IMMIGRANTS CAN HELP CREATING MORE JOBS POST-COVID-19

As we have discussed earlier immigrants can help in the fast recovery by creating more jobs after the COVID-19 pandemic. A disaster that is still hurting the Canadian economy and has been a cause of many job losses. There is no doubt that the economy is facing tough times. However, there are most chances that the immigrants will help in bringing stability to the newly created jobs and also support job creation in many other ways. Previous stats have shown that immigrants have a high potential and propensity to start businesses.

SMEs or fresh businesses are good for the economic recovery process and can sustain the economy at a far rapid pace. In terms of job creation, immigrant entrepreneurs have done a fantastic job from 2003 to 2013 according to previous stats. According to stats, these jobs account for 25% of new private-sector jobs within the decade period. Hence, immigrant entrepreneurs can contribute heavily to the economy of Canada in terms of the creation of jobs, part-time & full-time vacancies, and giving a big hand in the recovery process.

According to the Federal Govt. statistics, over 600,000 international students in Canada are contributors to over $22 billion in economic activity every year. This is also a huge contribution in terms of placements being 200,000 jobs annually. The country already has over 8 million population that is immigrants and their contributions to the economy of Canada are even bigger.

Courtesy: MBE Blog