The job vacancies portion of this update revealed that Canada had over 1,000,000 job vacancies in May of this year.
Health care and social assistance sector experiencing a job vacancy rate of over 6%
Job vacancies in the health care and social assistance sector is facing with 149,700 unfilled jobs and a job vacancy rate of 6.3%, which is 0.4% higher than the total job vacancy rate across the country.
Other sectors with notable job vacancies: accommodation and food; retail trade
Faring worse than health care and social assistance, the accommodation and food sector saw 171,700 job vacancies in June.
The retail trade sector saw, totalling 114,400 open and available positions
Quick numbers regarding job vacancies in more employment sectors
- Construction: 89,200 job vacancies
- Manufacturing: 82,800 job vacancies
- Professional, scientific, and technical services: 72,200 job vacancies
- Transportation and warehousing: 49,000 job vacancies
- Finance and insurance: 41,200 job vacancies
While that ratio covers the country generally, it is also notable that four provinces had an unemployment-to-job-vacancy ratio below one (1.0) in June. Those provinces were Quebec (0.6), British Columbia (0.7), Saskatchewan (0.8), and Manitoba (0.9). On the flip side, at 2.7, Newfoundland and Labrador experienced the highest ratio of any province during this reporting period.
In order to solve this problem, Canada will look to immigration as one method to add to the country’s workforce, with the government aiming to invite its largest-ever number of prospective permanent residents between now and 2024 (including annual targets ranging from 430,000 to over 450,000).
