In the recent report, vacancies of job, and payroll employment continues to be remain high, while the unemployment reports a decrease in September.
Among all the sectors, job vacancies hiked by 3.8% in September, to 994, 800 empty positions within Canada. Maximum of these new jobs additions were in Ontario and Saskatchewan.
A growth of 5.7% were seen in the job vacancy rate ( total empty positions as a section of labour demand), it stipulates a continuous requirement to fill these empty positions over labour shortages.
Seasonal and regular factors tend to make the month of September, a month of great vacancies, although, even when considering for this job vacancies stayed high in Canada.
Which sectors had the highest job vacancies?
Job counted as empty by Statistics Canada, if:
- A certain position that exists currently; and
- Work for this specific position can be started in 30 days; and
- The employer actively needs workers from outside the organization fill these position.
In light of this, specific economy sectors continued to have huge job vacancies.
Health care and Social Assistance
Health care and social assistance report 159,500 empty positions in the month of September, high from recorded number of vacancies in August.
Year-on-year, the sector saw a hike of 25% in job vacancies, likely tend to continue the great demand for professionals in this sector, (including doctors, nurses, physicians, surgeons, etc.) aftermath COVID-19 pandemic.
There are many steps taken to welcome maximum professionals in this sector to move to the country even eliminating barriers to permanent residence (PR) for professionals in this sector, to address the shortage of labours.
Accommodation and Food Services
Accommodation and Food Services are continuously searching for labour, it reports 152,400 empty positions in the month of September, a hike of 12% from August.
While this great growth can be ascribed to seasonal effects, a continuous return to pre-pandemic business and social protocols has supported this sector experience increase in hiring, and employment; with motivating signs for the future as vacancies and employment in the sector has stayed all-year.
The Retail Trade sector experienced a small growth in job vacancies, with 117,300 empty positions in September. The job vacancy rate was 5.5% ON par with the national average among all sectors, and a good reflection that this sector has a continuous need for workers.
Professional Scientific and Technical Services
An extensive sector that encloses legal services, accounting, architectural and engineering, computer systems design, management consulting, advertising, public relations, and many more; Professional scientific and technical services is another sector that has experienced a continuous need for labour.
At 61,900 job vacancies, September’s report was contemplative of this, with the industry have a job vacancy rate of 5% that again reflects the national average, and is a better reflection of current demand and hiring efforts here, in one months to come.
The Manufacturing sector is the only industry to see the lowering of job vacancies, which was less to 76,000 job vacancies in the month of September, from a high vacancy of 92,100 in August.
In this context, we can consider it as a sign of large hiring in the space, this huge drop in job vacancies comes off the back of the fourth reduction in RGDP (Real Gross Domestic Product) in the previous five months. RGDP is a growth-adjusted act that indicates the value of all goods and services within an industry.
In this context, the drop in job vacancies in this sector is probably strongly bound to a contraction in the industry as a whole.
A note on payroll increases
Payroll employment is the quantity of employees acquiring pay or advantages from their employer.
While development in these figures could be because of multiple factors, (for example, recruiting for old vacant positions), payroll employment can be normally seen as remarkable marker of good health of a business, industry, or even economy.
In the month of September, payroll employment expanded by 0.5%, with the biggest gains in Quebec, British Columbia, and Alberta.
The sector that experienced the largest increase in employment was:
- Healthcare and social assistance (+ 20,700 employees);
- Accommodation and food services (+ 8,400 employees);
- Retail Trade (+ 8,200 employees);
With this context, all these industries report expansion in job vacancies, these are very motivating signs for professionals in the above three sectors. Relating this more with RGDP of each industry in the August month; we can account that all the above three sectors have seen:
- Growth in job vacancies (hiring activities);
- Growth in payroll employees (people hired); and
- Growth in the overall value of goods and services produced.
It continuously be an auspicious signs as Canada moves out of pandemic protocols, and regarding pre-pandemic levels of economic output.
As Canada faces a record number of job vacancies
Immigration remains to be chief factors to deal with the labour shortages of the country.
The Canadian Government and IRCC (Immigration, Refugees, and Citizenship Canada) continue to take steps to address the labour shortages of the country, as Canada has a growing age population, who will retire soon.
Canada will address with the labour shortages with the skilled international workers immigration as indicated by an extension of economic immigration pathways such as Express Entry and Provincial Nominee Program (PNP); as well as a successful immigration plan to welcome around 500,000 newcomers to Canada every year.