Canada’s labor market just got another round of bad news from the national statistics agency. Statistics Canada (Stat Can) data shows job vacancies fell sharply in Q3 2024, but not due to a hiring boom this time. Employers are hiring for fewer roles, and the outright size of the country’s labor market has begun to […]
Canada chased rapid population growth to fill its soaring job vacancies. Now it’s running out of jobs, and still has near-record population growth. National Bank of Canada (NBF) believes this is a concerning setup for new immigrants who are arriving to the tightest job market in 7 years. Not only is this driving unemployment for […]
Considering a new job? Might want to start applying, because the balance might shift back to employers soon. Statistics Canada (Stat Can) quarterly data shows a substantial decline in both vacant job listings and the job vacancy rate in Q4 2022. Despite the quick move, diving into the monthly numbers shows a higher-level may downplay […]
Canada’s vast choice of unfilled jobs is quickly disappearing as the economy begins to tighten. Statistics Canada (Stat Can) data shows the number of job vacancies made a sharp decline in October 2022. That’s good news for moderating inflation as economic slack is absorbed, but also indicates we’re past peak growth and heading towards recession. […]
Canadian unemployment fell and job vacancies are rising, creating a tighter labor market. Statistics Canada (Stat Can) payroll data shows job vacancies were climbing in December. At the same time, the unemployment rate has dropped to pre-pandemic levels. A tight labor market is usually good for wages, but that isn’t the case this time. The […]
Canadian employers are making jobs faster than people can fill them. In two separate reports, BMO economists took a dive into rising job vacancies and wages in Q2 2021. They found job vacancies hit a new record high last quarter. A lack of labor doesn’t appear to have much urgency though, as wages are still […]
Canadian Job Vacancies Hits A New Record, As 600,000 Positions Sit Empty Canada has hundreds of thousands of unfilled jobs, despite elevated unemployment levels. BMO weighed in on the vacancy numbers, which jumped to an all-time high in Q1 2021. Robert Kavcic, the bank’s senior economist, estimates vacancies are now the size of 2.5% of […]
