A record number of job vacancies were reported in Canada in the second quarter of 2021, according to the data released by Statistics Canada. The job vacancy rate in Canada between April and June was 4.6 per cent, the highest since 2015. The total number of vacancies reported in the quarter was 731900, which is 26 per cent more than the number of vacancies reported during the same period last year.
The average wages for workers was also increased during the time period to $22.85 per hour, $1.55 higher compared to 2019. The hike in wages was reported provinces like Newfoundland, Labrador, Alberta, Prince Edward Island and British Columbia. The number of job vacancies was also high in almost all Canadian provinces, especially in Quebec, Ontario and British Columbia.
Another noticeable factor during the second quarter was the labour shortage, which is still being experienced in different parts of Canada. The drop in immigration rates last year is assumed to be a major reason for this labour shortage.
The sectors which witnessed a high number of job vacancies were healthcare and social assistance. The vacancies increased by a whopping 40000 to 108800 during the second quarter of 2021. A high number of vacancies were reported in hospitals as well as nursing and residential care facilities. The vacancies for nurses and psychiatric nurses saw the largest increase over the past two years. Their average hourly wage also increased during this period by almost six per cent compared to 2019, to $32.50. The other sectors which witnessed an increase in job vacancies during the period were construction, retail, manufacturing, as well as accommodation and food services.
According to a survey conducted by Statistics Canada, more than eight per cent of businesses are expecting an increase in job vacancies in the current quarter as well. In July this year, Canada was recruiting more than 800000 positions, which is higher compared to June.
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