Job vacancies across all sectors increased by 3.8% in September to 994,800 open positions within Canada. Most of these new jobs were in Ontario and Saskatchewan.
The job vacancy rate (the total number of vacant positions as a proportion of labor demand) rose to 5.7%, indicating a continued need to fill positions amid a labor shortage.
Seasonal factors make September a month for large vacancies, however, vacancies in Canada remain high even after accounting for this job opening.
Which sector had the maximum job vacancies?
A job is considered vacant by Statistics Canada if:
- A specific condition currently exists; And
- Work for this position can begin within 30 days; And
- The employer is actively seeking employees from outside the organization to fill this position.
In this context, high job vacancies persisted in some sectors of the economy.
health care and social assistance
Health care and social assistance saw 159,500 vacancies in September, up from a record-high number of vacancies in August.
This sector saw a 25% increase in job vacancies year-on-year, possibly linked to the continued high demand for professionals (including doctors, nurses, therapists, surgeons, etc.) Epidemic.
Canada, in an effort to address the labor shortage, has taken steps to attract more professionals in this field to immigrate to the country, even establishing permanent residency (PR) for professionals in this field. Obstacles have also been removed.
Accommodation and Dining Services
One sector that continues to search for labor, housing and food services saw 152,400 vacancies in September, a 12% increase from August.
While this huge increase can be attributed to seasonal effects, the continued return to pre-pandemic business and social protocols has helped this industry to see an increase in hiring and employment; With encouraging signs for the future as vacancies and employment in this sector have remained high throughout the year.
retail business
Retail trading saw a slight increase in job vacancies with 117,300 vacancies in September. The job vacancy rate was 5.5%, which was on par with the national average across all sectors, and a good indicator that there is a continued need for workers in the sector.
professional scientific and technical services
a vast field that includes legal services, accounting, architecture and engineering, computer systems design, management consulting, advertising, public relations, and more; Professional scientific and technical services is another sector that has seen a constant need for labor.
At 61,900 job vacancies, the September report reflects this, with an industry job vacancy rate of 5% which again reflects the national average, and shows ongoing demand and hiring efforts in the coming months. a good sign.
Production
The only industry to see a steady decline in job vacancies was manufacturing, which was down by 76,000 job vacancies in September; from a peak of 92,100 just a month earlier.
While this could be taken as a sign of an increase in hiring in the space, this drop in job vacancies has come on the back of a fourth decline in real gross domestic product (RGDP) in the past five months. RGDP is an inflation-adjusted measure that reflects the value of all goods and services within an industry.
In light of this, the possibility of reduction in job vacancies in this sector is linked to a contraction in the industry as a whole.
A Note on Payroll Increases
Payroll employment is the number of employees receiving pay or benefits from their employer.
While increases in these figures can be due to a number of factors (for example, hiring for old vacancies), payroll employment is generally considered the sole marker of the good health of a business, industry, or even economy. can be seen in
Payroll employment increased nationally by 0.5% in September, with the largest gains in Quebec, British Columbia and Alberta.
- The sectors that saw the most growth in employment were:
- healthcare and social assistance (+ 20,700 employees);
- accommodation and food services (+ 8,400 employees);
- retail trade (+ 8,200 employees);
Given that all these industries have seen an increase in job vacancies, these are very encouraging signs for professionals in these three spaces. further correlating this with the RGDP of each industry in August; We can see that all three of the above areas have experienced:
- increase in job vacancies (recruitment activities);
- increase in payroll staff (employed people); And
- An increase in the overall value of goods and services produced.
These remain promising signs as Canada exits pandemic protocols, and moves toward pre-pandemic levels of economic output.
As there are record number of job vacancies in Canada
Immigration is at the forefront of tackling the labor shortage in the country.
The Canadian government and Immigration Refugees and Citizenship Canada (IRCC) continue to take measures to address the growing labor shortage as more and more members of the aging Canadian population move into retirement.
Canada will face labor shortages with immigration of skilled foreign workers, as evidenced by the expansion of economic immigration routes such as Express Entry and the Provincial Nominee Program (PNP); as well as an aggressive immigration plan to welcome some 500,000 newcomers to Canada each year.
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