Job’s Demand In Canada Is Still Approaching All-Time Highs

Job's Demand In Canada Is Still Approaching All-Time Highs

In the same period last year, Statistics Canada reported a 72 percent increase in the number of job vacancies in Canada.

Statistics Canada reports that 874,700 vacancies remain unfilled in Canada, according to the most recent data.

Why Job’s Demand In Canada Is Still Approaching All-Time Highs?

As of November, there were 9,3% fewer job openings than October, but that’s still much more than before the pandemic. In spite of the drop in the last two months from an all-time high in September, there are still 72 percent more open positions than at the same time last year.

The job vacancy rate, which is the percent of all vacancies and filled jobs, was 5.1 percent in November, up 2.1 percentage points from before the outbreak.

 

Transport and warehouse jobs reached an all-time high of 51,500 in November. November saw the highest monthly vacancy rate in this industry since October 2020, at 6.2 percent.

Vacancies in other vital economic sectors, such as accommodation and food, healthcare, and construction, are also affected. In November, the number of vacancies in the accommodation and food service sector decreased by 11.7% to 130,100. Due to this drop, the industry outperformed all other sectors for the eighth month in a row with a 9.9% vacancy rate in November.

The health-care sector had 119,600 jobs, and the vacancy rate was 5.2 percent. With a vacancy rate of 5.6 percent in November, there were 67,800 job openings in the construction industry.

Newfoundland and Labrador, New Brunswick, and Quebec experienced the greatest declines in job posts in November compared to the previous month. Despite a vacancy rate of 4.5 percent, Manitoba set a new record with 27,300 job openings.

Statistics Canada reported that 37,200 positions were filled in November, up 0.4% from pre-pandemic levels, and for the sixth consecutive month.

 

Jobs grew most in November in the service sector, which includes lodging and food services, public administration, and professional, scientific, and technical services. The last week of October and the first week of November saw several firms expand their capacity and distancing requirements, leading to an increase in jobs, according to Statistics Canada.

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