Canada is experiencing a record level of immigration each year, with a focus on attracting skilled workers. However, recent data shows that the country is also losing tens of thousands of jobs in the construction sector. Statistics Canada’s jobs data reveals that the construction industry saw a loss of 45,000 jobs in July, a 2.8 percent drop from the previous month. This decline follows a smaller decrease of 14,000 jobs in June. The construction industry has lost more jobs than any other major sector, including public administration, information, culture, and recreation, and transportation and warehousing. The shortage of workers in the construction industry is expected to worsen due to an upcoming wave of retirements. Canada is also facing a shortage of affordable housing, with millions of homes needed to meet demand. The job vacancy rate in construction is at a record high, with approximately 80,000 vacancies in the industry. Fulfilling labor shortages has been identified as a key priority for newly-appointed Immigration Minister Marc Miller. The federal government has increased its immigration targets, and there are suggestions that these targets may need to rise further. The number of new homes being built in Canada is declining, and the Canada Mortgage and Housing Corp. predicts a need for 3.5 million more homes by 2030. To address the shortage of skilled workers in the construction sector, the government has recently launched a separate stream of entry for newcomers with experience in skilled trades. This move aims to attract skilled workers in areas such as carpentry, plumbing, and welding. The addition of skilled trades to the Express Entry program is part of broader efforts to address labor shortages and ensure the construction sector has the workforce it needs. However, migrant rights groups have raised concerns about the potential exploitation of migrant workers and the need for sufficient safeguards.
National: Canada’s Construction Sector Suffers Significant Job Losses
Denial of responsibility! Swift Telecast is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – swifttelecast.com. The content will be deleted within 24 hours.