Canada has been ensuring that its population is ably equipped so as to cope with the new normal. Lifting of the Coronavirus restrictions has sparked a resurgence in the Canadian economy. During the peak pandemic period, Canada lost a total of 3 million jobs between February to April.
Statistics Canada also reported that another 2.5 million individuals were not present at their jobs due to Coronavirus related reasons. Along with the 3 million jobs that were lost, this was a massive hit to the Canadian economy.
May 2020 saw an increase of 2,90,000 jobs in the marketplace pointing at a steady resurgence in the Canadian economy. This has been further solidified by a jump of 9,52,900 jobs in June. This was equally split between part-time and full-time workers. This has pulled the unemployment rate down to 12.3% from the record setting 13.7% in May.
The fact that more and more people have been looking and finding new jobs, versus fewer people not being able do their job because of the Coronavirus.
Uptick Widely Expected
“Canada reported another month of stronger-than-expected job gains in June, underscoring the potential for a quick return to work as the nation shows relative success in taming Covid-19.”
Andrew Husby, Bloomberg Economics
With the easing of pandemic related restrictions in Ontario there was an immediate resurgence of retail business in the Montreal region. As other province began easing out the restrictions companies began to return to business as usual and opened the hiring process.
Overall, every province in Canada registered a spike in employment in the month of June. Ontario led the way with an increase of 3,77,900 jobs. It was closely followed by Quebec 2,47,500 and British Columbia at 1,18,100 jobs. While there are still some regions that haven’t eased restrictions, there are expectations of another jump in job growth numbers in July.
The most heartening thing about this economic comeback was that the most hard-hit industries were the first to rise up. The accommodations and food services industry saw an increase in employment by 1,63,700. Retail trade, hit terribly by the lockdown and fear of contamination saw an increase of 1,84,000 jobs. Unemployment numbers in the hospitality sector have dropped down to a third from February numbers.
Healthcare and social services was another sector that showed a strong uptick. Employment here rose by 1,21,100. The resumption of non-essential health services was a major factor here. Construction and manufacturing also had a strong month, these sectors saw a spike of 1,65,000 jobs.
Sharper Recovery Than Previous Instances
When the pandemic began, and the government restrictions were put in place, the economic losses that resulted were staggering and unprecedented. The big difference, however, in this economic downturn and the ones we have seen before, was that in this case the economic was frozen, deliberately.
These were largely temporary measures put in place to ensure the general health of the populace. As these measures continue to be relaxed, the Canadian economy has demonstrated its robustness with a strong comeback.
This recovery we have witnessed, has been considerably sharper than any previous downturns. In some cases before, this type of recovery has taken from 2 to 5 years. While the norms of physical distancing has affected restaurants, bars, cafes and stores, resulting in many businesses not being able to function at top capacity, other sectors are seeing good numbers.
With more restrictions being eased and economic activity increasing in the coming months, it is expected that the temporary layoffs will decrease and people will begin to return to their previous jobs, or transition to new ones. June saw employment rise slightly more for women as opposed to men, 6.6% Vs 5.5%.
Will Canada Be Creating More Jobs
Even with the economy partially opened, Canada is already showing great numbers in terms of job creation. As more companies resume functioning, and as provincial economies begin to open up in a phased fashion, more and more jobs are bound to be created.
Infrastructure, healthcare, technology, and even pharmaceutical industries are bound to see the biggest gains in the coming months. For anyone who is even a little doubtful about moving to Canada because of the lack of jobs, should understand that it is all a matter of time before the country’s economy bounces back. And in fact the resurgence has already begun.
In fact, for many professions this is the ideal time to apply to Canada, especially considering the serious requirements there.
If you are looking to move to Canada, it might be a good idea to look into how you can network and create job opportunities for yourself.
Get started by creating a resume that will appeal to Canadian employers. This means emphasising whatever Canadian work experience you might have and ensuring that you have the appropriate format for the position you are applying to.
Spruce up your LinkedIn profile. LinkedIn is the world’s #1 professional networking social network. Having a strong professional network on it is half the battle won when it comes to landing a good job in Canada.
You can always reach out to us Rao Consultants for any queries you have regarding getting a Canada PR. Check your profile through Canadian Government approved ICCRC member.