Job vacancies in Canada are hiking even more and it reached 1,000,000 in May this year. It has increased 3.2% from the months May to June with 32,000 jobs still available all over the country. This means the number of job vacancies has exceeded 1 million in three consecutive months.
We see that there is a significant increase compared to last year’s June and this June’s job vacancy. The greater proportion of labour demand is why still there are so many unfulfilled jobs in Canada.
High job vacancy sectors in Canada
- Healthcare and social assistance sectors in which job vacancies are up 40.8% compared to the last year. Precisely, these sectors had 149,700 unfilled jobs in June and a 6.3% of job vacancy rate.
- The accommodation and food sector had 171,700 job vacancies in June, i.e., an increase of 6.6% compared to last year. The cumulative job vacancy in these sectors is now 12.2 %.
- Job vacancies in the retail sector have gone up 22.5 % since June 2021 and currently, 114,400 vacancies are open and available in this sector.
- Manufacturing: 82,800 job vacancies
- Professional, scientific, and technical services: 72,200 job vacancies
- Transportation and warehousing: 49,000 vacancies
- Finance and insurance: 41,200 job vacancies.
According to Canada’s latest report on job vacancies, “ the unemployment-to-job-vacancy ratio reached a record low of 1:0 in June, meaning that there was one unemployed person for each vacant job.”
Even though this ratio applies to the entire country, it is noteworthy that four provinces had an unemployment-to-job-vacancy ratio of less than one (1:0) in June. These were Manitoba (0:9), Saskatchewan (0:8), British Columbia (0:7), and Quebec (0:6). Newfoundland and Labrador, on the other hand, had the highest ratio of any province during this reporting period, 2:7.
Unemployment in Canada continues to decrease while job vacancy rises all over the country. Canada looks at immigration as one of the methods to solve this problem by inviting a large number of prospective permanent residents between now and 2024.
If you’re planning a Canada immigration, we are here to help you out. Contact us now to talk to our CanApprove consultant.