Nearshore Americas
Canada

Canada Sees Record Job Growth in April

Canada added 106,500 jobs in April, the highest addition to employment in a single month since 1976.

Not only are more jobs are being created, but wages are also rising, according to data released by Statistics Canada.

Most of the new jobs were full-time, while pay gains for permanent employees increased by 2.6% during the month, the strongest increase since August. The unemployment rate now stands at 5.7%.

Unlike five years ago, Canada’s economy is no longer heavily dependent on natural resource-based industries such as mining, forestry, and oil and gas, which have been overtaken by the digital services industry, with Toronto outpacing the US city of San Francisco in the number of jobs created by the tech sector.

Ontario, the most populated province and whose capital is Toronto, posted an employment increase of 47,000, while Quebec generated 38,000 jobs.

Canada’s digital economy expanded by more than 40% between 2010-17, meaning the digital services industry is outpacing the rest of the economy.

Telecom, e-commerce and IT services are some of the fastest growing segments within the digital economy.

According to the report, nearly 900,000 people worked in the digital sector in 2017, almost three times the number of people working in  forestry, fishing, mining, quarrying, and oil and gas.

Narayan Ammachchi

News Editor for Nearshore Americas, Narayan Ammachchi is a career journalist with a decade of experience in politics and international business. He works out of his base in the Indian Silicon City of Bangalore.

Add comment