Job seekers from other countries interested in coming to Nova Scotia through economic immigration programs are still in luck.
Statistics Canada figures demonstrate that the number of job vacancies in the province increased by 52.1 percent from the second quarter of last year to this year.
Despite employers adding 21,240 employees to their payrolls in the past year, many positions still need to be filled.
While next year's real GDP growth in Nova Scotia is projected to slow from 2.2% to 0.5%, the economy is expected to come back with 2.4% real GDP growth in 2024.
In addition, the pent-up demand for labour is likely to keep the job market good for those seeking employment.
#Labour_shortages, #labour_market, #Nova_Scotia, #statistics
November 25, 2022
In his recent speech, Bank of Canada Governor Tiff Macklem spoke about how immigration may be the key to achieving labour market stability and correcting inflation.
He stated that the Canadian labour market has more demand than labour supply.
The governor stated that labour shortages had increased wages across the country, pushing inflation upwards.
Macklem urges Canadian employers to hire immigrants to meet the rising demand for labourers and fight inflation - with preference given to recent arrivals.
#Labour_shortages, #labour_market, #foreign_workers, #newcomers, #inflation
https://jtvcanada.com/2022/05/07/why-more-canadian-employers-are-hiring-foreign-workers/
https://www.bankofcanada.ca/2022/11/restoring-labour-market-balance-and-price-stability/
November 25, 2022
Immigration to Canada increased significantly in September, with the number of new permanent residents rising by nearly a third compared to August.
In September, Canada welcomed almost 30.7% more new permanent residents than in August – a total of 44,495 compared to 34,050.
This contrasts with the 22.2% dip seen from July to August. September was the best performance for immigration this year, with the highest number of new permanent residents arriving in a single month since November last year.
#Statistics, #PR, #Immigration_to_Canada, #immigration_rate
November 24, 2022
On November 22, 2022, the Canadian Government released the instructions for the temporary public policy that lifts the work limitation of study permit holders.
International students that were allowed to work without a work permit for no more than 20 hours during regular academic sessions can do so under this public policy.
The policy came into effect on November 15, 2022, and will expire on December 31, 2023.
Canada introduced this policy to allow international students to gain valuable work experience in Canada and solve the labour shortage problem in Canada.
#International_students, #work_permit, #Study_permit, #study_in_canada
November 23, 2022
