A million job vacancies in Canada a new record; 4.7% growth in Q2 of 2022

Highlights of latest Canada Job Vacancy and Wage Survey Report

• Job vacancies in Canada have touched the new highest level in Q2 of 2022.
• There has been a 4.7% increase in job vacancies compared to Q1 of 2022.
• The increase in jobs is higher by 43.2% than in Q2 of 2021.
• Close to 1 million job vacancies are vacant across all sectors in Canada.
• The average hourly wage offered by employers across all sectors has jumped 5.3% over Q2 of 2021.
• An increase in job vacancies was seen in 6 Canadian provinces.

Canada is again sending out the message loud and clear that skilled professionals worldwide should do their best to migrate to work in Canada. This is because a recent report has revealed the highest number of job vacancies in Canada in Q2 of 2022.

As per the Job Vacancy and Wage Survey Report, in Q2 of 2022, Canadian job vacancies were 4.7% higher than in Q1 of 2022. Close to 1 million job vacancies in the country are up for grabs. This means the overall job vacancy rate is 5.7%, which is an all-time high.

Calculation of job vacancies is done by finding the number of positions that are vacant corresponding to the total demand for labor.

What do the statistics say?

Ever since Q1 of 2020, the demand for skilled workers has been on the rise and in fact exceeding the growth in payroll employment! The result was a record increase in the number of job vacancies.

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As for the increase in wages, the following trend was seen.

Sector	Rate of wage increase in Q2 of 2022
Service representatives and other customer & personal services	12%
Professional, technical, and scientific	11.3%
Professional occupations in natural & applied sciences	10.6%
Wholesale trade	10.6%
Front-line public protection services	9.7%
Retail trade	5.7%
Healthcare and social assistance	3.6%

Job vacancies in Canadian provinces

In 6 provinces of Canada, there has been a significant rise in job vacancies between Q1 and Q2 of 2022. Here are the related details:

Province	Rate of increase in Q2 of 2022
Ontario	6.6%
Nova Scotia	6%
British Columbia	5.6%
Manitoba	5.2%
Alberta	4.4%
Quebec	2.4%

Also read...

80% of Canadian employers seek better immigration to fill jobs in Canada

Trends by job sectors

If we check the trend in job vacancies by job sector, the following information can be found.

Job sector	No. of jobs in Q2 of 2022
Healthcare and social assistance	136,100
Professional, scientific and technical services	74,600
Accommodation and food services	149,600
Manufacturing	85,900
Construction	82,900
Retail trade	112,700

*Know your eligibility to immigrate to Canada through Y-Axis Canada Immigration Points Calculator.

The bottom line

Canada currently has a high job vacancy rate and a low unemployment rate. This combination is presenting a golden opportunity for skilled foreign workers to try and enter in-demand jobs in their fields of work.

If you are willing to migrate to Canada, talk to Y-Axis, the leading immigration and career consultant in the UAE.

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