Unemployment Rate in Canada Drops to Lowest Level in 40 Years

A new report by Statistics Canada showed that over 11,000 jobs were created in October 2018 and the unemployment rate dropped to 5.8 percent for the first time in two months. The jobless rate is now at the lowest it has been in 40 years. Analysts had only forecast an increase of 10,000 Canadian jobs and for the unemployment rate to remain at 5.9 percent. Employment in building, business and other support services spiked by 22,000, making the year-over-year gains reach 43,000 (or a 5.7 percent increase). If you are looking for work and would like to relocate to Canada, contact Canadian Visa Expert. They will walk you through the steps to applying for the needed visa to live and work in Canada.

The healthcare and social assistance sectors also saw a rise in positions. There were 15,000 jobs added in October, and year-over-year gains totaled 37,000. Core-age workers (ages 25-54)filled most of the positions and most were men. There are jobs available in most provinces of Canada and now is the time to consider relocating. Canadian Visa Expert has a team of experts who can help you through the entire immigration process. Contact them today!

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