Canada adds 150,000 new jobs in January 2023, StatCan Reports

Highlights: More jobs in Canada for immigrants

• Canada added 150,000 jobs for international individuals.
• The unemployment rate in Canada is at a record low of 5%.
• The Canadian economy has created an additional 326,000 job vacancies since September.
• Canada is witnessing rapid population growth due to immigration.
• Most immigrants arrive in Canada to study or to work.

*Check your eligibility to Canada through Canada Immigration Points Calculator. Abstract: The Canadian federal government announced an additional 150,000 jobs in Canada. Canada requires international professionals to boost its economy, and new policies are being implemented to attract and welcome more foreign nationals with the needed skills. The unemployment rate is at a record low of 5%, as reported by Statistics Canada. Employment in Canada is growing with each passing day. Its economy generated an additional 150,000 jobs in January. The figure is 10 times more than what was expected. *Wish to work in Canada? Y-Axis offers you assists for a bright future.

Increased number of jobs in Canada

The economy of Canada has generated 326,000 job vacancies since September. At present, the number of employed Canadians is over 20 million. It was predicted that there would be an inclusion of 5,000 new jobs, but Canadian employers added 70,000 job vacancies. Canada is witnessing rapid population growth due to the arrival of immigrants in the country. The survey data shows that most of the immigrants arriving in Canada are international temporary workers and students. The participation rate in the Canadian workforce increased by 0.3% to 65.7%, as the workforce grew by 153,000. *Wish to migrate to Canada? Y-Axis offers you the required guidance. Read More… Highly Skilled Foreign Workers can get Canada LMIA processed in 10 business days Acceptance of PTE scores for Canada PR visa application. Apply now! BC and Ontario paving easier paths for international nurses to work in Canada

Good news for skilled international professionals

Canada is having an unexpected growth in employment. It defied recession forecasts. The average hourly income also grew. In Canada, the average hourly income increased by 4.5 percent in January. The gains in January boosted the employment rate. Individuals in the age group of 15 and above, who are termed as the core working population, increased to 62.5%. The growth was seen both in the private sectors as well as public sectors. The industries of wholesale and retail trade offered the most number of job opportunities. Canada saw an increase in employment in five of its provinces. It includes:

• British Columbia
• Nova Scotia
• Ontario
• Quebec
• Alberta

Read More… What is the difference between the TFWP and IMP, the two pathways for a Canada work permit? With such figures for employment, it is an apt time for international individuals to migrate to Canada for a better future. Want to work in Canada? Contact Y-Axis, the leading Work Abroad Consultant of Australia. If you found this news article helpful, you may want to read… Changes in eligibility for Open Work Permit of Canada for spouse and children from Jan 30, 2023