Motivation to work in Canada: April 2022 gets record low in unemployment

Great news from Canada!

It’s now revealed that Canada’s unemployment rate came down to a record low in April 2022. There was job growth of 15,300 jobs in April 2022, all of which were part-time employment. The report in this regard was released by Statistics Canada that also reflected the number of people at work in Canada and the progress in their numbers in recent times.

Here are a few other interesting developments that have happened:

• Employment in the goods-producing sector came down by 16,000 jobs. These were mostly in the field of construction.
• The services sector registered a net growth of 31,4600 positions. These were mostly in public administration. Growth also happened in professional, technical, and scientific services.
• On a monthly average, Canada added 141,000 new jobs in the past 3 months. Canada also added about 77,000 in the past 6 months.
• On a one-year basis, employment grew by 5.2% in April.
• In the meanwhile, Canada's unemployment rate went down to a record low of 5.2% in April 2022 following 5.3% in March. If Canada’s unemployment rate is calculated using the US Labor Department methodology, the rate would be 4.2% in April 2022.

The fact that these impressive rates were realized through part-time jobs could be a factor to keep in mind when looking at the whole scenario. In fact, full employment fell by 31,600 in April 2022. Nevertheless, the rate has stood strong enough by 4.1% when compared with the situation a year back.

The losses in full-time jobs were offset by part-time jobs, the number of which came to 47,000.

Here are the highlights of the observations of the Statistics Canada survey report:

 

Here are the unemployment rates in Canadian provinces as shared by Statistics Canada:

 

Looking at the table, you can see that in the matter of rate of unemployment, Quebec led the trend with 3.9%. This was achieved even after having a decrease in employment to the tune of 26,500 jobs.

In April 2022, the industry sector of professional, technical, and scientific services added the most jobs. This industry sector added 15,000 jobs. The public administration sector added 17,000 jobs and that happened most notably in Quebec.

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