Accelerating Employment Growth for New Immigrants in Canada

Introduction: A recent economic and social report by Statistics Canada has revealed encouraging trends regarding employment rates among new immigrants in Canada. After years of disparity, new immigrants are experiencing faster employment rate growth than their Canadian-born counterparts. This blog explores the implications of this growth, the factors driving it, and its impact on the Canadian economy.

Continued Improvement in Labour Market Outcomes: Recent immigrants aged 25-54 saw a remarkable 10.7% growth in their employment rate between 2010 and 2023, surpassing the 4.1% growth among Canadian-born workers in the same period. Consequently, the employment rate gap between recent immigrants and Canadian-born individuals has significantly decreased, from 13.1% in 2010 to 6.5% in 2023.

This graph showcases the employment rates for new immigrants, older immigrants, and the Canadian-born population between 2010 and 2023.

Moreover, the study reveals a notable drop in unemployment rates among recent immigrants, from 12.1% in 2010 to 6.6% in 2023, narrowing the gap with Canadian-born workers to just 2.6%.

Immigrant Participation in Patents and Investments: Immigrants significantly drive innovation and business ownership in Canada. They contribute over one-third of all patents filed in the country despite comprising only a quarter of the population. Additionally, immigrant participation in investments in Canada is on the rise, with immigrant men and women representing 34.2% and 44.3% of investors, respectively, in 2019.

Factors Driving Success: The rise in immigration candidates with prior work experience in Canada and the implementation of the Express Entry management system are key factors contributing to the success of immigrants in the Canadian labour market. Candidates with prior Canadian work experience are more likely to have better immigration outcomes. At the same time, the Comprehensive Ranking System (CRS) under the Express Entry system favours individuals with Canadian work experience, language proficiency, and higher education.

Conclusion: The significant improvement in employment rates among new immigrants in Canada is a testament to the country’s commitment to diversity, inclusion, and economic prosperity. As immigrants continue contributing to innovation, business ownership, and economic growth, Canada reaffirms its position as a welcoming destination for talent and entrepreneurship.

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