Canada job vacancies have reached an all-time high

Posted on Sep 21, 2022 at 01:00 PM EST



Statistics Canada has released the results of the Jobs and Wage Survey report for the second quarter of 2022. Overall, job vacancies are up 4.7% from the first quarter of 2022 and 42.3% higher than the second quarter of 2021.

There are nearly one million job vacancies in Canada across all sectors, or an overall rate of 5.7%, an all-time high. Vacancies are calculated as the number of vacancies as they correspond to the total demand for labour.

Starting in the first quarter of 2020, the growth in labor demand exceeded the growth in payroll employment, resulting in the current record number of job vacancies.

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Wage increases in some sectors do not match the consumer price index

The report found that the average hourly wage offered across all sectors increased by 5.3% during the second quarter of 2021. It currently stands at $24.05 an hour. This rise differs from the average hourly wages of all employees, currently employed, which rose by only 4.1% by comparison.

These increases do not equal a rise in the Consumer Price Index (CPI), a key measure of inflation. The CPI increased by 7.5% compared to the same period in 2021.

Jobs in five sectors are likely to reflect an increase in wages. The professional, scientific and technical sectors saw the largest increase of 11.3% with an average hourly wage of $37.05. Average wholesale jobs are $26.10 an hour.

Conversely, retail job wages rose only 5.7%, lower than the Consumer Price Index and health and social assistance rose only 3.6% from a year ago to $25.85. Overall, the majority of job openings report hourly wages that are equal to or below the CPI for the second quarter of 2022.

Vacancies are on the rise in six provinces

Job vacancies rose in six provinces between the first and second quarters of 2022. Ontario saw the largest increase, rising 6.6% to a total of 379,700 job vacancies. Nova Scotia also saw a 6% rise. British Columbia, Manitoba, Alberta and Quebec saw increases of between 5.6% and 2.4%

The only province that showed a decrease in vacancies was New Brunswick, which fell 6.1% to 15,200 vacancies. There was no noticeable change in the remaining provinces and territories.

There was an average unemployed rate of 1.1 per job vacancy in Canada. That’s down 1.3 people per job in the first quarter of 2022 and 2.3 people over the same time last year.

Quebec and British Columbia only reported 0.8 people per vacancy. Conversely, Newfoundland and Labrador falls outside the average at 3.3 unemployed per job vacancy.

Vacancies for each sector

Health care and social assistance

There was little change in the number of job vacancies in the healthcare and social assistance sector between the first and second quarters of this year, 135,300 to 136,100, or roughly 6%. However, it is up almost 29% from the second quarter of 2021. The staffing shortage has resulted in some hospitals having to reduce services, such as temporarily closing emergency rooms.

Manitoba has the highest vacancy rate in the healthcare sector at 6.7%.

Accommodation and food services

Vacancies in the accommodation and food services sector rose 12.7% to 149,600 vacancies in the second quarter, or an overall vacancy rate of 10.9%. This is the highest vacancy rate across all sectors and is particularly evident in the Kootenay area of ​​British Columbia.

Professional, scientific and technical services

Jobs in this sector reached a high of 74,600 vacancies, an increase of nearly 8%, during the last quarter and 79% higher than in the first quarter of 2020. Toronto, Montreal, Vancouver and the surrounding area accounted for more than half of these jobs. vacancies.

The largest increase in jobs was in the natural and applied sciences, at 13.3%. Technical jobs in the natural and applied sciences also rose significantly this quarter to 9.6%.

what does that mean?

The high vacancy rate coupled with the low unemployment rate means that some employers have difficulties in filling vacancies and face a longer hiring process. During the second quarter, there were only 44 people hired for every 100 job openings. Canada’s labor shortage is expected to become more severe in 2030 as more than nine million Canadians reach the retirement age of 65 and the birth rate remains low at 1.4 children per woman.

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