Almost 1 Million Jobs Created In June In Canada Which Sparked Interest Of Many Potential Immigrants

One of the things that has suffered greatly when the pandemic spread all over the world was the economy. The economy had to take a side step as the health of the people all around the world has been given priority over anything else. This was the case in many countries all around the world which included Canada.

Now that the virus causing the pandemic has been contained in a number of countries already including Canada, restrictions on lockdown have slowly been lifted. With the lifting of such restrictions, the recovery of the economy of Canada has also started to work. Many people in the country have already gone back to work when with the lockdown, only those with essential tasks can do so. There were those who were able to go back to their old jobs with their former employers which some had to look for new ones. But the thing was that people were now able to go back to work and start to heal the economy.

The numbers tell the story

From February until April, there were around 3 million individuals in Canada that did not have jobs because of the lockdown that was enforced to help curb the spread of the virus. Some 2.5 million individuals were also not able to work because of reasons connected to the novel coronavirus pandemic. These are the numbers that Statistics Canada has reported recently.

By May, the country started to reopen and recover from the effects of the lockdown. It was a slow start but it was a start. There were around 290,000 individuals who were then able to go back to work which meant that businesses started to also recover since they were able to have transactions once again. And by June, more and more businesses were able to reopen and so the unemployment numbers have started to go down once again. More and more individuals in Canada were able to have jobs again and the month was able to see 953,000 individuals having jobs again. In total, May and June were months when the country was able to have 1.24 total individuals being employed once again.

More on the report from Statistics Canada

In June, the unemployment rate was already at 12.3% which is definitely lower as compared to a month before which had an unemployment rate at 13.7%. More and more people were also open to having jobs once again by June which had a participation rate from the labor force of 63.8%. As compared to the 65.5% that was recorded in February, this surely is a good sign. This also shows that more and more jobs have been opened once again and created opportunities for people in Canada. This has also piqued the interest of many potential immigrants as the country is faring better at recovering as compared to many other countries.

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