July's Economy Update | 94,000 New Jobs Created

July's Economy Update | 94,000 New Jobs Created

Veronica Laurent Published:
August 14, 2021

The economic levels in Canada were a little closer to pre-pandemic levels in July. Canada’s labour market was examined by Statistics Canada’s labour force survey from July 11 to July 17.

In the week the survey was conducted, public restrictions across Canada had diminished due to low case counts and high rates of vaccination. The survey concentrated on full-time jobs, especially the private sector in service industries. 94,000 jobs were added by Canada in the month of July, matching employment levels to that of February 2020 (1.3 percent rise) and the unemployment rate fell to 7.5 percent matching the rate of March 2020. OntarioManitobaPrince Edward Island, and Nova Scotia were some of the provinces that saw a rise in employment last month. The graph below shows the increase in employment rates in these provinces.

Ontario, being a large province, saw an employment rise of 74,000 in the month of July with Toronto metropolitan area seeing a rise by 49,000. The unemployment rate fell by 0.4 percent in Ontario in July. Manitoba saw a rise of 7,400 and unemployment rate dropped by 1.5 percent. Nova Scotia saw a rise of 3,700 and unemployment rate fell by 0.6 percent. Prince Edward Island saw a rise of 1,100 and unemployment rate fell by 2.6 percent.

Statistics Canada also marked the employment rates for very recent migrants who have landed in Canada. Very recent migrants refer to candidates who have landed in Canada in the last five years. The statistics showed that the employment rates of very recent migrants were an upward trend even during the pandemic. The employment rate in July was 69.1 percent. The number of very recent migrants participating in the labour force has returned to the levels observed in 2019. This labour force makes up to 4 percent of the total labour force between January to July 2021.

Canada is a country with an aging population and a low birth rate and a combination of this has a direct impact on the labour force. Hence without migration strategies, Canada will face challenges in its demographic.

According to Statistics Canada, the country welcomed 35,700 new permanent residents during June as the travel restrictions eased and borders reopened. The labour market is expected to continue its growth in the coming months as Canada will welcome more new migrants with Canada’s target to welcome new permanent residents being 80,000 for the year 2021.


Check out Owlspriority Immigration’s Canada Settlement Resources to learn more about ways to find a new job in Canada, making your initial days in Canada stress-free and confident, etc.

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