Canada had over 1 million job vacancies in September
The Canadian economy continues to recover from the coronavirus pandemic, according to a new report from Statistics Canada.
A total of 91,100 people were added to payrolls across Canada in September, the fourth consecutive monthly increase.
Paid employment increased in eight provinces. Ontario led the way with more than 43,000 new employees added to the payroll. British Columbia (BC) was second, followed by Quebec.
Nationally, job gains were driven by the service-producing sector, namely accommodation and food services, public administration, and finance and insurance.
Statistics Canada notes that the reopening of the Canada-U.S. Border in August and the easing of travel restrictions for tourists in September may have contributed to job growth in tourism and related industries.
Job shortages continue to be a problem. At the beginning of September, there were more than a million vacancies. There were nearly 200,000 vacant positions in the accommodation and food services sector and the vacancy rate was 14.4%. The job vacancy rate measures all vacancies as a percentage of all vacant and occupied positions.
More than half of businesses in the accommodation and food services industry expect to encounter obstacles in recruiting the right candidates. Only 30 percent of all other businesses report similar concerns.
Health care and social assistance had more than 130,000 job vacancies in September, nearly double the total vacancies in the third quarter of 2019.
Retail trade had nearly 122,000 job vacancies in September.
Meanwhile, the construction and manufacturing sectors each had more than 80,000 job vacancies.
Statistics Canada explains that an increase in job vacancies can signal an increase in economic activity and hiring as employers create new roles. It may also signal a worsening of structural labor market imbalances, such as skills shortages and geographic disparities between vacant positions and the workers able to fill them. It also potentially signals a change in workers’ willingness to accept wages, hours, and other factors associated with vacancies.
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