{"id":4839,"date":"2023-10-07T12:36:32","date_gmt":"2023-10-07T12:36:32","guid":{"rendered":"https:\/\/www.beacanadian.com\/?p=4839"},"modified":"2023-10-10T13:25:01","modified_gmt":"2023-10-10T13:25:01","slug":"unemployment-rate-in-ontario","status":"publish","type":"post","link":"https:\/\/www.beacanadian.com\/blog\/unemployment-rate-in-ontario\/","title":{"rendered":"New Report Says Ontario&#8217;s Unemployment Rate Hits 5.9%"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"4839\" class=\"elementor elementor-4839\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0b82638 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0b82638\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-extended\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-08a6cac\" data-id=\"08a6cac\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-128b0fa elementor-widget elementor-widget-text-editor\" data-id=\"128b0fa\" data-element_type=\"widget\" id=\"tagk\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\tCanada Immigration News\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8649a50 elementor-widget elementor-widget-heading\" data-id=\"8649a50\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Latest Job Report! Ontario's Unemployment Rate Increased to 5.9%\n<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d241fab elementor-widget elementor-widget-text-editor\" data-id=\"d241fab\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><b>In August 2023, Ontario&#8217;s unemployment rate increased to 5.9%. <\/b><span style=\"font-weight: 400\">This change may offer opportunities for immigrants seeking jobs in the province.<\/span><\/p><h2><span style=\"color: #4c7a9d\"><b>Employment Statistics for August 2023<br \/><\/b><\/span><\/h2><p><span style=\"font-weight: 400\">In August 2023, <\/span><b>Ontario had 7,940,000 employed individuals, slightly down from 7,949,300 in July 2023.<\/b><span style=\"font-weight: 400\"> The rise in Ontario&#8217;s unemployment rate is due to a larger working-age population (15 and older) with minimal employment growth.<\/span><\/p><h2><span style=\"color: #4c7a9d\"><b>Unemployment Trends in Other Provinces<\/b><\/span><\/h2><p><span style=\"font-weight: 400\">Unemployment rates also rose in Manitoba, Saskatchewan, New Brunswick, and Newfoundland and Labrador in August 2023. Conversely, Alberta, British Columbia, Quebec, and Prince Edward Island saw declines in their unemployment rates.<br \/><\/span><\/p><h2><span style=\"color: #4c7a9d\"><b>Unemployment Rate in Toronto<\/b><\/span><\/h2><p>Toronto now has the highest unemployment rate among Montreal, Toronto, and Vancouver, collectively known as MTV, standing at 6.6%.<\/p><h2><span style=\"color: #4c7a9d\"><b>Employment Sector Changes<br \/><\/b><\/span><\/h2><p>Employment increased in professional, scientific, and technical services by 52,000 (2.8%) and in construction by 34,000 (2.2%). Conversely, educational services decreased by 44,000 (-2.9%), and manufacturing dropped by 30,000 (-1.6%).<\/p><h2><span style=\"color: #4c7a9d\"><b>Changes in Self-Employment<\/b><\/span><\/h2><p><b>Self-employment increased by 50,000 (1.9%) in August<\/b><span style=\"font-weight: 400\">, marking the first significant rise in nine months.<\/span><\/p><h2><span style=\"color: #4c7a9d\"><b>Demographic Employment Trends<\/b><\/span><\/h2><p><span style=\"font-weight: 400\">Employment for individuals aged 25 to 54 increased by 33,000 (+0.5%) for men and 21,000 (+0.3%) for women. Employment among women aged 55 and older decreased by 27,000 (-1.3%). Female youth employment increased by 32,000 (+2.4%), while male youth employment decreased by 29,000 (-2.1%).<\/span><\/p><h2><span style=\"color: #4c7a9d\"><b>Challenges for Job Seekers<\/b><\/span><\/h2><p><b>Statistics Canada reported that 57.8% of those unemployed in July remained unemployed in August<\/b><span style=\"font-weight: 400\">, indicating that job seekers may face greater challenges than in the past.<\/span><\/p><h2><span style=\"color: #4c7a9d\"><b>Job Market Stability<\/b><\/span><\/h2><p><span style=\"font-weight: 400\">In August 2023, the job-changing rate was 0.4%, lower than the peak of 0.8% in January 2022 and the 0.7% average from 2017 to 2019 before the COVID-19 pandemic. This suggests that workers may be settling into their current positions or that the job market is less favorable for job seekers.<\/span><\/p><h2><span style=\"color: #4c7a9d\"><b>Youth Employment Trends<\/b><\/span><\/h2><p><span style=\"font-weight: 400\">For young adults aged 15 to 24, 0.8% changed jobs in August 2023, lower than the 1.6% average from 2017 to 2019.<\/span><\/p><h2><span style=\"color: #4c7a9d\"><b>Unemployment Rate Across Canada<br \/><\/b><\/span><\/h2><p><span style=\"font-weight: 400\">As of August 2023, Canada&#8217;s overall unemployment rate is 5.5%.<\/span><\/p><h2><span style=\"color: #4c7a9d\"><b>Provincial Unemployment Rates<br \/><\/b><\/span><\/h2><p><b>Quebec has the lowest unemployment rate in Canada at 4.3%, followed by British Columbia at 5.2% and Saskatchewan at 5.4%. The highest unemployment rates are found in Atlantic provinces<\/b><span style=\"font-weight: 400\">, with Newfoundland and Labrador at 8.9%, New Brunswick at 7.7%, and Prince Edward Island at 7.6%. Ontario&#8217;s unemployment rate is 5.9%, while Alberta and Manitoba both have rates of 5.7%.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-96feb90 elementor-align-left elementor-widget elementor-widget-breadcrumbs\" data-id=\"96feb90\" data-element_type=\"widget\" data-widget_type=\"breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/www.beacanadian.com\/app\/plugins\/elementor-pro\/assets\/css\/widget-theme-elements.min.css\"><p id=\"breadcrumbs\"><span><span><a href=\"https:\/\/www.beacanadian.com\/\">Home<\/a><\/span><\/span><\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-8a44ca8\" data-id=\"8a44ca8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1f04292 elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1f04292\" data-element_type=\"section\" data-settings=\"{&quot;animation&quot;:&quot;none&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-extended\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-cf5bebf\" data-id=\"cf5bebf\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-39a2795 elementor-widget elementor-widget-image\" data-id=\"39a2795\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! 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Explore its effects on the job market and opportunities for immigrants and job seekers in the province.<\/p>\n","protected":false},"author":3,"featured_media":4880,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.0 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Report Says Ontario&#039;s Unemployment Rate Hits 5.9%<\/title>\n<meta name=\"description\" content=\"Discover the latest update on Ontario&#039;s unemployment rate, which edged up to 5.9% in August 2023. 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