Statistics Canada has released the report on the Job Vacancy and Wage Survey for the second quarter of 2022. As per the report, vacancies have gone up by 4.7% than the first quarter of 2022 and are projected 42.3% higher than in the second quarter of 2021.
Canada has over a million job vacancies across various sectors and stands at a rate of 5.7%, the highest of all time. Based on the 2020 first quarter payroll employment results, there has been a tremendous rise in labor demand, resulting in a high number of job vacancies in Canada.
The Average Hourly Wage has gone up by 5.3%; Not equal to Consumer Price Index
Based on the report, the hourly wage has risen by 5.3% at the rate of $24.05 per hour. Moreover, the CPI has unequally gone up by 7.5%, since the second quarter of 2021.
Most Job Sectors Saw the highest wage Increase
Where the professional, scientific, and technical sectors observed an all-time high increase of 11.3%, to an average hourly wage of $37.05, and an average per hour of $26.10 is recorded for wholesale trade jobs. On the other hand, retail trade employment wages and health care jobs increased by only 5.7% and 3.6%, respectively.
Rise in Job Vacancies in Six Provinces
Between the first and second quarters of 2022, the six Canadian provinces have seen an increase in job vacancies. Where Ontario saw the highest rise of 6.6% and 379,700 total job vacancies, Nova Scotia observed an increase of 6%, and British Columbia, Manitoba, Alberta, and Quebec experienced an increase of between 5.6% and 2.4%. However, New Brunswick province of Canada saw a drop of 6.1% and 15,200 open job vacancies only.
Job Vacancies Statistics Per Sector
|Job Sector||% Rise in Job Vacancies – Between First and Second Quarter of 2022||Provinces with Highest Vacancies|
|Healthcare and social assistance||6% Rise (135,300 to 136,100) Job Vacancies; 29% Rise from the second quarter of 2021.||Manitoba with a job vacancy rate of 6.7 %|
|Accommodation and Food Services||12.7%, 149,600 vacant jobs, and an overall job vacancy rate of 10.9%.||Kootenay region of Province British Columbia.|
|Professional, scientific, and technical services||Nearly 8% with 74,600 Job Vacancies; A rise of 13.3% in Natural and applied sciences||Toronto, Montreal, and Vancouver|
What is the Challenge?
Due to the high job vacancy rate, many unemployed persons are facing problems in filling vacant job positions as only 44 people get employment for every 100 vacancies in Canada. Moreover, it is forecasted that the labor shortage in Canada will become more acute by 2030.