Canada report on payroll employment and job vacancies for August shows 152,000 vacant healthcare positions. Statistics Canada has released its report on payroll employment, earnings and hours, and job vacancies for August 2022. By Edana Robitaille
Canada’s service sectors see employment growth as job vacancies remain steady Job vacancies stayed high in July 2022, with payroll employment continuing to rise. Statistic Canada recently released their analysis of the July 2022 labour market. Canada continues to have record-breaking job vacancies, seeing 964,000 vacancies in July 2022. By Asheesh Moosapeta
Employment rises as Canada’s labour force shrinks slightly While Canada is seeing an uptick of employment and a slight decline in unemployment, the domestic labour market continues to shrink. The national unemployment rate fell by 0.2% to 5.2% in September. Statistics Canada’s September Labour Force Survey revealed positive trends in the labour market around employment, while concerns loomed in the background regarding an aging population and ever-increasing retiree exits from the workforce. By Asheesh Moosapeta
Canada to allow international students to work off-campus over 20 hours per week Immigration Minister Sean Fraser has announced a new temporary measure aimed at alleviating Canada's historic labour shortages. Fraser says this will allow over 500,000 international students already in Canada to potentially work more hours. From November 15, 2022 until December 31, 2023, international students who are in Canada and have off-campus work authorization on their study permit will be allowed to work over 20 hours per week off-campus while class is in session. By Kareem El-Assal
Canadian job vacancies have reached another all-time high Statistics Canada says the job vacancy rate stands at 5.7% for the second quarter of 2022. Statistics Canada has released results of the Job Vacancy and Wage Survey report for the second quarter of 2022. Overall, vacancies were up 4.7% from the first quarter of 2022 and 42.3% higher than the second quarter of 2021. By Edana Robitaille
Canadian job vacancies continue climbing to new record heights in June A snapshot of job vacancies across Canada for June 2022. Statistics Canada recently released its monthly update on payroll employment, earnings and hours, and job vacancies for June 2022. By Vimal Sivakumar
