Canadian Job vacancies increase in the Last Quarter of 2017
Details of Job vacancies in Canada
New information released by Statistics Canada reveals that Job vacancies have increased by 25 percent jobs in Canada in the last three months of 2017. This is when compared to the same period in 2016.
Provinces with impact
The numbers show large increase in Ontario, Quebec and British Columbia. Actually, in nine of 13 provinces and territories the increase in job vacancies was substantial in the yearly basis. Furthermore the situation shows that there were 470,000 job vacancies in the last quarter of 2017. The growth is 89,000, corresponding to 23 percent, in the final quarter of 2016. Statistics Canada also says that 70% vacancies were in the full-time category. The average hourly wage for jobs remaining unfilled was $20.10.
Statistics of job vacancy increase based on province for fourth Quarter in 2017
The Statistics say that there were 29,185 additional vacancies in Quebec in comparison to the fourth quarter of 2016. This is an annual increase of 46 percent which is the largest in Canada. There were vacancies in the manufacturing, food services, finance, accommodation, insurance and industrial sectors.
Ontario had 28,085 more job vacancies in the fourth quarter of 2017 in comparison to the final quarter of 2016. This was an increase of 17.3 percent. This quarter has seen the increase number of job vacancies for the sixth consecutive term.
Also there were more vacancies in 15 of the 20 industrial sectors. The notable sectors were health care, food services, social services and accommodation.
In British Columbia the job vacancies increased by 15,485 during the fourth quarter of 2017. In comparison to the last quarter this was an increase of 21.2 percent. The area of growth was in accommodation, construction and food services.
The figures of Alberta are an increase of 8,890 job vacancies showing an increase of 20.9 percent compared to last year.
Prince Edward Island has shown an increase in job vacancies of 285, corresponding to 27 percent.
Demand outpacing labor supply
These findings support a few concerns of Canada, and also of Atlantic Canada, regarding the labor shortages of the growing economy. Besides this, there is the factor of an aging population to consider. Owing to this the country cannot meet the demand for professional workers. Immigration can off-set this trend.
The economy in Canada is experiencing increase in demand. Moreover, the companies are operating at optimum capacity. Consequently, there is a huge growth in new jobs. Moreover, this is leading to more job vacancies.
Steps taken so far
This extremely attractive economic growth cannot happen unless there are personnel to fill up the new jobs in Canada. There is a great need for a healthy, active labor market. Furthermore, the immigration system of Canada is responding to this need by having the multi-year immigration level plan. It plans to bring in nearly one million new workers in the next three years. Many of these will arrive by using the economic immigration programs of Canada.
The data also reveals that job vacancies increased in eight out ten among the large industrial sectors of Canada.
29,100 job vacancies existed in the scientific, professional, and technical service sector, showing an increase of 6,230 compared to 2016.
Job vacancies in accommodation and food services show an increase of 12,000, corresponding to 25 percent, in comparison to 2016. This was mostly concentrated in Quebec, BC and Ontario.
Job vacancies as per the industrial sector
Job vacancies in manufacturing had an increase of 11,000, or 39 percent, compared to the last quarter of 2016. These were substantial in sub sectors of the manufacturing industry, like food manufacturing, manufacturing of fabricated metal products, and manufacture of transportation equipment.
Job vacancies in health care and social assistance increased by 8,800, or 23.4 percent, because of substantial increase in Ontario.
The warehousing and transportation sector had 8,600 more job vacancies in the fourth quarter of 2017 showing an increase of 43.5 percent.
The leaders among occupations were Sales and service in terms of yearly job vacancies. There were 33,000 more vacancies than 2016. There was a huge increase jobs in Quebec which was followed by British Columbia and Ontario.
Increase in The natural and applied sciences category was 31,115 job vacancies showing the increase of 6,755 in the last three months of 2016.
Job vacancies by Occupation
There was an increase of job vacancies in trade, transport and equipment-operator sector by 24,000. This corresponds to 43.1 percent, in the last quarter of 2016.