Job Vacancies in Canada remain near Record Highs
According to Statistics Canada, Canada’s Job Openings increased by 72% compared to the same period in 2019.
The number of job vacancies in Canada remains high with 874,700 unfilled positions, according to the latest Statistics Canada figures.
According to November data, vacancies have decreased by 9.3% since October, but are significantly higher than they were before the pandemic began. The last two months have fallen from record highs recorded in September, but vacancies remain 72 higher than in the fourth quarter of 2019.
The job vacancy rate, which measures job vacancies as a share of all vacant and filled positions, was 5.1% in November, up 2.1 percentage points from before the pandemic, according to Statistics Canada.
The transportation and warehousing industry recorded a record 51,500 job openings in November. The vacancy rate for this sector was 6.2% in November, the highest monthly rate since this data began to be collected in October 2020.
Other key economic sectors affected by high job vacancies are:
- Accommodation
- Food Services
- Healthcare and
- Construction
The month of November saw an 11.7% drop in vacancies in the following sectors:
- Accommodation and food services sector to 130,100, despite this drop, the sector posted a 9.9% vacancy rate in November, outpacing all other sectors for the seventh consecutive month.
- In the health care sector, the number of vacancies stood at 119,600, with a vacancy rate of 5.2%.
- In construction, the number of vacancies was 67,800 in November, with a vacancy rate of 5.6%.
Compared with the previous month, the number of job vacancies decreased in six provinces in November, with the largest declines being:
- Newfoundland and Labrador
- New Brunswick
- Quebec
In contrast, Manitoba reached a record high of 27,300 job vacancies, although the province’s vacancy rate of 4.5% remained below the national average of 5.1%.
According to the payroll survey data provided by Statistics Canada, 37,200 positions were filled in November, up 0.4% from pre-pandemic levels and the sixth consecutive monthly increase.
Employment growth in November was primarily in the services sector, which included hospitality, government, professional, scientific and technical services. According to Statistics Canada, these increases in employment were due to the relaxation of capacity limits and distance requirements for many companies in the last week of October and early November.
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