3 Professions with the Lowest Unemployment Rates in Canada

Want to secure a job after university? If you pursue one of these professions, you might just have an edge!

A vital consideration in choosing a university major is its potential to land us a job after graduation. This becomes especially important if one is looking to immigrate to Canada on the post-graduation work permit (PGWP). The document in question allows one to work in any Canadian industry after graduating from a designated learning institution (DLI) – for a maximum of 3 years! If you manage to secure a job in a skilled field, moreover, you can apply for permanent residence after just one year of full-time work.

So, read ahead if you are currently in search of a job route that is almost guaranteed to have a place for you! This list includes three professions that boast unemployment rates lower than the Canadian national average of 5.0%, and absorb most of the job seekers who are looking to operate within them.

1. Wholesale and retail trade

Organizations engaged with wholesale merchandising and rendering services “incidental to the sale of merchandise” are typically found under the bracket of “wholesale trade.” The unemployment rate for this sector has steadily fallen from 3.8% to 2.0% between 2021 and 2022. A similar pattern is observed within retail trade, which has gone from 5.1 to 3.6 percent unemployment during the same time-frame.

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2. Finance and insurance

With 230,328 establishments across Canada, this industry holds a large volume of workers who are engaged in various financial activities. These include, but are not limited to, financial transactions, intermediations, incurring liabilities, and pooling risk. The responsibility accompanying this work also comes with an above-average pay-check of $31.48 an hour.

Not only that – if you are qualified for and applying to a job in the finance and insurance sector, there is a very high chance you will get it! After all, finance and insurance has an unemployment rate of 1.6% in 2022 – one of the lowest among all market sectors.

3. Registered nursing

The healthcare and social assistance sector in general has an unemployment rate of just 1.7%, while it makes up 13.4% of total employment in Canada. This showcases the large proportion of the Canadian national workforce that is dominated by healthcare workers – especially registered nurses.

Nurses are responsible for providing care to patients and delivering healthcare education programs. They are usually skilled in interdisciplinary health interventions, wherein coordination with varying members of a health team is crucial for success. These qualifications allow them a median salary of $40 an hour (median), and up to $49 an hour on the higher end of the scale.

For more information on how we can help you navigate that route, contact us at [email protected]. See you soon!



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