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Canada’s average hourly wages rose by 5.4% in 2023.

January 16, 2024

SPS Canada

Announcement,Business Immigration,canada business,Canada Immigration,Immigrate to canada,Living in Canada,SPS Canada,Working in Canada

Employment virtually unchanged in December

December employment remained unchanged (0.0%), following a similar trend from November (+25,000; +0.1%) and October (+18,000; +0.1%).
Growth slowed in the second half of 2023, averaging 23,000 per month, compared to the first six months’ 48,000 monthly average.
The Labor Force Survey (LFS) reported a population increase of 74,000 (+0.2%) in December, aligning with the 2023 monthly average of 79,000.
The employment rate declined by 0.2 percentage points to 61.6%, marking the fifth decline in six months.
Throughout 2023, the employment rate trended downward due to population growth outpacing employment gains.
December’s rate of 61.6% was 0.9 percentage points lower than January 2023’s recent high of 62.5%.(for more details)

53% of Canadians support a four-day work week: Survey - BNN Bloomberg

Employment rises in professional, scientific, and technical services.

Employment in professional, scientific, and technical services rose by 46,000 (+2.4%) in December, marking the second monthly increase in 2023.
On a year-over-year basis, this industry saw a gain of 78,000 jobs (+4.2%) in December.
After four months of stability, employment in health care and social assistance increased by 16,000 (+0.6%) in December, contributing to a year-over-year rise of 124,000 jobs (+4.8%).
The job vacancy rate in healthcare and social assistance was 5.3% in October 2023, down from a peak of 6.3% in April, but still the highest across all sectors.
Employment declined for the third consecutive month in wholesale and retail trade (-21,000; -0.7%) in December.
From August to December, the industry experienced a decrease of 80,000 jobs (-2.7%), following gains from December 2022 to August 2023 when employment increased by 108,000 (+3.7%).

The number of Canadians providing app-based ride-or-delivery services will grow in 2023.

In 2023, digital platforms and apps continued to provide Canadians with convenient access to personal transport and delivery services, enabling individuals to earn income by performing associated work activities.
These platforms connect drivers and customers, managing service delivery through user ratings, client assignments, and payment processing.
According to December 2023 LFS data, 135,000 Canadians aged 16 to 69 offered ride or taxi services through apps, a 48.1% increase (+44,000) compared to 2022. Delivery services through apps also rose by 45,000 (+19.2%) to reach 272,000.
Half (49.9%) of those providing services in 2023 were in the largest metropolitan areas—Toronto, Montréal, and Vancouver—a pattern like 2022.
Landed immigrants constituted 57.5% of the 365,000 people providing services through apps in the 12 months ending December 2023, up from 53.4% in the same period in 2022.
Most service providers (70.5%) belonged to racialized groups, with South Asian (30.2%) and Black (10.3%) Canadians being the largest proportions.

Get in touch with SPS Canada

Receive professional advice on any of your questions regarding Canadian immigration. get in touch with us, experienced immigration consultants from SPS Canada. For additional information, contact support@spscanada.com (Canada) or support.amd@spscanada.com

(Ahmedabad), or by phone at (1) 905-362-9393 (Canada) or +919586226232 (Ahmedabad).

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