The unemployment rate in Canada has dropped to an all-time low of 5.2 percent.

The unemployment rate in Canada has once again reached an all-time low. According to Statistics Canada, it dipped to 5.2 percent in April, down from the previous high of 5.3 percent in March.

With over 800,000 vacant jobs, Canada has a historically high employment vacancy rate. As a result, the federal government and provinces across Canada are attempting to relax the laws governing the Temporary Foreign Worker Program (TFWP).

In order to meet its labour force needs, Canada is also trying to welcome additional immigrants. Canada plans to admit around 430,000 immigrants per year under the Immigration Levels Plan 2022-2024, with the majority of them falling into the lower economic class.