Recent immigrants in Canada are being left behind in the face of strong wage growth, as unemployment rises. Despite overall economic gains, many new Canadians struggle with limited job opportunities and wage stagnation. Learn more about Canada's current immigration issues and rise in unemployment: https://ow.ly/nxmV50TlArO #Unemployment #Immigration #Economy
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Recent Statistics Canada findings show that while real wages in Canada have declined overall, newcomers are experiencing notable wage growth. This highlights the evolving labor market and the strides being made in the economic integration of immigrants. A compelling shift worth exploring! #immrecruitment #canadajobs #labormarket
Newcomer Wages in Canada: A Positive Trend Amid Challenges
immrecruitment.com
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New immigrants closing the gap with Canadians in job acquisition The employment rate of newcomers to Canada is catching up to that of Canadian-born workers. Between November 2010 and November 2022, the employment rate for new immigrants increased by 12.7%, compared to a 4.2% increase for Canadian workers. The most recent Labor Force Survey shows that the smallest employment rate gap between the two groups occurred in December 2021, with newcomers achieving a 79.6% employment rate, while Canadian-born workers had an 85.8% rate. Currently, the employment rate for newcomers is 76.3%, compared to 85.9% for Canadians. This reflects a significantly reduced gap compared to past years. For instance, in 2006, the employment rate gap between the two demographics was nearly 17%. Factors contributing to this include expanding the two-step immigration process, changes to Canada's immigration selection process, and a strong Canadian labour market. The employment rate increases the longer an immigrant has been in Canada. Employment rates were the highest since 2019 for those who had been in Canada between 5-10 years and for at least ten years. #newcomers, #employment, #statistics, #labour_market
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📉 Recent Immigrants Face Job Market Struggles in Canada 🇨🇦📊 🚨 Unemployment Spike: Recent immigrants’ unemployment rate hit 12.6% in June, up 4% from last year. Canadians born here have a much lower rate at 5.5%. Youth unemployment is at 13.6%, the highest since spring 2016. 🔄 The disparity between recent immigrants and native-born is the widest since August 2014. 🌍 Strong immigration has increased the number of job seekers. “The labour market is solid for those who have jobs, but extremely tough for job seekers”.. Link: https://lnkd.in/gu3McaYn #CanadaJobs #Immigration #Unemployment #JobMarket #NewcomersInCanada ——————————————— 📌 If you believe your VISA application should be showcased in the most favourable light when submitting to immigration, feel free to book our services through the provided link in the Bio. 📌 To book an appointment with Kubeir - Licensed Canadian Immigration Consultant, click the “Book Appointment” link on the Bio. 📲 You may also reach us at this number for all the immigration-related services: (+𝟭) 𝟰𝟯𝟳-𝟳𝟳𝟳-𝟯𝟳𝟳𝟳 (Canada), +971 45 26 4646 (Dubai). 📲 ——————————————— #Canadaimmigrationexpert #AskKubeir #immigrationconsultant
Recent immigrants suffer in Canada’s weakening job market
theglobeandmail.com
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Well the writing on the wall gets larger and larger. Here we have a point blank reference to our immigration levels plan causing increased unemployment and lack of quality full-time employment opportunities. With an election on the horizon, we can expect a new and impactful revision to our immigration levels plan. Expect a total overhaul like never seen in the last 30 years. #cdnimm This year's levels plan will include temporary and permanent levels. While this will be a going forward plan, it is clear that Immigration, Refugees and Citizenship Canada / Immigration, Réfugiés et Citoyenneté Canada will not be able to stem the flow of newcomers to Canada in the coming months. The train has left the station and the number of entries can only be marginally affected in 2024 and 2025 based on what is already in the pipleline. #levels #immigration #canada #unemployment #election
Canada’s unemployment rate climbs to 6.6% as labour market weakens
theglobeandmail.com
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Canada experienced rapid employment growth for new immigrants Statistics Canada reports that new immigrants in Canada are now experiencing faster employment growth than their Canadian-born peers, closing the employment gap. Immigrants aged 25-54 have seen a 10.7% increase in employment rate from 2010 to 2023, while Canadian-born workers saw a 4.1% increase. The employment rate gap dropped from 13.1% in 2010 to 6.5% in 2023. Unemployment rates for immigrants also decreased from 12.1% in 2010 to 6.6% in 2023. Immigrants recovered faster from COVID-19 employment setbacks, especially in the accommodation, food services, and retail sectors. Immigrants are also contributing more than one-third of all patents and increasing their participation among investors in Canada despite making up only a quarter of the population. #Statistics_Canada, #employment, #statistics, #unemployment
