Let’s burst one the myths around Canadian Job Market today

Описание: Let’s burst one the myths around Canadian Job Market today.

In the current economic scenario, some people may think that Canada is suffering widespread unemployment

Let’s look at some FACTS

1) 150,000 jobs increased in January
2) Unemployment rate is steady at 5%
3) Between September 2022 to January, jobs increased by 326,000 which is significant considering Winter is the most slack period for new job opportunities
4) There has been a significant increase in labour force, 153,000 people joined the labour force but still unemployment shows a declining trend

In a nutshell, some industries may be hit harder and some may be flourishing. At a total economy level the numbers are still promising. We have to wait this year as many other factors are expected to change like interest rates, inflation, market conditions. But for now, just hang in there if you are searching for a job, you will get an opportunity that best fits your talent. It’s just a matter of time to get the right fit.

For people moving to Canada, there are lot of immigrants and so a lot of competition but that is everywhere. It’s a matter of trying and believing in yourself. It will be toughest thing to do.

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