30% Canadian businesses find it difficult to find skilled employees

Highlights: Businesses in Canada looking to recruit skilled workers!

• The Job Vacancy and Wage Survey (JVWS) released details of the job vacancies and wages offered by the Canadian sectors.
• The hourly wages offered to workers in Canada rose by 5.8% in 2023.
• Stats reveal an increase in the employment payroll in the third quarter of 2023 by 117,600.
• Canada has over 1 Million job vacancies across different sectors as of 2023.

 

 

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The Job Vacancy and Wage Survey (JVWS)

The Job Vacancy and Wage Survey (JVWS) provides complete data about the job vacancies and salaries offered by the occupations and sectors in Canada. The job vacancies and wage data are generally released every quarter.

• The sector-wise estimation is based on the North American Industry Classification System (2017)
• The Geographical-wise estimation is based on the Standard Geographical Classification (2016)
• The occupation-wise estimation is based on the National Occupational Classification (NOC) 2016.

 

 

Key Pointers of the Canadian Job Market

Given below are some of the critical components of the Canadian job market:

 

Job vacancies in Canada  

Canada is said to have over 1 Million job vacancies for skilled foreign workers. Despite a decrease in job openings in the third quarter of 2023, the country is said to have generated around 500,000 additional jobs in 2023.

As per the StatCan Reports, 5 million individuals were hired from 2022 to 23. The Multinational companies in Canada made $197 Billion in Capital Investments. The country has more jobs merging in the coming years, with an Immigration target of 500,000 by 2026.

 

Read More…

5 Million Jobs and $197 Billion generated by MNCs in Canada, 2023

500,000 more jobs generated in 2023 in Canada: StatCan

 

 

Increase in average hourly wages

The Canadian hourly wages increased by 5.8% in the third quarter of 2023. As per the Labour Force Survey, the hourly wages rose by 5.0% for all employees working in Canada.

One of the primary reasons for the wage increase was the configuration of the lower to higher wage offering occupations.

Occupation	Percentage	Wages
General farm workers	10.50%	$19.00
Welders	8.70%	$28.65
Machine operators	8.70%	$28.65

 

Also Read…

Average hourly salary in Canada is now $42.58, an increase of 9% from last quarter - StatCan reports

 

 

 

Job Vacancies in six Occupations of Canada

The job openings in the third quarter of Canada across five occupations are given in the table below:

Occupation	Number of Job Vacancies
Health occupations	89,400
Education	64,800
Law and Social	64,800
Community and Government services	64,800

 

 

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Job Vacancies in Canadian Regions

The region-wise job vacancies in Canada are given in the table below:

Region	Increase in Job Vacancies
Southeast, Manitoba	23.70%
Parkland and North, Manitoba	5.70%
Moose Jaw, Saskatchewan	6.10%

 

 

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600,000 immigrants to get Canadian citizenship in 2024. Students and temporary residents are on top priority.

5 Ways an IT Professional can Work in Canada

 

Also Read:  1 Million Jobs Projected in British Columbia, Canada
Web Story:  30% of Canadian businesses find it difficult to find skilled employees