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Canada experienced rapid employment growth for new immigrants Statistics Canada reports that new immigrants in Canada are now experiencing faster employment growth than their Canadian-born peers, closing the employment gap. Immigrants aged 25-54 have seen a 10.7% increase in employment rate from 2010 to 2023, while Canadian-born workers saw a 4.1% increase. The employment rate gap dropped from 13.1% in 2010 to 6.5% in 2023. Unemployment rates for immigrants also decreased from 12.1% in 2010 to 6.6% in 2023. Immigrants recovered faster from COVID-19 employment setbacks, especially in the accommodation, food services, and retail sectors. Immigrants are also contributing more than one-third of all patents and increasing their participation among investors in Canada despite making up only a quarter of the population. #Statistics_Canada, #employment, #statistics, #unemployment
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Temporary residents, new immigrants push up Canada unemployment Temporary residents and recent immigrants are driving up Canada’s unemployment rate, as record numbers of newcomers welcomed to the country to fill labor shortages are now struggling to find work. The unemployment rate for temporary residents – including foreign workers, international students and asylum seekers – was 11% in June, according to Bloomberg calculations. Using comparable data, the unemployment rate for all workers was just 6.2% last month. Immigrants who’ve landed in the last five years are also having a hard time finding a job, with their unemployment rate reaching 12.6% in June. The contribution of temporary residents and recent immigrants to the overall unemployment rate has more than doubled in less than two years, Bloomberg calculations show. Together, the two groups account for nearly one fifth of all workers sitting on the sidelines, but just one tenth of the labor force. Statistics Canada does not directly report the unemployment rate for temporary residents, but it can be calculated using other data provided by the agency. It also only provides labor market data by immigrant status on a non-seasonally adjusted, three-month average basis. That’s why the comparable unemployment rate for all workers in June is 6.2%, rather than the more commonly cited figure of 6.4% — which reflects a single month and is seasonally adjusted.
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Canada’s plans to reduce temporary residents could impact GDP and inflation According to a new report by Desjardins, the plan to reduce non-permanent residents (NPRs) in Canada could impact real GDP growth and inflation, especially shelter costs. Fewer NPRs could boost per capita GDP and real wage growth. Despite the theory that higher wages might lure people back into the workforce, evidence is limited. Current underemployment rates and those wanting employment are historically low, with most sidelined due to illness or personal responsibilities. Sectors employing NPRs, like accommodation, food services, and retail, could face pressure from rising wages and labour scarcity. These sectors, already hit by the pandemic and an increase in insolvencies in 2024, may face more challenges with less low-cost, temporary labour but could also be forced to innovate. Contact Solutions Line Immigration for more! Call us at +1 289 637 1287 email us at [email protected] #canadaimmigration #canada #immigration #visit #visitcanada #canadapr #canadavisa #toronto #immigrationlawyer #visa #Temporary_residents, #foreign_workers, #labour_shortages, #inflation
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The Liberal government here in Canada continues to negatively astound.......economics 101 is not even contemplated in meetings i'm convinced. Im not against immigration, i'm one myself to this once great country, but how does a government create 1 job and bring in 6 immigrants who have to contend with the cultural "no Canadian experience" along with Canadians also entering the labour force. Yes, the "pandemic" caused a reset but this current government is the least competent in the G7 to manage. Can the 28% of Canadians that still think JT and the Liberals are fit to govern please consider that we need to get back to the 20 year type statistics pre pandemic. The C team of JT and company don't have the smarts to govern post pandemic.The other 62% of us are tired and frustrated, economics need to return as hte underlying foundation of government, not wokism.
Three Charts Show Canada Is Running Out of Jobs for Newcomers
bnnbloomberg.ca
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Employment in Canada since the pandemic has recovered and grown but there are changes in its composition that include a decline in self employment and a rise in public sector employment that will have impacts on the economy. My latest on The Hub. #employment #costdisease #economy #canada
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https://thehub.ca
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