On December 22, Statistics Canada released its latest monthly reports on payroll employment, earnings and hours, and job vacancies for October 2022.
The section of this report addressing national job vacancies showed that total job vacancies in Canada were at a 15-month low in October.
Total job vacancies across Canada drop to 871,300
Job vacancies in Canada are down 44,300 to 871,300, down 4.8% last month (between September and October 2022).
This October figure marks the fourth straight month that Canada has reported fewer than one million job vacancies, it is on track to reach a record high in May 2022 (1,001,800) and experience more than one million job vacancies in June as well. came after
Accordingly, Canada’s job vacancy rate for October was the country’s lowest mark since June 2021 – coming in at 4.9%.
Note: Canada’s job vacancy rate is calculated by finding the number of vacant positions as a proportion of total labor demand across the country (filled plus vacant job positions).
Four sectors saw job vacancies decline by over 14.5%
Four different industries saw job vacancies decrease by at least 14% in Canada as compared to September 2022. The industry saw a decline of 11,000 (-19.9%).
Job vacancies decreased by more than 20% in two industries, including the construction sector, where total job vacancies were down 20.4% from September (-17,200 to 67,400). Finally, in the “agriculture, forestry, fishing and hunting” sector, total vacancies decreased by 3,500 (-27.7%).
Four other regions reported little change in the number of their job vacancies since September.
Four Canadian industries experienced little change in month-over-month job vacancy numbers (September to October 2022). In October, these industries posted the following totals regarding job vacancies:
Accommodation and Dining Services: 120,600
Retail trade: 94,600
Manufacturing: 72,500
Professional, scientific and technical services: 63,300
Over 150,000 job vacancies reported in the healthcare and social assistance industry
The health care and social assistance industry continued to see the most job vacancies for any single sector in Canada in October 2022, at 151,200 for the month.
The year-over-year job vacancy rate in this industry increased nearly a full percentage point (+0.9%) to 6.3%, as the sector continues to experience notable struggles to fill available job opportunities.
Five provinces see job vacancies change by 9% or more
Job vacancies moved in a positive direction between September and October 2022 for the four provinces. In Ontario, total vacancies decreased by 36,700 (-9.8%). Meanwhile, job vacancies increased by more than 10% in Quebec (10.6%, down 25,900 vacancies), Saskatchewan (12%) – where vacancies decreased by 3,200 – and British Columbia (23,500 vacancies, down 14.8%). There has been a decline.
Unfortunately, job vacancies in one Canadian province increased, as 1,900 more job vacancies in Newfoundland and Labrador were set to open by October 2022 (an increase of 29.4%).
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