Moreover, Liam Daly noted that the growth in the job market shows the withdrawal of this financial aid has made workers go back to employment, it is not adequate to address the labor shortage that affects several industries in Canada.
This report was reiterated by RBC economist Nathan Janzen who said that despite the flow of employment, there were noticeable low levels of workers in the service sectors.
These highlights show how Canada is fairing in of employment
- Employment increases by 154,000 (+0.8%) in November and was 186,000 (+1.0%) higher than its pre-COVID February 2020 level.
- Employment among core-aged women (25 to 54 years) grew 66,000 (+1.1%), primarily in full-time work (+47,000; +0.9%).
- Among core-aged men, employment rose by 48,000 (+0.7%), with gains entirely in full-time work.
- The employment rate for women aged 25 to 54 reached an all-time high of 80.7%.
- Both full-time (+80,000; +0.5%) and part-time (+74,000; +2.1%) work increased.
- Total hours worked increased 0.7%, returning to its pre-pandemic February 2020 level for the first time.
- The number of private-sector employees increased107,000 (+0.9%), while there was little change in public sector employment and self-employment.
- Two-year wage growth was 5.2% when controlling for changes in the composition of employment by occupation and tenure, and 7.7% when not controlling.
- Employment increased in both the services-producing sector (+127,000) and the goods-producing sector (+26,000) in November.
- In Ontario, employment increased just as Quebec, Alberta, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island.
