Canada increases average hourly wages to 7.5% to meet the workforce demand

Highlights: Average hourly wages increased to $24.20 per hour

• Canada has nearly 1 million job vacancies available as per the Statistics Canada report
• Employers in Canada increased average hourly wages by 7.5 percent
• Healthcare and social assistance sectors have the highest number of job vacancies which is over 150,100
• Manitoba and Saskatchewan saw an increase in the number of job vacancies in Q3 of 2022

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Employers in Canada increased average hourly wages by 7.5 percent

Job vacancy report issued by Statistics Canada reveals that the country has around 1 million job vacancies. A job is considered as vacant due to the following conditions:

• Existence of a specific position
• Work can be started within 30 days
• Employers want to hire workers from outside organization

Average wages rose by 7.5 percent to meet the manpower shortage

Many employers increased average hourly pay by 7.5 percent in Q3 of 2022 in comparison to the same period of the previous year. The table below reveals the details of wage increase in some of the in-demand occupations.

In-Demand Occupation	Wages increase in percentage	Hourly wage increase in CAD
Middle management in transportation, trades, utilities, and positions	+10.8	41.4
Assisting occupations that support healthcare services	+10.7	22.45
Processing and manufacturing machine operators	+10.2	20.02

Sectors in Canada in which job vacancies increased

Many sectors in Canada saw an increase in the number of job vacancies. The table below reveals the details:

Sectors	Number of job vacancies
Healthcare and social assistance sector	150,100
Accommodation and food services	140,000
Construction	81,000
Professional scientific and technical services	63,100

Provinces having more number of job vacancies

There are many provinces where a large number of job vacancies are available. Manitoba and Saskatchewan respectively saw an increase of 10.7 percent and 7.5 percent in Q3. The table below reveals the details of the number of job vacancies in different provinces:

Provinces	Number of job vacancies
British Columbia	155,400
Manitoba	32,400
Ontario	364,000
Quebec	232,400
Saskatchewan	24,300
Alberta	103,380
New Brunswick	16,430
Newfoundland and Labrador	8,185
Northwest Territories	1,820
Nova Scotia	22,960
Nunavut	405
Prince Edward Island	4,090
Yukon	1,720

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Future plans of Canada to meet shortage of workers

Canada has to address the shortage of workers challenge so it has decided that in 2023, targeted Express Entry draws will be held for in-demand professions. The country is also planning the following measures to meet the workforce demand:

• Granting Open Work Permits to families of workers who hold LMIA-based work permits
• Uncapping the number of working hours for international students

These measures will be implemented till December 31, 2023.

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