New Labour Force Survey 2022 Reports are out: Employment Rose Over 100,000 Across Canada
According to New Labour Force Survey 2022 reports issued by Statistics Canada, overall employment rose to 0.5 per cent. Canada has added overall 104,000 new jobs with a national unemployment rate dropping at a rate of 5.0 per cent.
Out of total new jobs created by Canada, 42,000 net jobs are led by the province of Ontario and 2500 net jobs are led by the Alberta for the month.
This year, the British Columbia province has marked one of the lowest unemployment rates of 4.2 per cent along with an employment growth of 17,000 jobs.
The other provinces that recorded a notable rise in employment are Saskatchewan by 4,200 jobs, Manitoba by 7,000 jobs.
Which industry is benefitted the most?
According to the data, the construction industry across Canada recorded a rise of 35,000 in overall jobs in December 2022, i.e., an increase of 2.3 per cent. While, the transportation and warehousing industry saw a rise of 29,000 jobs, followed by over 1 per cent rise in Information, Culture and Recreation, Professional, Scientific, and Technical Services, Accommodation and Food Services and Public Administration.
Such a spike in employment opportunities is undeniably a very good news!