According to a new Statistics Canada study and Canada immigration consultants in Delhi, Canada recorded an all-time high of 912,600 job vacancies in the third quarter of 2021.
This occurred as Canada's
economy recovered and public health restrictions were eased. The record-high
number of job openings can be attributed to rising overall employment and
declining unemployment.
According to Statistics Canada, there were 912,600 job openings in Q3 2021, up 62.1 percent (349,700 positions) from Q3 2019. Saskatchewan had the highest proportional growth in employment vacancies, followed by Quebec and Ontario.
Between Q3 2019 and Q3
2021, job vacancies grew in 18 of the 20 major industrial sectors. Accommodation
and food services, health care and social support, construction, retail trade,
and manufacturing accounted for approximately 68 percent of the rise.
The health-care and social assistance industries are experiencing substantial labour shortages. In
Q3 2021, there were 118,200 job openings, and payroll employment approached
pre-COVID levels in December 2020, indicating that the sector is experiencing
labour shortages. Because of Canada's elderly population, there was an
increasing demand for personnel in this field even before the epidemic.
Registered nurses and registered psychiatric nurses (22,800) and nursing aides,
orderlies, and patient service associates (24,100) were among the occupations
with the biggest vacancies in Q3 2021.
Over the last two
years, accommodation and food services accounted for about a quarter of all job
openings. According to Statistics Canada and Canada
immigration consultants in Delhi, the greater number of job
vacancies was likely attributable to staffing problems associated with
businesses reopening in the sector over the summer, as well as the industry's
regular higher labour demand.
Offering higher wages is one approach for firms to fill employment shortages. According to Statistics Canada, the record-high job openings have heightened interest in the extent to which labour shortages may contribute to wage inflation. The Consumer Price Index (CPI), which is used to gauge inflation in Canada, increased by 4.3 percent between Q3 2019 and Q3 2021. In 155 of the 373 jobs for which wage data was available during the comparative period, wage growth outpaced CPI growth.
Construction trades assistance and labourers, cooks, retail salespersons, and
nurse aides, orderlies, and patient service employees all saw the most
employment openings. The average hourly wage for all employees in these
occupations increased by 9.7%, while the average offered wage for these
occupations climbed by 9.7%.
Statistics Canada
finished the research by adding that the labour market in Canada has been strengthening
since the third quarter of 2021. The unemployment rate, for example, was 6.0
percent, within 0.3 percentage points of its pre-COVID February 2020 level of
5.7 percent.
On the other hand,
it's worth noting that COVID cases are on the rise in Canada, with the Omicron
variation becoming more common as well. As a result, more public safety
measures are being implemented, which may have an impact on Canada's employment
picture in future Statistics Canada study.
Want to learn more
about the same? Find the best guidance
from an expert. Find from the certified Canadian immigration consultant list in India.
No comments:
Post a Comment