The number of vacancies in the country continues to increase

The number of job vacancies in Canada hit 957,500 in the first quarter of 2022, the highest quarterly number on record, according to Statistics Canada data released on Tuesday.

The job vacancy rate in the country “has been on an upward trend since the first quarter of 2016,” Statistics Canada said on Tuesday.

It thus rose significantly from 3.8% in the first quarter of 2021 to 5.3% in the third quarter of the same year and finally settled at 5.6% in the first quarter of 2022.

The Federal Agency assumes that the number of vacancies will continue to increase, albeit at a “slower pace”, in particular due to the recovery in employment.

According to Statistics Canada, the number of vacancies in some provinces “changed little” between the fourth quarter of 2021 and the first quarter of 2022.

The largest increases were in Newfoundland and Labrador (+12.6% to 8,500), New Brunswick (+8.7%, 16,300), Manitoba (+5.1%, 27,700) and Ontario (+3.1%, 359,000) recorded.

Compared to the first quarter of 2020, job vacancies increased by 72.3% nationwide, with the largest increases in Alberta (+80.8% to 95,200) and Ontario (+80.2% to 359,000).

The ratio of unemployment to job vacancies also varied from province to province. While in Quebec (0.9) and British Columbia (0.9) there was less than one unemployed person for every vacancy, in Newfoundland and Labrador (3.8) there were almost four unemployed persons for every vacancy. “A lower rate indicates a tighter labor market and possible labor shortages,” the agency said.

According to Statistics Canada, job vacancies hit new highs in several sectors in the first quarter of 2022 compared to the fourth quarter of 2021.

This applies in particular to healthcare and social work (136,800 vacancies in the first quarter of 2022, which is 5% more than in the fourth quarter of 2021) and construction (+7.1%, 81,500 vacancies). ) manufacturing (+5.3%, 87,400 vacancies) and retail (+12.8%, 114,600 vacancies).

At the same time, the number of vacancies in the hospitality sector (-12.2% to 133,800) decreased quarter by quarter but increased by 88% compared to the first quarter of 2020, i.e. at the beginning of the pandemic.

Across all sectors, there were 890.4k job vacancies in the first quarter of 2022, compared with 512.8k two years earlier, a 73.6% variation.

Statistics Canada also pointed out that across all sectors, “wages offered increased by 2.5% year-on-year in the first quarter of 2022.”

This compares to a 5.8% increase in the consumer price index (CPI) over the same period and an increase in the average hourly wage for all workers (as measured by the labor force) by 3%.

Leave a Comment