New Immigrant Wave Contributes to Rising Unemployment in Canada

The wave of immigration in Canada has drastically increased over the last decade. The amount of influx has impacted the Canadian economy and society. Though these are positive effects, there is always another side of the coin, it readied a concern over native unemployment. Desjardins’s recent study suggested the impact of federal immigration started to show an effect on society. Let’s understand this with an example, to understand it more clearly, it is evident that new immigrants are more likely to get a job than those born in Canada.

It started in 2016, when the employment rate of new immigrants increased, which was a great sign. However, on the other hand, it shows the gradual decline in the employment rate of Canadian-born individuals. Even Canadians are also inclined toward India for the job opportunity. India is a developing country where new opportunity keeps emerging in the job market. People who are interested in such an opportunity must Book Affordable International Canada To India Flights at Flyopedia.ca.

Impact of Immigration on Canada

Demographic composition influences trends like these, where new immigrants are on the core working age limit which is between 25 to 54 years. The selection of these immigrants is based on human capital factors. These ways, make more sense as it suited for the Canadian labor force. Meanwhile, Canada has a large number of aging population. Here, a group of retirees leaving the workforce. This is drastically shown in the Canadian population which is not a good sign. However, it is one of the driving forces for immigration to get the best job opportunity.

Immigration is not a bad way to boost your economic growth but if a country doesn’t constantly neglect new reform, then the chances are local will suffer in the end. In a simple term, immigration is helping to contribute to Canada’s population growth. The majority of new immigrants come under the economic core working age.

As expected, in the upcoming years, Canada’s population will have more younger people. Currently, the median age of Canadians is 41 years. So, the influx in the younger population will increase Canada to a self-sustaining level and help economic advantages in the future. On the other hand, countries like India also emerging as a Global job market for new employees. To get the best for your future, you can book cheap flight tickets from Toronto to Mumbai and get an opportunity to be a part of an international company.

Potential Impact on Canada’s Economic Growth and Labor Market

New immigrants will keep on boosting Canada’s potential GDP growth. Many immigrants strengthen the labor force and help to contribute human capital factors. These overall factors will contribute largely to the workforce. As a result, in terms of labor input, immigration will help Canada’s GDP per capita to spike in the future. These factors are positive indicators of a healthy economy. This will benefit the increased hiring and wage growth.

However, every positivity will have to face some kind of negative in a good sense. There are concerns about the cyclical outcomes and how they impact the labor market. There are positive signs for newcomers to have favorable labor outcomes in Canada. Despite the constant challenges in the labor market, the current labor market is still producing a good impact on Canada’s GDP growth. It further indicates the in-demand of skills and desirable human capital factors.

In summary, Canada’s immigration keeps on giving good results and positive outcomes. These factors are beneficial for a country’s society and economic growth. After the COVID-19 pandemic, the spike in immigrants showcases a lot of positive impacts. However, the concern toward locals should checked constantly to get an overall impact in the future run. In an estimate, in the next three years, there is optimism for Canada’s overall growth as compared to other countries. In addition, you can even book cheap business class flights to New Delhi and get familiar with and grasp new job opportunities in a country like India which constantly offers new job opportunities due to its developing nation status.