Canadian provinces have been on a workforce hunt to address their worker’s shortage problem. In a Labour Force survey reports of October 2019, the main beneficiary in the immigration program was the British Columbia and Newfoundland provinces, which recorded significant gains.
Statistics indicated that between October 2018 to October 2019, Canada introduced 443,000 new jobs. During this duration of 12 months, there were significant gains in full-time work.
There was an overall drop in employment in the month of October 2019, as the survey recorded the country had shed 1,800 net jobs. On a national scale, the unemployment rate stood at a staggering 5.5 per cent.
According to statistical specialists, this drop in October was as a result of employment influx recorded in the month of August and September, 2019.
Statistics of British Columbia and Newfoundland post-Employment Gains
As mentioned earlier, British Columbia and Newfoundland topped the list of provinces with employment gains with a net of 15,000 net jobs in the month of October. This increase was as a result of gains driven by full-time work for people aged 55 years and over.
The two provinces unemployment rate was stable and remained at 4.7 per cent, which was the lowest among all the other Canadian provinces.
In a statement released by Newfoundland and Labrador, there was a gain of 2,700 net jobs in the month of October 2019 and was primarily due to part-time jobs among the residents of core working ages of 24-54 years.
In other Canadian provinces, both the employment and unemployment rates remained constant and their average remained unchanged from September’s statistic.