Canada has over 1million job vacancies. A Statistics Canada report shows that Canada’s job vacancies have reached all-time highs.
According to Statistics Canada’s most recent report on job vacancies and earnings, Canadian employers were actively looking to fill more than one million vacant jobs in March 2022. Canada saw a record 1,012,900 job vacancies in March, which is more than the 988,300 mark in September 2021. Between February and March, there was an increase of 186,400 vacant positions.
The job vacancy rate measures vacant positions as a percentage of filled and empty posts, and it was 5.9% higher than last September’s record (not adjusted seasonally). More than one-third of vacant positions increased in accommodation, food service, and retail trade. Accommodation and food service employers were looking to fill approximately 158,100 vacancies, while retail businesses had some 109,000.
Find out if you are eligible for Canadian immigration Record numbers of job openings were reported in construction and health care and social assistance and social services. Employers in the health care and social assistance sectors were looking for 154,500 job vacancies.
Construction employers were looking for an unprecedented 81,000. All provinces saw an increase in job vacancies. The most significant month-over-month changes were seen in Saskatchewan and Nova Scotia, and Newfoundland and Labrador also saw substantial increases. There were record numbers of job openings in Nova Scotia, Manitoba, and Saskatchewan. In March, there were 1.2 people unemployed for every job vacancy, which is down from 1.4 in February.
This decline is due to a record low unemployment rate of 5.3% and a record high core-age labor force participation rate (approximately 87%). Mainly felt were the labor shortages in Quebec, British Columbia, and British Columbia. Each had an unemployment-to-job-vacancy ratio of 0.8. Lower ratios indicate a tighter labor market, and Newfoundland, the Labrador, had the highest ratio at 4.3. Five consecutive months of job vacancies have fallen since September 2021. This is due to seasonal demand. Seasonal needs influence Canada’s economic activity, and it increases in spring and summer and decreases in winter.
