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Canada s unemployment rate has hit a record low

May 11 , 2022 By Rajneesh Kumar

Canada s unemployment rate has hit a record low

On Friday, Statistics Canada reported that the unemployment rate fell to 5.2 per cent for April, owing to 15,300 new jobs added to Canadian economy.

This time, the unemployment rate in Canada dropped to a record low, clearly suggesting that the labor market remains strong for both Canadians as well as immigrants.

Statistics Canada said, " It was the lowest jobless rate since comparable data became available in 1976 and down from the previous low of 5.4 per cent in May 2019. It was also a turnaround from the early days of the pandemic in May 2020 when the unemployment rate hit a record 13.4 per cent."

Furthermore, CIBC senior economist Andrew Grantham said, "Oil-producing provinces like Alberta and Saskatchewan were not at full employment before the pandemic struck and may have space for more job gains that could yet drive down the jobless rate. There is scope maybe for the unemployment rate to grind a little bit lower."

Immigrate to Canada without a Job Offer

A lot of aspiring immigrants wonder is it possible that they immigrate first and later on find a job in Canada or not.

Surprisingly, a skilled foreign worker with relevant skilled work experience and educational qualification, can immigrate to Canada under key immigration programs, including

Express Entry System

ü  Federal Skilled Worker Program (FSWP)

 

Provincial Nominee Programs (PNPs)

Saskatchewan Immigrant Nominee Program (SINP)

ü  Occupation in-demand subcategory

ü  Express Entry Subcategory

Nova Scotia Nominee Program (NSNP)

ü  Nova Scotia Demand: Express Entry Category B

Ontario Immigrant Nominee Program (OINP)

ü  Human Capital Priorities Stream

Manitoba Provincial Nominee Program (MPNP)

ü  Skilled Worker Stream

Alberta Immigrant Nominee Program (AINP)

ü  Alberta Express Entry Stream

For more information or to apply for Canada PR visa this year, you may reach us on Toll-Free No. 78-18-000-777 or drop an email at info@canadapravenue.com.

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