Canada employment surge at an all-time high

Surya Rathee
[Published 28 Sep, 2022 | 05:08 AM]
About Author - 4 min read
1322

There is some good news coming your way if you are seeking for work in Canada. As per the latest update, overall, there are around one million open positions in Canada, which is an all-time high rate of 5.7%. This came as a great news to everyone who wanted to know about how to get job in Canada from India. The results of the Job Vacancy and Wage Survey report for the second quarter of 2022 were recently made public by Statistics Canada. Additionally, it reveals that the number of vacancies increased by 4.7% from the first quarter of 2022 and by 42.3% from the second quarter of 2021.

Check Your Canada Eligibility Now!

The disparity between Consumer Price Index and Wage increase

The average hourly income paid across all industries, according to the research, has climbed by 5.3% during the second quarter of 2021. At the moment, it is $24.05 per hour. Contrary to this increase, the average hourly wage for all currently employed workers increased by only 4.1%.

The growth in the consumer price index (CPI), a crucial indicator of inflation, is not comparable to that of these increases. When compared to the same time in 2021, the CPI rose by 7.5%. The likelihood of an increase in pay was highest for jobs in five industries. The highest rise, 11.3%, was in the professional, scientific, and technological industries, with an average hourly income of $37.05. Jobs in the wholesale trade pay on average $26.10 per hour.

While healthcare and social assistance increased only 3.6% over the previous year to $25.85, retail trade job salaries increased only 5.7%, less than the CPI. In general, most job openings reflect hourly salaries that are equal to or lower than the CPI for the second quarter of 2022.

Sector wise vacancies 

• Professional, scientific, and technical services

Jobs in this industry peaked at 74,600 open positions, up over 8% from the previous quarter and 79% from the first quarter of 2020. Over half of these positions were in Toronto, Montreal, Vancouver, and the surrounding area. Jobs in the scientific and applied sciences saw the biggest increase, at 13.3%. The percentage of tech jobs in the natural and applied sciences increased this quarter by a significant amount to 9.6%.

• Healthcare and social assistance

The number of open positions in the healthcare and social support sector decreased slightly between the first and second quarters of this year, from 135,300 to 136,100, or nearly 6%. But it has increased by about 29% during the second quarter of 2021. Some hospitals had to cut back on services due to a staffing shortfall, including temporarily closing emergency rooms. At 6.7%, Manitoba has the highest job vacancy rate in the healthcare industry.

• Accommodation and food services

In the second quarter, the number of open positions in the lodging and food services industry increased significantly by 12.7%, reaching 149,600, for a 10.9% overall job vacancy rate. This is the greatest rate of open positions across all industries, and it is especially severe in British Columbia's Kootenay region.

Provinces with most vacancies

Between the first and second quarters of 2022, there was a significant increase in the number of vacancies in at least six provinces.

The highest rise was in Ontario PNP, where job openings increased by 6.6% to 379,700 overall.

A 6% increase was also seen in Nova Scotia PNP.

There were increases in British Columbia PNP, Manitoba PNP, Alberta, and Quebec ranging from 5.6% to 2.4%.

New Brunswick was the only province where job openings fell, with a 6.1% decline to 15,200 positions available.

In a crux:

Due to the high job vacancy rate and low unemployment rate, some firms are having trouble filling open positions and are having to extend the hiring process. Only 44 employees were employed for every 100 openings during the second quarter. As more than nine million Canadians approach retirement age of 65 and the birth rate stays low at 1.4 children per woman, the labour shortage in Canada is anticipated to worsen into 2030.