Temporary Residents, New Immigrants Push Up Canada Unemployment

  • Newcomers meant to fill labor shortages now searching for work
  • Planned cap on non-permanent residents may lower unemployment
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Temporary residents and recent immigrants are driving up Canada’s unemployment rate, as record numbers of newcomers welcomed to the country to fill labor shortages are now struggling to find work.

The unemployment rate for temporary residents – including foreign workers, international students and asylum seekers – was 11% in June, according to Bloomberg calculations. Using comparable data, the unemployment rate for all workers was just 6.2% last month.