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Employment, Salaries reaches 5.7% high in Canada

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There is some good news coming your way if you are seeking for move to Canada. As per the latest update, overall, there are around one million open positions in Canada, which is an all-time high rate of 5.7%. The results of the Job Vacancy and Wage Survey report for the second quarter of 2022 were recently made public by Statistics Canada. Additionally, it reveals that the number of vacancies increased by 4.7% from the first quarter of 2022 and by 42.3% from the second quarter of 2021.

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The growth in the consumer price index (CPI), a crucial indicator of inflation, is not comparable to that of these increases. When compared to the same time in 2021, the CPI rose by 7.5%. The likelihood of an increase in pay was highest for jobs in five industries. The highest rise, 11.3%, was in the professional, scientific, and technological industries, with an average hourly income of $37.05. Jobs in the wholesale trade pay on average $26.10 per hour. 

Amongst the surge, the sectors that saw most increase was Professional, scientific, and technical services; Healthcare and social assistance and; Accommodation and food services.  

Provinces that saw the highest rise are: 

Ontario, where job openings increased by 6.6% to 379,700 overall, Nova Scotia with 6% increase, British Columbia, Manitoba, Alberta, and Quebec ranging from 5.6% to 2.4%.

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