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“In May, there were 1.4 unemployed persons for each job vacancy, little changed from the previous month, but up from the low of 1.0 recorded in June and July 2022,” StatCan added.

By province, Quebec saw the largest drop in job vacancies with a 10,800 monthly decline to 193,900 in May, followed by Manitoba’s decrease of 3,700 to 24,000 and Saskatchewan’s drop of 2,400 to 22,000.

“In May, Quebec (4.8%) and British Columbia (4.7%) continued to have the highest job vacancy rates of any province, while Newfoundland and Labrador (3.5%) had the lowest,” StatCan said.

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