The latest numbers from the Women Labour Force Survey show that Canada’s unemployment rate hit a new low of 5.1% in May. On Friday, people from Statistics Canada said that the country added 40,000 jobs in March. But Canada’s construction industry is getting closer and closer to the end of its life. Statistics Canada says that the rise in full-time jobs more than makes up for the fall in part-time jobs (96,000 fewer positions). Employment went up in Alberta, Newfoundland and Labrador, and Prince Edward Island, but it went down in New Brunswick.
According to the Periodic Labour Force Survey (PLFS) from the National Statistical Office. The unemployment rate for women dropped from 5.1% in 2018-19 to 4.2% in 2019-20. (NSO). The Ministry of Statistics and Program Implementation has a branch called the National Statistics Organization (NSO).
A report from the Ministry of Labor says that the unemployment rate for women has gone down. It goes from 5.1% in 2018-19 to 4.2% in 2019-20. According to the PLFS for 2019-20, the number of person-days of MGNREGS work created by women has gone up to more than 207 crore. Along with the education in women, their job and employment rate has also increased a lot.
From 2018-19 to 2019-20, the number of women working went up from 24.5 percent to 30 percent. The government has taken a number of steps to get more women to work. So, the labour laws have been changed to make sure that women can work in a safe. Also in supportive environment and to encourage them to get jobs. Among these are extending paid maternity leave from 12 to 26 weeks, requiring crèches in businesses with 50 or more employees. It also letting women work night shifts as long as they have the right safety measures in place.
The government is setting up a network of Women Industrial Training Institutes, National Vocational Training Institutes, and Regional Vocational Training Institutes to help women get jobs.
Women return to hard-hit sectors
Statistics Canada said on Friday that the average hourly pay for all workers rose 3.9% year over year in May, compared to a 3.3% rise in April. According to a study that came out today, the unemployment rate has dropped to 3.9%, which is the lowest it has been since the recession started.
According to the agency, most of the new hires in May were women of all ages, while the number of men working stayed the same. In May, the participation rate for core-aged women, which shows how many workers are either working or actively looking for work, hit an all-time high of 85%. During a time when manufacturing jobs were going down, a lot of new jobs were made in the retail and hospitality industries.
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Rafael Gomez, who runs the Centre for Industrial Relations and Human Resources at the University of Toronto. He says that the COVID-19 pandemic’s effect on these service industries is the most important factor in getting more women back to work.
Since then, “those jobs have come back,” he said, pointing out that the industry now has openings. Gomez says that schools have been able to stay open more often during this stage of the pandemic. This has made it possible for families’ main caregivers, who are usually women, to go back to work.
Economists at the Labour Market Information Council, which put out a report in March about women coming back to work. They say it’s still too early to tell if the strong job growth in May is a sign of a full recovery or not. Brittany Feor, an economist for LMIC, doesn’t know if hybrid and remote work will still be commonplace in offices in the future. Whether or not women, especially those with children, can stay in the workforce may depend on how flexible their jobs are.
Feor says that if women are forced to go back to work or given the option to work from home, it could change how they take care of their children. Women who were laid off because of the pandemic and are now going back to work are not known to be taking on these new jobs.
The Labour Force Survey doesn’t have enough information to answer these questions. It could hide an economic recovery that leaves people who were hurt by the pandemic behind. Feor says that even though women are doing well now, that doesn’t tell us much about what happened to the women who lost their jobs in April 2020. Feor’s comment has nothing to do with what the women have been through.
A senior economist at TD Bank says that companies are scrambling to fill open jobs left by Canadians. Mainly who are taking long overdue vacations on patios and on the road. For Orlando, Canada’s economy is doing better than full employment because there are a record number of open jobs. Statistics Canada said on Friday that the average hourly pay for all workers rose 3.9% year over year in May, compared to a 3.3% rise in April. According to a study that came out today, the unemployment rate has dropped to 3.9%. It is the lowest it has been since the recession started.
Annual Data on inflation
In April, the annual rate of inflation went up to 6.8 percent for the first time in more than 30 years. Orlando says that as more people get jobs and wages go up. There is enough demand at home to keep inflation from becoming a problem for the Bank of Canada. Andrew Grantham, a senior economist at CIBC Capital Markets, said in a note Friday morning. He said that rising wages and strong job growth could make it more likely that the Bank of Canada will raise interest rates by 75 basis points at its next meeting in July.