According to the latest Labor Force Survey (December 2022) released by statistics Canada, employment in Canada rose 0.5 % points over the month (+104,000 jobs), as the national unemployment rate dropped to 5.0%(-0.1% month-over-month).
General Employment Trends Across Canada
Many immigrants to Canada come to this country seeking a better life, which often includes higher-paying, steadier employment. The Labor Force Survey for December 2022 reveals that, across Canada, there is healthy growth in the Average hourly wages of employees-which has remained above 5% for seven consecutive months and is up 5.1% year-over-year.
In addition to the rise in average hourly wages in Canada, it is worth nothing that private sector employment is at the root of Canada’s employment boom, as the number of employees in private-sector jobs jumped by 112,000 in December. Self-employment and public-sector employment were relative non-factors over the past month.
Employment outcomes also improved for several different age groups in Canada, as the number of people aged 15 to 24 who had a job increased by 69,000(+2.7%) while employment also increased for those 55 or older (+31,000 jobs).
Employment Trends By Industry
In the healthcare and social assistance industry, total employment fell by 17,000 jobs (a drop of 0.7%) over the month of December. In the same time frame, since the last Labor Force Survey, employment has grown across Canada in each of the following seven industries.
Construction: Total employment in the construction industry across Canada rose by 35,000 jobs in December 2022, an increase of 2.32%.
Transportation and Warehousing: The transportation and warehousing industry in this country saw employment increase by 29,000 jobs (3.0%) in December.
Information, Culture and Recreation: 25,000 more jobs were taken up in this industry across Canada to end 2022, an uptick of 3.1%.
Professional, Scientific and Technical Services: Employment in this industry rose by over by 1% (+1.3%) as the number of people working in this industry grew by 23,000.
Accommodation and Food Service: 13,000 more people are working in this industry compared to the month prior (+1.2%)
Public Administration: Employment in this sector has risen by 11,000 jobs, an increase of 0.9% between November and December of 2022.
Other Services: 10,000 more people are working in this industry compared to the month prior (+1.3%). Employment trends by province and territory.
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VISHAL SHAH
CEO - OM Group of Companies
OM INTERNATIONAL
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