Immigration levels to Canada are expected to quickly rebound as the Covid-19 public health restrictions are relaxed and borders open all over the world. This is especially good news for overseas applicants to the Federal Skilled Worker (FSW), the Federal Skilled Trades (FST), and other provincial business programs and business immigration programs.
The June Labour Force Survey released on Jun 9, 2021, revealed that as travel and economic restrictions were eased across the country, the labor market responded with solid employment gains especially in sectors where the restrictions were most stringent.
With service industries reopening, there was a substantial increase in part-time employment which provided job opportunities to young people and women. This has set the stage for an accelerated recovery of the labor market over the next coming months. Employment in Canada is now within 1.8% of its pre-pandemic level.
How Did the Employment Rate Affect the Canadian Economy?
The employment rate in Canada increased by 230,000 according to the June Labour Force Survey. As the economy reopens, the labor market is expected to experience a rise in the employment rate, especially in the hardest-hit industries during the pandemic.
The pandemic also severely affected the growth rate of Canada’s population which significantly highlighted the importance of immigration to maintain economic growth.