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Number of job vacancies in Canada hit record high

Number of job vacancies in Canada hit record high
Posted September 22, 2022

The number of job vacancies in Canada has reached record high, as per the data released by Statistics Canada. Overall, the job vacancy rate in Canada witnessed an increase of 4.7%  from the first quarter of 2022. It is 42.3% higher compared to the second quarter of 2021.

There are around one million job vacancies in Canada across all sectors. It means an overall percentage of 5.7%, an all-time high. 
pnp-finderFurther, wages in professional, scientific and technical sectors have witnessed the largest increase in wages, 11.3%. The average hourly wage in these sectors is $27.05

Canada provinces with highest job vacancy rate

The highest level of job vacancy rate was reported mainly in six provinces, namely Ontario, Nova Scotia, British Columbia, Manitoba and Alberta. In Ontario, the rise was 6.6%. In Nova Scotia, there was a rise of 6% and in the rest of the provinces, the increase was between 5.6% and 2.4%

Sectors with highest job vacancy rate

The job vacancy rate in the healthcare sector has consistently been remaining almost the same, around 6%. However, the job vacancy rate has increased around 29% compared to the second quarter of 2021. Some hospitals in Canada even had to reduce their services, including temporary closing of emergency rooms owing to staff shortage. Manitoba has the highest job vacancy rate in the healthcare sector, which is 6.7%. Similarly, the job vacancy rate in tech occupations in the natural and applied sciences has increased in this quarter to 9.6%.

Why Canada needs more immigrants?

High job vacancy rate and low unemployment rate means employers are finding it difficult to fill their vacant positions. Canada has an aging population and a significant portion of its labour force will hit the retirement age in the next 10 years. As Canada has low birthrate, the country does not have enough youngsters to fill the vacant positions. Canada is planning to fill the job vacancies in Canada by admitting more skilled workers to the country. Of late, Canada has adopted a number of measures to make the immigration process smoother and faster for talented immigrants from abroad.

So, for those who wish to migrate to Canada and know about the job vacancies in Canada For more information, connect with CanApprove now!

 
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