The latest data from Statistics Canada reveals wages and the number of people landing paying Canada jobs both climbed in November last year.
In its Payroll Employment, Earnings and Hours, and Job Vacancies, November 2022 report, the statistical and demographic services agency reveals that wages in that month were up 4.2 per cent over a year earlier and an extra 7,100 people in Canada landed paying jobs.
In the services sector, 13,500 more people landed jobs in November last year.
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“Gains were recorded in 10 of the 15 sectors, led by professional, scientific and technical services, public administration and finance and insurance, while retail trade recorded a decline,” reports Statistics Canada.
In the goods-producing sector, there was little change although the construction industry added 4,300 workers.
Gains in professional and technical services were largely driven by the growth by computer designing and related services firms.
“As of November 2022, payroll employment in this industry was up 118,400, or 44.9 per cent, compared with June 2020,” reports Statistics Canada. “This increase accounted for nearly 42 per cent of the overall growth in professional, scientific and technical services over the period.”
The construction sector’s gains in employment were led by infrastructure projects, a residential construction boom, and specialty trade contractors.
“Payroll employment in construction increased for the third consecutive month in November, bringing the total gains to 23,500, up 2.1 per cent, since September 2022,” notes Statistics Canada.
“Quebec and Alberta recorded the largest payroll employment gains while slight declines were observed in Saskatchewan, New Brunswick and Nova Scotia.”
Average Weekly Wage In Canada Nudged Up To $1,180 In November Last Year
As employers sought to fill job vacancies, they also upped the compensation paid to workers, pushing up the average weekly earnings in Canada to $1,180 in November.
“Increases were recorded across all provinces, with the largest proportional gains in Newfoundland and Labrador and New Brunswick,” notes Statistics Canada.
“Overall gains in average weekly earnings were slightly moderated by slower growth in Saskatchewan and Ontario.”
Year over year, average weekly earnings in the goods-producing sector had increased 5.3 per cent by November last year.
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“Gains in manufacturing and mining, quarrying and oil and gas extraction were dampened by slower growth in construction,” notes Statistics Canada.
In November, there were 850,300 jobs still vacant, going begging for a lack of people to fill them during the country’s labour shortage crisis.
That’s down from the peak of more than one million job vacancies in May 2022 but still represents are very tight labour market in Canada.
“There were 1.2 unemployed persons for every job vacancy in November 2022, virtually unchanged since August, but up slightly from the low of one in June,” notes Statistics Canada. “Before the COVID-19 pandemic, the unemployment-to-job vacancy ratio hovered around 2.2 from January 2019 to February 2020.”
Foreign Nationals Can Move To Canada Through Many Economic Immigration Programs
Foreign nationals hoping to gain their permanent residency in Canada can seize the opportunities offered by this tight labour market to immigrate through the country’s many economic immigration programs.
Under the Express Entry system, immigrants can apply for permanent residency online if they meet the eligibility criteria for one of three federal immigration programs, the Federal Skilled Worker Program (FSW), Federal Skilled Trades Program (FST), and Canada Experience Class Program (CEC), or a participating provincial immigration program.
Candidates’ profiles are then ranked against each other according to a points-based system called the Comprehensive Ranking System (CRS). The highest-ranked candidates will be considered for an Invitation to Apply (ITA) for permanent residence. Those receiving an ITA must quickly submit a full application and pay processing fees, within 90 days.
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Through a network of Provincial Nominee Programs (PNP), almost all of Canada’s ten provinces and three territories can also nominate skilled worker candidates for admission to Canada when they have the specific skills required by local economies. Successful candidates who receive a provincial or territorial nomination can then apply for Canadian permanent residence through federal immigration authorities.
Canadian employers can also recruit and hire foreign nationals through the Temporary Foreign Worker Program (TFWP) and the International Mobility Program (IMP).
The Global Talent Stream (GTS), a part of the TFWP, can under normal processing situations lead to the granting of Canadian work permits and the processing of visa applications within two weeks.