According to a recent statistic, Canada’s economic recovery is at record peak, achieving almost pre-Covid levels. In September, 91,100 individuals were added to payrolls throughout Canada – the fourth consecutive monthly increase. Eight provinces had a rise in payroll employment. Ontario led the way, with almost 43,000 new jobs added to payrolls, followed by British Columbia (BC) and Quebec.
According to Statistics Canada, the reopening of the Canada-U.S. border in August and associated relaxation on travel restrictions in September, has contributed to growth in various industries in both the countries. At the beginning of September, there were over 1 million job openings in Canada. There were approximately 200,000 openings in the accommodation and food industry, with a 14.4 percent job vacancy rate. 130,000 openings in health care and social assistance were vacant, roughly doubling the entire number of vacancies in the third quarter of 2019. In the same month [September], there were roughly 122,000 openings in the retail industry. Meanwhile, construction and manufacturing industries had over 80,000 vacancies in each sector in aggregate, amounting to a total of over 160,000 vacancies in construction and manufacturing.
According to the analysis, Canada could add nearly two million workers to the labour market by better integrating youths, immigrants, and providing incentives for older workers to stay, including more workplace flexibility and phased retirement opportunities.
“While high job vacancies can be an indicator of growing employment, they can also be a signal of high turnover, labour shortages, or mismatches between the characteristics of vacant positions and those of available workers,” says the report according to Statistics Canada.
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