Overall, the number of job vacancies across all sectors in Canada decreased by 20,700 (-2.4%) to 850,300 in November, down from the peak recorded in May 2022 (1,002,200) and the lowest level observed since August 2021, according to a report released Thursday by Statistics Canada.
The job vacancy rate—which corresponds to the number of vacant positions as a proportion of total labour demand (the sum of filled and vacant positions)—was 4.8% in November 2022, the lowest rate since June 2021, said the federal agency.
Edmond Dantès
“Job vacancies decreased in the professional, scientific and technical services (-11,500; -18.1%) and health care and social assistance (-19,300; -12.8%) sectors in November, but increased in construction (+11,200; +16.6%). Meanwhile, vacancies were little changed in accommodation and food services, retail trade and manufacturing,” it said.
“There were 1.2 unemployed persons for every job vacancy in November 2022, virtually unchanged since August, but up slightly from the low of 1.0 in June. Before the COVID-19 pandemic, the unemployment-to-job vacancy ratio hovered around 2.2 from January 2019 to February 2020.”
Job vacancies decreased in six provinces in November, with the largest proportional decreases in Newfoundland and Labrador (-35.3% to 5,500), Manitoba (-26.5% to 20,600) and New Brunswick (-21.8% to 11,500). Ontario, Quebec and Alberta recorded smaller proportional declines, while the number of job vacancies was little changed in the remaining provinces, said StatsCan.
Despite a decline in job vacancies (-21,700), Quebec remained the province with the lowest unemployment-to-job vacancy ratio for the 10th month in a row, with 0.8 unemployed persons for every job vacancy in November, it added.
The number of employees receiving pay or benefits from their employer—measured as “payroll employees” in the Survey of Employment, Payrolls and Hours—remained essentially unchanged in November (+7,100), according to the federal agency.
(Mario Toneguzzi is Managing Editor of Canada’s Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He worked for 35 years at the Calgary Herald, covering sports, crime, politics, health, faith, city and breaking news, and business. He works as well as a freelance writer for several national publications and as a consultant in communications and media relations/training. Mario was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list)
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