Highlights: StatCan reports an increase in job vacancies in Canada
- The recent StatCan release reports an increase in job vacancies in Canada.
- The number of job openings in the country rose to 656,700 in February, up by 3.4% in January 2024.
- The overall payroll employment in Canada year-over-year increased by 154,700 in February 2024.
- Provinces like Ontario and Alberta recorded the highest number of job openings.
*Do you want to check your eligibility to Canada? You can do it for FREE with the Y-Axis Canada Immigration points calculator and get an instant score!
Sector-wise breakdown of the monthly payroll employment
Five out of 20 sectors reportedly had an increase in the monthly payroll employment. Payroll employment prominently rose in the public administration, Finance, and insurance sectors.
The gains in public administration were seen in municipal, local, and regional areas, while the Finance and insurance sector witnessed gains in credit intermediation, commodity contracts, and other financial investment activities.
The year-over-year payroll employment statistics show an increase of 56,500 in public administration and 14,200 in Finance and insurance.
The table given below has details of the sector-wise monthly payroll gains.
|
Sector |
Percentage of gains |
|
Public administration |
+6,600; +0.5% |
|
Finance and Insurance |
+6,400; +0.8% |
|
Health care and Social assistance |
+5,200; +0.2% |
|
Real estate, rental and leasing |
+900; +0.3% |
*Looking to work in Canada? Let Y-Axis assist you with the process.
Job Vacancies in Canada, February 2024
As of February 2024, the overall job vacancy rate in Canada had increased to 656,000, an increase of 3.4% compared to January. The total labor demand also increased by 0.5%, while the job vacancy rate changed to 3.7%.
The table given below has details of the sector-wise breakdown of the job vacancies in Canada in February 2024:
|
Sector |
Percentage of increase in job vacancies |
Total number of job vacancies |
|
Transportation and warehousing |
66.40% |
16,300 |
|
Finance and insurance |
17.30% |
27,700 |
|
Health care and social assistance |
5.20% |
1,28,200 |
|
Manufacturing and retail trade |
2.50% |
41,200 |
*Want to apply for jobs in Canada? Avail Y-Axis Job Search Services for end-to-end job support.
Job vacancies in Canadian provinces
Alberta and Ontario recorded the highest number of job openings in February 2024. Ontario had 234,900 job vacancies, while Alberta had 82,500.
The table given below has details of the job vacancies across different Canadian provinces.
|
Province |
Increase in percentage of job vacancies |
|
Ontario |
8.40% |
|
Alberta |
13.70% |
|
British Columbia |
4.30% |
|
Saskatchewan |
4.00% |
|
Prince Edward Island (PEI) |
3.00% |
|
Newfoundland and Labrador |
2.90% |
*Are you looking for step-by-step assistance for Canada Immigration? Talk to Y-Axis, the leading Overseas Immigration Company in the UAE.
For recent Immigration updates do check out: Y-Axis Canada Immigration news