Canada advances to recovery in October 2020

Canada has been battling the COVID-19 pandemic with zeal. Even while many of its provinces re-imposed COVID-19 restrictions owing to the second wave of infections, Canada went on to add 83,600 jobs in October 2020.

Compared to September 2020, the unemployment rate reduced 0.1% to 8.9% in October 2020. The following is the summary of the increase in jobs of different types.

The following is the number of jobs added in October 2020 in different job sectors.

Labor Force Survey Highlights
Unemployment rate	8.90%
Employment rate	59.40%
Labor force participation rate	65.20%
Number unemployed	1,816,000
Number working	18,553,500
Youth (15-24) unemployment rate	18.80%
Men (over 25) unemployment rate	7.80%
Women (over 25) unemployment rate	6.80%

Provincial Canada performance An increase in employment was seen in the provinces of PEI, Newfoundland & Labrador, Alberta, Ontario, British Columbia.

Employment levels in October 2020
New Brunswick	-2.3%
Manitoba	-2.1%
Newfoundland	-0.5%

British Columbia had an employment growth by 34,000 jobs (+1.4%). Ontario registered and employment growth by 31,000 (+0.4%). Canada’s provinces – Unemployment rates If you are looking to Study, Work, Visit, Invest or Migrate to Canada, talk to Y-Axis, the World’s No.1 Immigration & Visa Company. If you found this blog engaging, you may also like… Canada selects the best 4,500 from eligible immigrants