When it comes to landing a job, different countries have different norms or standards. You also need to consider the local job market demands and your skill sets that would be useful to tailor your job application.
How Favourable Canada’s Current Job Market is for Foreign Workers?
In 2018, Canada added a total of 163,000 full-time jobs. Thanks to the agenda the unemployment rate decreased to 5.6%, which was pretty low across the globe. Now, the estimated unemployment rate is around 5.8%, according to Statistics Canada.
Canada’s job market is strong. Furthermore, in 2019, the government speculates that IT, engineering, skilled trades and logistics sectors would be at the top of the demand list.
The outlook sounds positive but there were recent layoffs occurred in few provinces (Like Alberta, Saskatchewan, and Newfoundland and Labrador) in some of the sectors. As you know there are many factors that influence the job market. Such as political changes, trade disputes, changes in demographics, low commodity price, capital investment, and government revenue. Nowadays, the shift to a digital economy is also disrupting the job market for a brief period.
So the overall idea is if there are sectors that are driving job growth, obviously, there will be some on the verge of declination. Thus, exploring the following data will allow you to learn what fields have job stability in the current market and what fields are facing lower growth rate.
Some of the manufacturing and agriculture sectors lowering their employment rate. On the other hand, digitalization has created new jobs in computer system design and increased the employment rate to 40%. There is also a boom in service sectors such as healthcare and Education. Let’s take a look!
Top IT Occupations in 2019 Market
IT Project Manager
Quality Assurance Analyst
Top Engineering Occupations
Engineering Project Manager
Top Jobs in Healthcare
Health Care Manager
Medical Radiation Technologist
Top Jobs in Education
School Coordinators and Wellness Promoters
Licensed Daycare Experts
Primary School Teachers
Top Jobs in Finance
Chartered Professional Accountant
Top Manufacturing Occupations
Top Jobs in Logistics
1. Automation Engineer
2. AI Researcher
3. DevOps Engineer
4. Cyber Security Specialist
5. 3D Architect
6. Data Scientist
7. Environmental Engineer
8. Blockchain Developer
9. Chief Experience Officer
10. Live Chat Agent
If you have skills in any of the demand occupations (mentioned above), let’s not delay and have a conversation with us. We can guide you with your Canada immigration, also how to land a stable job in the country.
Continuing, a report on Job market changes happened in the months of January, February and March in Canada!
Changes in the Job Market
|January||As mentioned before, in early 2019, the unemployment rate was 5.8%.|
|In January, the increase in overall employment was 327,000, or 1.8%.|
|The employment increased for both women and men within an age range of 15-24. At the same time, employment was down for the individuals aged 55 and over.|
|Some of the Atlantic provinces like Quebec experienced a declining growth rate of jobs. On the other hand, the western provinces like Alberta and British Columbia had a slight increase in their job rates.|
|Prince Edward Island entered the phase of many construction developments that will last through the year.|
|February||Like January, the unemployment rate remained at 5.8%.|
|In February, the increase in overall employment was 369,100 i.e. 1.8%.|
|The number of young people employed (aged between 15 to 24) in Canada was 29,000 by February.|
|The employment rate increased in the Province of Ontario by 37,000 in February. The unemployment rate was 5.7%. Unlike January, the employment rate of Quebec increased a little, which is why the unemployment rate changed to 5.3%.|
| In February, the employment fell by 3,300 in Manitoba. But to our surprise, the unemployment rate fell to 5.3%
|March||In March, the increase in overall employment was 332,000 i.e. 1.8%.|
|A total of 6.2% of immigrants who landed recently were unemployed.|
|Coming to the provinces, for Saskatchewan, the Employment increased by 3,900 and the unemployment rate stayed at 4.9%.|
|The province of New Brunswick experienced a rise of 3,100 employment rate while the unemployment rate decreased by 0.6%.|
|In Prince Edward Island, an additional 2,000 people got employed in March. The unemployment rate decreased to 1.4%.|
Immigrants are a vital part of Canadian immigrant workforce, as 64% of the current workforce is about retiring. Think about that Statistic and what it will mean for you. This prolific alternation will create thousands of vacancy in many skills sectors.
But employment demand does not always increase the annual wages of an employee. At least not in every industry, you would find workers getting frequent increments. There are also sectors who have a low employment rate because of many reasons, such as skill mismatch in the workforce. It is not easy to find the right skilled talents at one place hence the need to constantly review their immigration system.
Technological advancement has lowered demand for many types of manual jobs. The large enterprises are very eager to pick the latest technologies and implement the new process. The skill demands are increasing with every new innovation and the industry landscape is becoming competitive.
Furthermore, market demands will change sooner or later. It is possible that the occupations that are in demand now may start to decline in next year. What will you do then? For a potential migrant, having experience in a demand occupation is the most sought out criteria in Canada immigration. If you truly wish to make Canada your home, let’s start the process as soon as possible. The Federal government is issuing a large number of invitations in every draw and the provinces are also showing their high interest in welcoming migrants, let’s not forget this opportunity is a luxury. It should not be turned down lightly.