Canada's job growth marks highest spike in six years. 40,000 new jobs added in April 2023.

Highlights: Canada issuing a high rate of job opportunities

• Canada issued a high number of 41,000 job openings in April 2023.
• A majority of the job openings were in the form of part-time work.
• As per Bloomberg, Canada has witnessed a job streak of 8 consecutive months since 2017.
• According to statistics, 18.1% of employees are based in part-time work opportunities.
• The average hourly salaries have increased by 5.2%, as seen year-to-year.

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Provincial Employment rate in Canada

• The employment level rose in Ontario, with 33,000+ jobs in Canada.
• The employment level rose in Prince Edward Island, with 2200+ jobs in April 2023.
• The employment rate has comparatively declined in April 2023 for the province of Manitoba.
• Jobs in the retail trade industry have increased by 24,000 in April 2023.
• The cultural and recreation sectors and the Information industry have seen a 1.9% rise in April.
• The education and employment sectors have witnessed a 1.0% rise in April 2023.

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Experts at the BoC (Bank of Canada) reported stats suggesting positive growth in the last three-quarters of Canada.

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Average hourly salary in Canada is now $42.58, an increase of 9% from last quarter – StatCan reports