The unemployment rate in Canada has been increasing since the COVID-19 pandemic hit the country. In 2021, the unemployment rate went down. Still, this year the percentage of unemployment is decreasing. What is quite impressive is that it is even lower than what it was before the pandemic.
The unemployment rate went down because the government did some things to help Canadians get a more financially stable lifestyle. In November, the government of Canada added more than ten-thousand jobs, and Quebec introduced more than twenty-eight thousand jobs to help the social problem of unemployment in Canada. The rate of unemployment has decreased to 5.1 percent, which is a good improvement since it was almost 13.70 during the COVID-19 pandemic.
“Our economy is creating opportunities for our residents and those moving to our province, which is growth that works for everyone,” said Jeremy Harrison, Minister of Immigration and Career Training.
Trading Economics also mentioned that “At the industry level, higher employment in educational services (3.2% to 1.48 million) and healthcare and social assistance (0.9% to 2.62 million) offset losses in manufacturing (-1.6% to 1.72 million), and information, culture, and recreation (-2.6% to 0.78 million). Also, employment rose in the public sector (0.8% to 4.23 million), while the private sector and self-employed workers were little changed.”
Hopefully, the unemployment percentage will keep decreasing until it breaks the low Canadian record of 2.9 percent. The data shows that there will be a possibility for the percentage to drop even lower and for more unemployed individuals to find reliable full-time jobs.
Sources:
– Halla Alhamed, U Multicultural
Disclaimer: The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of U Multicultural.
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