55,000 new jobs caps a strong year for Canada’s job market

Canada’s job market capped a robust 2021 with the addition of 54,700 internet new jobs, bringing the entire number of new Canadian jobs final 12 months to round 868,000.

After dropping three million jobs initially of the pandemic, employment in Canada is now 240,500 above the place it was in February 2020.

December was the seventh straight month of job development in Canada. The variety of internet new full-time jobs really elevated by 123,000, as many part-time staff transitioned to safer employment — an indication of confidence amongst employers. Certainly, full-time employment in Canada has trended up since June. Half-time employment fell by 68,000 in December.

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The Canadian unemployment fee now stands at 5.9 percent, edging ever nearer to the 5.7 rate of February 2020, proper earlier than the COVID-19 pandemic ravaged Canada’s economic system (and way more besides).

Whereas the most recent spherical of Canadian job development once more exceeded economists’ expectations, it comes with strings hooked up. Statistics Canada compiled the figures by way of the week of December 5 to 11, earlier than Canada witnessed a wave of COVID-19 instances. The impression of recent, Omicron-led restrictions on motion and financial exercise is subsequently more likely to weigh on January’s numbers.

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“With day by day caseloads rising at an unbelievable tempo and provinces tightening the screws on mobility, January labour market figures are more likely to be extra downbeat,” wrote TD Bank senior economist Sri Thanabalasingam in a report.

“Hopefully, the impression of Omicron can be short-lived, permitting the labour market to recuperate shortly in coming months.”

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A powerful finish to 2021

Two provinces — Ontario and Saskatchewan — made up virtually all of December’s job positive factors, whereas the job market was regular nearly in every single place else.

There have been round 27,100 internet new building jobs in December, the primary improve since August because the sector edges again to pre-pandemic employment ranges.

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Instructional companies and manufacturing additionally posted sturdy job positive factors.

Common hourly wages have been up 2.7 per cent year-over-year.

Canada’s job market for newcomers in 2022

Regardless that a slowdown is inevitable as Canada (hopefully) exits the Omicron wave this winter, economists are nonetheless anticipating a robust 2022, with the Canadian unemployment fee anticipated to hold under 6 percent for a lot of the 12 months.

When Omicron dissipates, we are able to anticipate hiring to ramp up. Certainly, Statistics Canada estimates that there have been round a million job vacancies near the tip of 2021.

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In that report, StatsCan famous ‘The record-high job vacancies noticed in latest months has centered consideration on the extent to which unmet labour demand will contribute to upward strain on wages.’

Wages are anticipated to proceed climbing, significantly in additional expert skilled occupations. In an age of creeping inflation, wage development is nice information for staff.

The newcomer benefit

The majority of 2022’s job positive factors can be pushed by newcomers to Canada, moderately than the pandemic unemployed returning to the workforce. The federal authorities once more plans to improve immigration ranges this 12 months to document highs. Employment of native-born Canadians has been flat for nearly a decade as newcomers seize a bigger slice of Canada’s job market.

Folks contemplating a transfer to Canada can seek the advice of this information to establish an applicable immigration pathway.

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Expert sources to help immigrants get jobs in Canada

Canada’s job market offers a wealth of alternative for newcomers, however it’s only that — a possibility.

To take full benefit, latest and potential immigrants can leverage free government-funded sources and applications. We just lately partnered with Canada InfoNet, a government-funded pre-arrival employment assist program, to deliver you two professional guides on transitioning to a profession in Canada:

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The outlook on Canadian building and infrastructure

Canada’s federal price range, launched mid-April, commits greater than $101b to kickstart the post-pandemic economic system, with $26bn devoted to infrastructure gadgets. Manitoba and Saskatchewan additionally just lately solidified their dedication to infrastructure spending, and Ontario introduced greater than $60bn of procurement tasks.

“The pandemic has allowed us all to take inventory and  re-assess our profession paths. It’s thrilling to see candidates pursue radical modifications that they didn’t beforehand have the bravenessto hunt, and the extent of alternative has not often been so sturdy throughout the construction sector.

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Governments on the federal and provincial ranges are doubling-down on infrastructure spending as a brand new period of huge authorities comes into view, at the very least so far as building is worried. This presents large alternatives for immigrants to Canada as employers look far and vast for expertise and expertise.“

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All through the pandemic, Outpost has remained nimble and candidate-focused, capable of finding appropriate roles for motivated candidates. The company works with common contractors, subcontractors, builders, and consultants who’re hiring throughout senior administration, operations, venture administration, website, design, high quality, and business personnel.

Outpost Recruitment is actively searching for candidates for tasks throughout Canada.

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How to get a job in Canada

Regardless of the general public well being disaster and financial downturn, and the nervousness and confusion that will consequence, now is an effective time to be sure you are properly positioned to take benefit when Canada’s economic system recovers.

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  • Get your resume in good shape. This important step is commonly left down the listing of job seekers’ priorities, despite being arguably an important step of all.

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  • Begin looking at open alternatives. Some companies are nonetheless hiring.

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  • Construct your network. You possibly can assemble a group that can assist you in your job search. With ongoing bodily distancing and journey restrictions, technology is your friend here.

Recommended: How to Immigrate to Canada

Be sure  to check out the official Canada Website here.

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