A total of 994,800 job openings were available across all industries in September, representing a 3.8% increase from August. 400000 new jobs added in Ontario and Saskatchewan with high vacancy rates.
Saskatchewan and Ontario added the majority of these new jobs.
There is still a need to fill jobs because of a shortage of qualified candidates, as measured by the job vacancy rate of 5.7%.
Although these seasonal characteristics are taken into account, there are still many jobs available in September in Canada.
Job vacancies were highest in which sectors?
Unfilled positions are counted by Statistics Canada if:
- Currently, there is an open position.
- A 30-day start date is possible for this position.
- The employer is actively seeking a job opening outside the organization.
In spite of the current economic situation, specific sectors continue to have openings.
Social assistance and healthcare
A record-high 159,500 jobs remained open in the health care and social assistance sectors in September.
A 25% increase in job openings has been recorded since the start of the COVID-19 pandemic due to the ongoing high demand for professionals (like doctors, nurses, physicians, surgeons, etc.).
As part of its efforts to help alleviate labor shortages, Canada has eradicated obstacles to permanent residence (PR) for experts in this field in order to attract more professionals to immigrate to the nation.
Food services and Accommodation
According to the Bureau of Labor Statistics, the number of open lodging and food service positions increased by 12% in September to 152,400.
Seasonal considerations play a role in this large expansion, but there has been an increase in hiring and employment in the sector. There are positive expectations for the future because employment and job openings in the sector have remained high.
Retail Trade
Job openings in the retail sector increased slightly in September to 117,300. As with the national average, there was a 5.5% job vacancy rate in this field, which indicates that there will always be a need for skilled workers.
Technical services and Professional Scientific
Scientific and technical services are another industry with a steady demand for workers. The following wide industry includes legal services, accountancy, architectural and engineering, computer system design, management consulting, advertising, and public relations.
61,900 open positions were reported in the September report, indicating this is the case. Job vacancies in the industry are 5%, which mirrors the national average, which indicates that hiring will continue in the area in the months ahead.
Manufacturing
There were only 76,000 job openings in September, down from 92,100 in August. The only industry where job vacancies were decreasing was manufacturing.
Even though the reduction in job openings could be interpreted as an indication that hiring is increasing, RGDP fell for the fourth successive month while the number of job openings decreased. A real gross domestic product (RGDP), an inflation-adjusted measure of all goods and services within an industry, reflects the value of all goods and services.
Consequently, job openings in this field are probably closely related to a contraction in the industry as a whole.
Payroll increases: A note
Employers calculate payroll by counting the number of employees receiving compensation or benefits.
Companies, industries, or even an entire economy are usually measured by their payroll employment. A variety of factors can influence these numbers (including filling vacancies), as well as a variety of variables.
Employment growth in September was 0.5% across the board, with the highest gains seen in Quebec, British Columbia, and Alberta.
Employment increased the most in the following sectors:
- A total of 20,700 people are employed in healthcare and social assistance.
- Added 8,400 employees to the accommodation and food services sector.
- Added 8,200 employees to the retail trade sector.
All three of these industries are experiencing increases in employment openings, which is an extremely encouraging sign for experts in these fields. According to the aforementioned comparison, all three industries experienced the following in August:
- An increase in vacancies (hiring activities).
- Payroll employee increases (new hires).
- Production of goods and services increases in value.
It remains encouraging that Canada’s economic output is returning to pre-pandemic levels as it leaves pandemic protocols behind.
As Canada experiences a record number of open positions
The nation’s labor shortage is still primarily addressed through immigration.
The Canadian government continues to address an impending labor shortage as more of the country’s elderly population enters retirement.
Furthermore, Canada will aim to address labor shortages by immigration skilled foreign workers, as demonstrated by the expansion of economic immigration pathways such as Express Entry and the Provincial Nominee Program (PNP), as well as an aggressive immigration plan to welcome approximately 500,000 new immigrants every year.
