Wednesday , February 1 2023

Ontario and Saskatchewan add 400,000 new jobs, as vacancies remain high

In the last report, job vacancies and payroll employment stayed high, while the unemployment spot decreased in September in Ontario and Saskatchewan

In September, vacancies of jobs were high by 3.8% in all sectors, with 994,800 empty positions in Canada. Ontario and Saskatchewan saw most of these new job additions.

The job vacancy rate ( total vacant positions as a percentage of labor demand) saw an increase of 5.7%, which indicates a continuous requirement to fill the vacant positions amidst labor shortages.

Seasonal factors inclined to make September month, a month of huge vacancies, nevertheless, these job vacancies remained high in Canada.

Which sectors had the highest job vacancies in Ontario and Saskatchewan?

  • A particular position presently exists; and 
  • Work for this particular position can begin within 30 days; and 
  • The employer actively requires workers from outside the organization to fill those empty positions.

In that context, particular economic sectors have reported continuous large job vacancies in Ontario and Saskatchewan.

Health care and Social Assistance

Health care and Social Assistance announce 159,500 unoccupied positions in September month, huge from a record-large number of vacancies in the month of August.

Year by year, the sector saw a growth of 25% in job vacancies, likely to continue the large demand for professionals in this sector, (inclusive of doctors, nurses, physicians, surgeons, etc.), as a consequence of the COVID-19 pandemic.

Canada has taken various steps to welcome professionals in this sector to migrate to the country, even withdrawing barriers to PR (permanent residence) for professionals in this sector, to address the labor shortages.

Accommodation and Food Services

The sectors of Accommodation and Food Services are regularly searching for labor, which accounts for 152,400 vacant positions in September month, a climb of 12% from August. 

While this big expansion can be assigned to seasonal effects, a regular return to pre-pandemic business and social protocols has motivated this sector reports growth in hiring, and employment; with inspiring signs for the future as vacancies and employment in the sector has remained high all year.

Retail Trade

The sector of retail trade reports a modest development in job vacancies, with 117,300 vacancies in the month of September. The job vacancy rate was 5.5% on par with the national average around all sectors, and a better indication that this sector has a continuous requirement for labors.

Professional Scientific and Technical Services

A comprehensive sector that encircles legal services, accounting, architecture and engineering, computer systems design, management consulting, advertising, public relations, and much more; Professional scientific and technical services is another sector that has reported a compatible need for labor.

At 61,900 job vacancies,  September’s reports were studious of this, an industry with a job vacancy rate of 5% that again consider the national average, and is a great manifestation of present demand and hiring efforts here, in months to come.

Manufacturing

The only sector to report a continuous decline in job vacancies was the manufacturing industry, which reported 76,000 job vacancies in September month from a huge number of 92,100 in August.

With this context, it can be considered a sign of huge hiring in the space, the lowering of job vacancies comes off the back of the fourth decrease in RGDP (Real Gross Domestic Product) in the last five months. Real Gross Domestic Product is a development-adjusted action that reviews the value of all goods and services within an industry.

In this regard, the lowering of job vacancies in this sector is possibly restricted to a contraction in the industry as a whole.

A note on payroll increases

Payroll employment is the number of employees getting paid or welfare from their employer.

While the growth in these figures can be because of various factors (for instance, employing for old empty positions), payroll employment can be usually seen as a singular marker of the good health of a business, industry, or even economy.

In September month, Payroll employment saw an expansion nationally by 0.5%, with the greatest gains in Quebec, British Columbia, and Alberta.

The sectors that report the huge growth in employment were:

  • Healthcare and social assistance (+ 20,700 employees);
  • Accommodation and food services (+ 8,400 employees);
  • Retail Trade (+ 8,200 employees);

In this context, all these industries account for growth in job vacancies, these are very inspiring signs for professionals in these three sectors. Connecting this more with the RGDP of every industry in the month of August; we can report that all the above three sectors experienced:

  • Expansion in job vacancies (hiring activities);
  • Expansion in payroll employees (people hired); and
  • Expansion in the overall value of goods and services produced.

It continues to be an encouraging sign as Canada moves out of pandemic protocols, and toward pre-pandemic levels of economic output.

As Canada faces a record number of job vacancies

Immigration continues to be the prime factor in dealing with labor shortages in the country.

The Federal Government of Canada and Immigration, Refugees, and Citizenship Canada (IRCC), continuously take measures to solve the labor shortages of the country, as Canada has an aging population, because of which a large number of people will retire at once.

Canada will deal with the labor shortages with the immigration of skilled overseas workers, as signified by an increase of economic immigration pathways like Express Entry and the Provincial Nominee Program (PNP); as well as an effective immigration plan to welcome over 500,000 newcomers to Canada each year.

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