Abstract: Canada added approximately 340,000 jobs in February after the slowdown of the spread of the pandemic virus.
Highlights:
- Additions of approximately 3.4 lakh jobs were made since the COVID-19 infection rates have decreased in Canada.
- The unemployment rate fell to 5.5% from the previous figure of 5.7%.
- Ontario has the highest job opportunities leading with 194,300 posts
- Quebec has an unemployment rate of 4.5%
The boost in the labor market is aiding the Canadian economy after the effects of the pandemic. The Canada jobs Labour Force survey has found that the nation is approaching a record-breaking employment rate of 94.6%. Quebec and Ontario are leading in job opportunities.
*Check your eligibility to Canada by Y-Axis Canada Immigration Points Calculator.
The Labour Force report
The Labour Force report states that the unemployment rate in Canada is the lowest in the past fifty years. Recently, the pandemic restrictions were relaxed, which has led to a boost in the economy.
The men between the age of twenty-five to fifty-four saw the employment rate of this section rise to 88.2%. The women citizens saw a rise of 81% in the employment rate.
The increase has women in both part-time and full-time jobs. In contrast, men's employment is concentrated solely in full-time positions.
The Bank of Canada is optimistic that the economy will progress to its best. A 6 more interest increase is expected as the central bank hiked up the cycle.
*Do you want to work in Canada? Y-Axis is here to assist you for better prospects in Canada.
Analysis of the Canadian Labour Force Survey
These are employment data of Canada found in the Labour Force Survey.
| Categories | Figures |
| Unemployment rate | 5.5 |
| Employment rate | 61.8 |
| Labour force participation rate | 65.4 |
| Number unemployed | 11,35,500 |
| Number working | 1,95,12,700 |
| Youth (15-24) unemployment rate | 10.9 |
| Men (over 25) unemployment rate | 4.7 |
| Women (over 25) unemployment rate | 4.5 |
*If you need coaching to make your future brighter, Y-Axis is here to guide you.
Job reports of the provinces of Canada
Ontario, Quebec, and Newfoundland and Labrador saw the highest job opportunities in Canada. The details are given in the table below.
| Province | Number of Jobs | Unemployment Rate (in %) |
| Ontario | 194,300 | 5.5 |
| Quebec | 81,500 | 4.5 |
| Newfoundland and Labrador | 9500 | 12.3 |
| Prince Edward Island | 3,300 | NA |
| Nova Scotia | 3,700 | NA |
| New Brunswick | 1200 | NA |
Do you want to migrate to Canada? Contact Y-Axis, the No. 1 Overseas Immigration Consultant.
If you found this news article helpful, you may want to read
Top 10 best performing cities in Ontario, Canada for jobs