Statistics Canada has released the 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.
Jobs in five sectors were most likely to reflect a wage increase. The professional, scientific, and technical sectors saw the largest increase, 11.3%, to an average hourly wage of $37.05. Wholesale trade jobs average $26.10 per hour.
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Conversely, retail trade job wages rose only 5.7%, lower than the CPI, and healthcare and social assistance rose only 3.6% over last year to $25.85. Overall, most job vacancies report hourly wages that are on par with, or below, the CPI for the second quarter of 2022.
Job vacancies rose in six provinces between the first and second quarters of 2022. Ontario saw the most significant increase, rising 6.6% to a total of 379, 700 job vacancies. Nova Scotia also experienced a rise of 6%. British Columbia, Manitoba, Alberta, and Quebec saw rises between 5.6% and 2.4%.
The only province to show a decrease in job vacancies was New Brunswick, which dropped 6.1% to 15, 200 open positions. There was no notable change in the remaining provinces and territories.
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The high job vacancy rate combined with the low unemployment rate means some employers are having difficulties filling vacant positions and experiencing a longer hiring process. Through the second quarter, there were only 44 people hired for every 100 vacancies. Canada’s labour shortage is expected to become more acute into 2030 as over nine million Canadians reach the retirement age of 65 and the birth rate remains low at 1.4 children per woman.Canada’s employment levels made a full recovery as labor market performance peaked in February 2022. The country added about 337, 000 jobs last month, enabling Canada immigration to push unemployment rates to a record low. The record unemployment rate in Canada was 5.4 per cent in May 2019, the pre-COVID-19 times.
Statistics Canada has released its monthly Labour Force Survey that examines the present labor market condition in Canada. It noted employment gains in the month of February across the provinces, with the largest increases in immigration-friendly regions of Ontario, Alberta, British Columbia, and Quebec. The recovery is evident in hard-hit industries like retail trade, accommodation and food services, information, culture, and recreation services.
With unemployment in Canada dropping to 5.5 per cent, lower than in February 2020, there are even more avenues for off-shore immigrants now open to finding a job in Canada.
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“Given the pressing need to address labor scarcity, it is important that the government works to increase immigrant landings from outside Canada.
Amid pandemic disruption to international mobility, Canada immigration kept unemployment rates low by increasingly converting the status of temporary residents located in Canada to permanent residents.
However, many temporary workers are already employed in Canada. With increased economic activity, eligible immigrants from outside Canada will now be targeted to fulfil the increased job vacancies.
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Additionally, Canada offers special bridging programs for direct immigrants in Canada who do not have any prior Canadian work experience. Bridging programs are nothing but special educational programs for internationally trained professionals to make them accustomed to Canadian work culture and way of life.
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A career in IT can span across areas like Development, Project Management, and Quality Assurance. IT careers can mean that you are specializing in areas like development, project management, and quality assurance. The Canadian province of Ontario, Quebec welcomes a major part of foreign skilled immigrants having prior experience in IT every year. There are wide options for both short-term contracting and full-time in these regions.
There are bridging programs available for several different professions, from accounting to optometry. Direct PR applicants finding a job in Canada in a field that requires licensing or credentials will be more successful if they go through a bridging program.
About 60% of the said target will be achieved through nominations for Canada PR under economic-class programs. These will include the Express Entry system and Provincial Nominee Programs. Thousands of foreign skilled workers, entrepreneurs, international students are said to be benefited from these immigration-friendly measures.
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