The juggernaut that is the Canadian economy continues to defy expectations, with unemployment remaining below six percent and 55,900 net new jobs added across the country through February. This gain was far greater than expected by economists.
The number of new full-time positions was actually greater than the overall net figure, with around 67,400 more full-time positions offset by a decline of 11,600 part-time roles. Some of these changes may be explained, at least in part, by more workers moving from part-time employment to full-time roles — and that means more workers with more stable incomes and higher wages.
As has been the case over recent months, immigrants to Canada are at the heart of this continuing success story.
Canada Job Market February 2019 update
New Canadian employment figures are released each month, and you’ll always find the latest data here on our Moving2Canada Jobs Report.
The data below comes from the Labour Force Survey, produced by Statistics Canada.
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Want to dig deeper into the Canada Jobs Report data? Try these interactive tools, courtesy of StatsCan.
Yearly unemployment rate drops for Latin American, African and Asian immigrant groups
Despite the ongoing political controversy whirling around Ottawa at present, the reality is that immigration is likely to be one of the most important issues in this year’s federal election campaign. The Liberal and Conservative party leaders may not be diametrically opposed on the issue of immigration but there is no doubt that Conservative Party leader, Andrew Scheer does not agree with all aspects of Prime Minister Trudeau’s pro-immigration policies. While it may be difficult to predict the future in this respect, one thing that is for certain is that immigrants are continuing to contribute positively to the Canadian economy.
A closer look at immigrant employment trends in Canada for February shows that immigrants who landed in Canada in the last decade saw month-on-month decreases of 0.2 percentage points in February for a new total of 6.8 percent – just one percentage point higher than the total unemployment figure for all Canadians.
Finally from a continent-specific point of view, only European immigrants saw a month-on-month reduction. However, there was year-on-year unemployment reductions for the African, Asian and Latin American cohorts in Canada, while unemployment level among Europeans (4.7 percent) is the same as it was a year ago in February 2018.
Notice: Immigrant unemployment rates are not available in seasonally adjusted statistics.
Click to view table: Unemployment among immigrants
|Landed Immigrant Population (Permanent Status) unemployment rate (percentage)||Feb 2018||Jan 2019||Feb 2019||Change M-O-M||Change Y-O-Y|
|Immigrants, landed 5 or less years earlier||9.2||8.6||8.4||-0.2||-0.8|
|Immigrants, landed more than 5 to 10 years earlier||6.3||7||6.8||-0.2||0.5|
|Immigrants, landed more than 10 years earlier||5.5||4.9||5.1||0.2||-0.4|
Year-on year employment growth increased further in February
In last month’s Jobs Report we informed you that overall employment increased by 327,000, or 1.8 percent compared with January 2018. Well, we have more good news in February as the year-on-year increase on February 2018 is 369,100. This equates to an increase of 2 percent.
Finally, from a demographic perspective, youth employment had an important role to play in this month’s positive employment story. The number of young people employed (aged between 15 to 24) in Canada increased for the second consecutive month, jumping by 29,000 in February. The increase was split pretty evenly between young women (+16,000) and young men (+13,000). The unemployment rate for youth was little changed, at 10.8 percent.