Canada’s unemployment rate hits a new low. In 2022, these ten types of jobs are the most profitable!
Statistics Canada’s June Labor Force Survey shows that Canada’s labor market is still tightening and it is difficult for Canadian employers to recruit suitable workers.
In June 2022, the number of employed people in Canada fell by 43,000. This was the first employment decline unrelated to epidemic-related restrictions since the epidemic. The main reason for this employment decline is that a large number of people aged 55 and above are leaving the Canadian labor market.
As the number of people looking for work decreases, Canada’s unemployment rate will reach 4.9%, a record low.
1. Increasing labor market inclusion
Liam Daly, an economist at the Conference Board of Canada, said that amid a tight labor market, employment has increased for some groups, such as recent immigrants who have landed and Local Aboriginals etc.
"These improvements suggest that the labor shortage is making Canada's labor market more inclusive as it attracts workers who have traditionally faced underemployment or lower employment and labor force participation rates."
Canada's services sector employment fell by 7.6% in June Thousands of people, across multiple industries including retail trade.
However, employment in goods-producing industries increased by 33,000, and employment in construction and manufacturing also increased, and this is the first time construction has increased since March.
Scotiabank economist Nikita Perevalov said the decline in employment in the retail and wholesale trade industries was worrying and could be explained by a drop in living expenses due to weak consumption. Inflation in Canada is costing jobs in the industry.
2, average salary has increased
The tight labor market has also pushed up wages in Canada. In June, Canada's average hourly wage rose 5.2% year-on-year to 31.24 Canadian dollars.
TD Bank economist Rishi Sondhi said: "The tight job market is driving stronger wage growth, which will go some way to offset the erosion of inflation on real income."
One way to ease the labor shortage is to admit more satisfied workers In order to meet the demand for high-skilled immigrants, in the first half of 2022, Canada has added approximately 200,000 new permanent residents.
So in Canada, what kind of jobs are more popular and pay higher? Randstad, a global employment agency, has announced the highest-paying jobs in Canada in the next year. Let’s take a look. The following rankings are in no particular order.
1. Software developers and software engineers
The first is the people responsible for software development and software engineers, whose annual income can usually reach more than six figures.
2. Financial Director
The next highest-paying job is that of Financial Director. The salary for this job ranges from $80,000 to $150,000.
3. Production Manager
Another high-paying job is the production manager, whose main job is to supervise the production and operation of the factory. Experienced production managers may earn between $90,000 and $160,000 per year.
4. Application Programming Manager
This position can easily bring in more than $100,000 per year.
5. Marketing Director
Marketing directors are the same as application programming managers. Experienced people can earn up to $100,000 per year.
6. Business Development Manager
The sixth occupation shown on the list is business development manager, with an average annual salary between $85,000 and $100,000.
7. Cloud Architect
In the position of cloud architect, you can get a six-figure income.
8. IT Operations Manager
The IT industry seems to have high-paying jobs everywhere, so IT operations managers are also on the list, and they also earn six figures a year.
9. Electrical Engineer
Depending on the location, the annual salary of an electrical engineer ranges from $100,000 to $115,000.
10. Construction Project Manager
The last job rated as the highest paying job in 2022 is construction project manager, with an annual salary of approximately $100,000.
Meanwhile, this report also reveals the most popular professionals in 2022:
Customer service representatives
Scheduling specialists
Scheduling specialists
S ales representatives
Sales representatives
Cleaning specialists
Cleaning specialists
Repair and maintenance workers
Repair and maintenance workers
Budgeting specialists
Budget specialists
Project management
Project management
Quality control specialists
Quality control specialists
Administrative assistants
Administrative assistants
Accountants
Accountants
The above are the top ten highest paying job categories and most popular occupations in Canada in 2022. Is your industry among them?
