Increasing Number of Job Vacancies In Canada
Going by the latest figures, there are still a higher number of job vacancies in Canada, roughly around 1 million. Although, in recent times, the employment rate has decreased in most domains.
Based on recent reports released by Statistics Canada, the number of employees in Canada receiving pay or benefits from their employer has decreased for the first time since May 2021. The report shows that 26,000 jobs are no longer on the payroll as of last May. The provinces which saw their biggest decrease in employment rate were Ontario and Manitoba. They reported job vacancies of 30,000 and 2500, respectively. The exception, in this case, was British Columbia which reported an increase in payroll employees. These increasing number of job vacancies may further create a demand for skilled immigrants which in turn will give rise to demand for skilled Canada PR applicants by the Canadian government.
Canada PR News – Increasing Jobs
As per the report of CIC News the services sector saw a job loss of over 17000, primarily from the healthcare, education, and social assistance sectors. Another major sector that saw a significant decrease in jobs was the construction sector. Province-wide strikes were the primary reason for these job losses which further delayed the projects, thus hampering the overall growth.
In addition, Ontario saw the country’s most significant loss in retail trade jobs. This is the second month in a row that payroll employees in retail trade professions have decreased. However, the present overall retail trade employment rate is 6% greater than in May 2021. In contrast to Ontario, retail trade employment increased in Quebec, New Brunswick, British Columbia, Newfoundland, and Labrador.
The only industry that expanded in each province was professional, scientific, and technological services, which added over 10,000 jobs, primarily in tech industries like computer system design and associated services.
In May, Canada’s unemployment rate was 5.1 percent, a then-record low (it dropped further to 4.9 percent in June). According to the report, job openings in the health care and social services sectors have increased dramatically to 143,000, or 6.1 percent.
In May, Nova Scotia and Manitoba had more than 10% employment vacancy rates, mainly in the lodging and food services industry, which reported 161,000 openings. This is the 13th month in a row that lodging and food services had the most vacancies.
In Canada, there are approximately one million unfilled positions. This is consistent with April statistics, but it has been up by more than 300,000 vacant positions since May 2021. The high job vacancy rate and the low unemployment rate indicated by the Labour Force Survey for May 2022 hint at a developing labour shortage in various industries and increased demand for immigration in Canada (Canada PR) as its workforce retires. Canada intends to invite the most permanent citizens in 2022, with a target exceeding 430,000. The goal will be increased to over 450,000 by 2024.