Thanks. That's very generous of you with your comments. It's unnecessary, but I appreciate it nevertheless.
Immigration is an economic portfolio, in addition to being a humanitarian portfolio. In my view, it's never been more important than it is today that we embrace immigration as an economic growth strategy.
I look at the extraordinary economic recovery from COVID-19 that we're living through right now. Despite the fact that we've seen record job growth and the lowest unemployment rate since we started keeping track of those statistics, before the omicron variant hit us at the end of the year, there were 965,000 jobs available in Canada. We cannot fill those jobs with a domestic labour force. If we want to maximize our economic potential as a country to pay for all of the things we enjoy, we need to bring more people into that workforce to kick-start even more economic growth.
The announcement that you referred to included an additional component as well, which was for the extension of post-graduate work permits of people that had recently expired or were soon to be expired, so they'll be able to continue to stay and work in Canada.
With respect to the resumption of the draws for the Canadian experience class and federal skilled workers stream, this is really important. There was a significant pause as a result of the decision that was taken during the pandemic to not process certain streams as we were trying to deal with a closed border to protect the public from the spread of COVID-19. It put real pressures on the system. I recognize that some of these people may have been in Canada and may have been eligible for the TR to PR program instead, for example.
The advantage to that pause is about to reveal itself in a very positive way. When we resume the draws in July, we're also going to be back to the ordinary service standard rather than having an unpredictable amount of time before a person will be resettled as a permanent resident. Getting back to a reasonable volume and a reasonable processing time is not just good to give peace of mind to the applicant but certainty to potential employers as well as to when their new, highly skilled talent is going to arrive at the workplace.
This is going to make a very big difference and is going to allow thousands and thousands of people to come and make a contribution to our communities.