Canada is on a Hiring Spree. You may be the one on the Hot Seat!

visamintdigital Dec 30, 2021 02:11 1302 0

The third quarter of 2021 saw Canada hiring a record 912,600 employees, and this comes from an authentic New Statistics’ Canada report!

Canada’s economy has been in sync with the ameliorating situation around the globe owing to the Pandemic. The restrictions across the world are easing, and Canada is all set to take its economy by many notches up the ladder. The unemployment situation seems to be shrinking at a faster pace in Canada.

Read the following notes from the official website of Statistics Canada:

The 912,600 job vacancies in Q3 2021 were 62.1 percent higher (349,700 more jobs) than in Q3 2019. The most significant increase in job vacancies was in Saskatchewan, Quebec, and Ontario.

Job vacancies increased in 18 out of 20 major industrial sectors between Q3 2019 and Q3 2021. Five industries accounted for nearly 68 percent of the increase: accommodation and food services, health care and social assistance, construction, retail trade, and manufacturing.

Health care and social assistance are facing significant labor force pressure. There were 118,200 vacancies in Q3 2021, and payroll employment reached the pre-COVID level in December 2020, which indicates the sector is facing challenges concerning unmet labor demand. Even before the Pandemic, there was a growing need for workers in this sector due to Canada’s aging population. Nurse aides, orderlies, and patient service associates (24,100) and registered nurses and registered psychiatric nurses (22,800) were among the occupations with the most vacancies in Q3 2021.

Accommodation and food services accounted for almost 25 percent of the increase in all job vacancies over the past two years. Statistics Canada explains that higher job vacancies were likely due to staffing challenges related to businesses reopening in the sector over the summer. The industry usually experiences more robust labor demand over the summer.

Statistics Canada explains that the record-high job vacancies have increased attention on the degree to which labor shortages may contribute to upward pressure on wages. One way employers can address job vacancies is by offering higher salaries. Between Q3 2019 and Q3 2021, the Consumer Price Index (CPI), used to measure inflation in Canada, increased by 4.3 percent. Wage growth exceeded CPI growth in 155 out of 373 occupations for which wage data was available in the comparison period.

The most significant job vacancies increase included construction trades helpers and laborers, cooks, retail salespersons, nurse aides, orderlies, and patient service associates. The average offered wage for these occupations increased by 9.7 percent, and the average hourly wages for all employees increased by 8.4 percent.

To get the above information procured from the Statistics Canada Official Website, visit VisaMint Overseas Services and discuss the employment trends for the year 2022 in Canada. You might be one of the shortage occupations there. That means you are on the hot seat. Please stop by any of our branches, talk to our Canadian Immigration Experts, and kick start your processing work.