Population growth caused by record immigration continues to outpace employment rate: Statistics Canada
https://tnc.news/2024/09/06/population-growth-record-immigration-outpace-employment/
The Trudeau government’s immigration plans continue to have a detrimental impact on the Canadian economy as Canada’s population continues to grow, according to Statistics Canada’s August Labour Force Survey.
Statistics Canada revealed that while the economy added a modest 22,000 jobs last month, the added jobs were quickly outpaced by the country’s rapid population growth.
As a result, Canada’s unemployment rate increased to 6.6% last month, up two percentage points from July.
Educational services, healthcare, finance, real estate, insurance, social assistance, rental and leasing all saw an uptick in employment.
Meanwhile, natural resources, utilities, scientific, technical and professional services all saw a decline.
According to the survey, the student unemployment rate average of 16.7% between May and August was the highest recorded since summer 2012, excluding the pandemic summer of 2020. Continue…