Canadian job vacancies have reached another alltime high
22/09/2022 Other Services
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Statistics Canada says the job vacancy rate stands at 5.7% for the second quarter of 2022.
Statistics Canada has released results of the Job Vacancy and Wage Survey report for the second quarter of 2022. Overall, vacancies were up 4.7% from the first quarter of 2022 and 42.3% higher than the second quarter of 2021.
There are nearly one million job vacancies in Canada across all sectors, or an overall rate of 5.7%, an all-time high. Vacancies are calculated as the number of vacant positions as they correspond to total labour demand.
Beginning in the first quarter of 2020, the growth in labour demand has been exceeding growth in payroll employment, resulting in the current record high number of job vacancies.
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Aditya Sharma
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