Canadian employment gains are much higher than expected due to a surge in construction hiring. The increase has kept unemployment rates at the lowest in 40 years. In March 2018, Canada added 32,300 jobs according to Statistics Canada, which reported that over half were in the construction sector. The 5.8 percent unemployment rate was unchanged, staying the lowest in records dating back to 1976. In the first three months of 2018, annual wage gains averaged 3.2 percent, the strongest pace since 2015. With the economy remaining healthy, it is a good time to consider contacting Canadian Visa Expert for information on the needed work visa to live and be employed in Canada. Their team of experts will walk you through every step of the process.
The wage gain numbers are staying consistent with a tightening labor market after the strong economic performance in 2017 created a hiring boom in Canada. Economists are suggesting “normal” employment increases for Canada’s economy, which will keep salary pressures at sustainable levels. Even with uncertainty with trade and tougher housing regulations, the labor market is still showing resilience, according to David Madani, a senior Canadian economist at Capital Economics. Wages are showing signs of strength in the past few months. March had two-tenths of an increase in wage gains over February, but are up on average in the first quarter. March saw construction add 18,300 jobs in Canada, the largest monthly gain since February 2016. Now is a good time to relocate to Canada for work. Canadian Visa Expert will give you all of the information you need to apply for the required visa.