Keeping It Steady: Employment In Canada Remained The Same In October 2021

A high rate of unemployment is not a good thing in any country. It means that there are a lot of people who do not have jobs and these individuals are most possibly depending on the government for welfare. It also reflects that there are not enough jobs in the country. This is what happened in many countries when the pandemic hit. Many businesses closed and people were out of jobs. Canada has definitely one of the hardest-hit countries by the pandemic in terms of businesses closing and the unemployment rate going up.

 

It is a good thing though that the government of the country are quick on their feet. It has been able to put a handle on things with health protocols set in place to make sure that the pandemic does not wreak that much havoc anymore. With that, things are slowly going back to normal in the country and the unemployment rate has definitely gone down.

 

More people are getting jobs

 

According to the most recent data from Statistics Canada and its Labour Force Survey, the country was able to bring back 31,000 jobs that are going to definitely help the economy just for October 2021 alone. For the fifth straight month, Canada has been able to keep the unemployment rate going down and the employment rate working its way upwards.

 

The study done by Statistics Canada was done for the data that it was able to collect from October 10 to 16. It was also during that week when a good number of provinces in the country put into place initiatives that would allow more and more people to go back to work and do that safely. The country also had initiatives for individuals who would be able to show proof that they already had been vaccinated against the disease that caused the pandemic. Three provinces also lifted limits in their workplaces and put in a new rule instead and that is for people to show proof of vaccination. These three provinces are Ontario, Quebec, and BC.

 

The gains and the declines

 

Nothing is perfect though, even in Canada. There were some industries that enjoyed gains in employment while there were also others that had suffered through declines. However, what is important to understand though is that there were more gains than declines, which is a great thing to have for Canada. One of the industries that gained employment was the retail trade. On the other hand, two industries that experienced a decline were the food services industry and the accommodations industry. But with the rate of unemployment going down to just 6.7% for October 2021, this surely is a good thing and a good sign that things are definitely on its way to going back to normal.

 

 

 

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