Canada adds 10,000 jobs a month. Highest hiring was seen in these sectors

Despite this relatively modest employment growth, the data suggested that “the average hourly wage of workers remained above 5% in November for the sixth consecutive month, to $32.11 in November of 2021”. This means, in the days to come, new people will see more job opportunities with increased earning potential.

Sectors that saw the most jobs

The finance, insurance, real estate, rental and leasing, manufacturing, information, culture and entertainment sectors saw the maximum number of hiring last month.

“The number of people employed in finance, insurance, real estate, rental and leasing increased by 21,000 in November” while 11.2% of employed Canadians held jobs in the retail trade industry.

Employment in the manufacturing industry saw an increase of 1.1%. Among the provinces, Alberta saw a 4.7% increase in industry employment and Quebec added more than 10,000 manufacturing jobs.

Meanwhile, the construction industry, wholesale and retail trade saw a sharp decline last month.

Construction industry employment across Canada has fallen by 1.6% since the last labor force survey in October 2022. Wholesale and retail business employment also fell in November, showing a cumulative 4.4% decline since May 2022.

The decline in employment is also evident for Canada’s professional, scientific and technical services industries, which fell by 0.8% in November. The information and communication technology sector has experienced a 3.8% decline in YOY employment with the industry employing 34,000 fewer people as compared to November 2021.

How did the different provinces work?

• Quebec added 28,000 jobs, while the provincial unemployment rate “hit a new record low of 3.8%” in November 2022
• In Prince Edward Island, employment fell 1.7% overall, raising the unemployment rate to 6.8%.
• Newfoundland and Labrador saw a 1.5% drop in employment, although the unemployment rate remained relatively stable at 10.7%.
• Employment in Manitoba saw a decline of 0.8% but the provincial unemployment rate remained stable at 4.4%.
• Alberta’s unemployment rate rose to 5.8% as employment in the province decreased by 0.6%.

Beginning next year, Canada is likely to begin holding Express Entry draws that target foreign nationals working in specific occupations or those with particular language skills/educational backgrounds.