Over 1 million vacant positions remain in labour market: StatCan

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The nationwide job vacancy rate stood at 5.9% in June, which was at par with the record-breaking rate reached in September 2021, StatCan said.

Total labour demand, which is the sum of filled and vacant positions, reached a record high of nearly 17.7 million in June, 1.4% higher than May levels and 9.4% higher on an annual basis.

Job vacancies also exceeded the number of unemployed persons in multiple regions.

“The unemployment-to-job-vacancy ratio was below 1.0 in four provinces in June, namely in Quebec (0.6), British Columbia (0.7), Saskatchewan (0.8), and Manitoba (0.9),” StatCan said. “Newfoundland and Labrador (2.7) continued to have the highest unemployment-to-job-vacancy ratio among provinces.”

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