The new Labour Force Survey reveals unemployment for very recent immigrants is the lowest on record and employment is growing faster than Canada’s population.
The unemployment rate for immigrants who landed in Canada within the past five years was at a record low according to Statistics Canada’s March Labour Force Survey.
The newly-released report captured Canada’s labour market conditions during the week of March 13 to 19. During the reference week, provinces were easing public health restrictions. All capacity limits and proof-of-vaccination requirements were lifted in Ontario, Manitoba, Alberta and Quebec.
Overall, Canada’s unemployment fell 0.2 percentage points to 5.3%, the lowest rate on record since comparable data became available in 1976. Statistics Canada calculates the unemployment rate by the number of unemployed people as a percentage of the labour force.