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Low unemployment and high participation rate indicate persistent job vacancies in Canada

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In the latest report covering September of 2023, Canada’s unemployment rate—the number of unemployed individuals in the country over the age of 15, divided by the country’s total labour force (population aged 15 and older)—was stable at 5.5%, seeing little change from the start of the year. Similarly, the employment rate (number of labour force participants divided by the Canadian population aged 15 and over) was consistent throughout the year, standing at 62% in September. Employment rose among both core aged (25-54 years of age) women and men, while employment for those 15-25 and older than 54 years of age saw little.
Source:https://www.cicnews.com/2023/10/low-unemployment-and-high-participation-rate-indicate-persistent-job-vacancies-in-canada-1040208.html#gs.71br3n
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Reviewed by: Pyramid eServices News DeskLast updated: 17 October 2023

Reference sources

  • https://www.cicnews.com/2023/10/low-unemployment-and-high-participation-rate-indicate-persistent-job-vacancies-in-canada-1040208.html#gs.71br3n
  • https://www.canada.ca/en/services/immigration-citizenship.html
  • https://www.gov.uk/government/organisations/uk-visas-and-immigration
Low unemployment and high participation rate indicate persistent job vacancies in Canada | Pyramid eServices | Pyramid eServices