The number of vacancies reaches a new high

The number of vacancies in Quebec exceeded the number of unemployed in June. Nationwide, job vacancies totaled 1,037,900 in June, up 3.2% from the peak in May.

This is the third straight monthly increase in the country, according to Statistics Canada data released on Thursday.

Canada’s job vacancy rate was 5.9% in June, hitting the record high set in September 2021 and up from 4.9% in June 2021.

“The unemployment to job vacancy ratio was at a record low of 1.0 in June, meaning there was one person unemployed for every job vacancy,” Statistics Canada noted, noting that that ratio fell from 1.9 in June 2021 differs.

The number of people employed in almost all service sectors increased in June, notably in education (+26,400; +1.9%), hospitality (+16,600; +1.3%), professional, scientific and technical services (+8,800 ; +0.8%). and health care and social assistance (+8400; +0.4%).

Public administration (-3,900; -0.3%) was the only service sector to fall in June.

According to Statistics Canada, the number of vacancies in June exceeded the number of unemployed in four provinces.

The unemployment to vacancy ratio was well below 1.0 in Quebec (0.6), British Columbia (0.7), Saskatchewan (0.8) and Manitoba (0.9). Newfoundland and Labrador (2.7) continued to record the highest unemployment to job vacancy ratio among the provinces.

The federal agency also pointed out that wages had risen in June in all federal states compared to the previous year. Average weekly earnings rose 3.5% yoy to $1,159 in June, and its growth exceeded that in May (+2.5%).

“12-month average weekly earnings growth has been on an uptrend since June 2021,” Statistics Canada said.

The largest increases in 12-month average weekly earnings were in the Yukon (+6.6% to $1,360) and New Brunswick (+5.5% to $1,067). In Quebec, it rose from $1,060.95 to $1,105.28 (+4.2%) in a year. Ontario saw weekly wages rise 2.7% (to $1,180), while Prince Edward Island saw the smallest change (1.8%).

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