84,000 New Jobs Gained By Labor Market In Canada For October

When Canada had to enforce a lockdown sometime in March this year to stop the spread of the disease known as COVID-19, the country also had to make sure that its people were safe. To do that, only essential travel were allowed. This meant that people had to stay indoors and only those who were deemed essential workers can go out. Some businesses were able to continue their operations by having their employees work from home. However, there were a lot of businesses in Canada that had to close up shop because of the whole situation.

 

Now that the country is slowly trying to get back on its feet after everything that has happened (and is still happening), there is certainly good news when the government of the country has mentioned recently that around 84,000 new jobs were added just for October alone. This means that a lot of people can now find themselves having jobs once again and businesses are also slowly trying to get back on their feet.

 

Lower growth in employment, but definitely good news

 

As per the data on jobs in Canada, the 84,000 jobs that were recorded for October were lower as compared to the number recorded a month previously. For the period between August until September, the country was able to record around 378,200 new jobs in the labor market. This definitely shows that the number for October was lower. However, despite that, it also means that there is an improvement in how things are going for the labor market especially when everything just seemed to stopped in mid-March during the start of the lockdown.

 

There have been a slight lifting of the restrictions in Canada several months ago. However, by October, these restrictions were put in place again all around the country because there the number of cases of COVID-19 increased. This lead to the lower growth in employment in the country. Despite this, the number definitely showed that despite the restrictions, growth still happened in the country which is a good thing for the labor market and for the economy as well.

 

Other data

 

According to the data from Canada, since the pandemic had started, the number of individuals who have become self-employed had gone up by 33,000. This is the first time that this has happened. Aside from that, individuals who have worked half of the hours that they usually worked had also increased. Those who have also started to work from home have increased by at least 150,000. With the increase in the employment growth in Canada, women became the most beneficial especially those who were 25 years old to 54 years old. The employment for the youth have remained as the number even before the pandemic.

 

 

 

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