Tremendous boost in jobs in Canada; 108,000 jobs added in October 2022

Highlights of Canada adding 108,000 jobs in October 2022

• A highly impressive 108,000 jobs in Canada were added to the country’s economy in October 2022.
• In October 2022, the unemployment rate of Canada stood steady at 5.2 percent, as per a report from Statistics Canada.
• Canadian PM Justin Trudeau has reassured that Canada will be able to withstand the recession looming on the world economy.
• The major economic sectors that saw a rise in employment were accommodation & food services, construction, and manufacturing.
• According to the latest job reports, the annual growth in wages was consistent in the past 5 months.

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Interesting news on job creation in Canada has come out as the latest reports say that Canada added 108,000 jobs to the Canadian economy in October 2022. These jobs in Canada have been created with a steady unemployment rate of 5.2 percent in October 2022, which was reported by Statistics Canada.

Canada is not immune from the impending recession that’s expected all around the world. But Canadian PM Justin Trudeau has reassured that Canada will be in a position to overcome the challenge with its policies and measures taken.

Also read: “We are not short of jobs. We are short of people” – Premier Scott Moe, Saskatchewan, Canada

The gain in jobs in Canada in October 2022 followed a tough time prior to that that challenged the country on its economic front. The major industries in Canada that recorded rising employment were accommodation & food services, construction, and manufacturing.

Also read: Canada starts targeting draws for Doctors and Nurses from 2023

Here’s a snapshot of the jobs added in a few provinces in Canada in October 2022.

Despite rising interest rates in the country, which is seen as a natural eventuality of growing economic challenges, experts are positive about the trend to not linger long and hard on people.

It was also seen that of the workers in Canada who were employed with the same employer two-thirds earning more than CAD40 an hour got a raise in earnings. The same happened with half of the workers who earned under CAD20 an hour.

In October 2022, the rate of employment among immigrants in Canada aged at least 15 years was a record 62.2 percent.

If you are willing to work in Canada, talk to Y-Axis, the leading immigration and career consultant in Australia.

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