Canada experiencing high job demand and shortage in labour market. Now is the perfect time to move to Canada !!

Home > Canada experiencing high job demand and shortage in labour market. Now is the perfect time to move to Canada !!

CANADA

High job vacancies coupled with low unemployment make for a tight labour market in Canada.

Job vacancies in Canada climbed to 957,500 in the first quarter, the highest quarterly number on record according to Statistics Canada.

Read 7 reasons why Canada is meant for you

The number of job vacancies has spiked by more than 72% representing about 401,900 positions compared to the first quarter of 2020. Job vacancies in Q1 2022 surpassed the previous record high numbers recorded in Q4 2021 by nearly 3%, representing 24,900 more vacant positions.

The health care and social assistance sector reached another all-time high at 136,800 vacancies. Labour shortages in this sector were high before the pandemic, but COVID-19 pushed up demand even further. Compared with the first quarter of 2020, vacancies rose nearly 91% (65,100 positions) in the first quarter of 2022.

The construction sector is also seeing record high numbers of vacancies. In Q1, Canadian construction employers were seeking to fill 81,500 vacant positions. Quarter-over-quarter, the construction sector saw an increase of over 7% (5,400 positions) from Q4, 2021.

Job vacancies are continuing on an upward trend in the manufacturing and retail trade sectors. Vacancies in manufacturing peaked at 87,400 last quarter, and retail trade employers were seeking 114,600 jobs.

There was little change in professional, scientific and technical services. Employers in this sector were looking to fill 68,800 positions, little changed from the record high reached last quarter.

Accommodation and food services had about 133,800 vacant positions in Q1. Despite the large number, it had actually decreased about 12% from the previous quarter.

On a national level, the unemployment to job vacancy ratio was 1.3 in the first quarter, down from 2.2 in the same quarter of 2020. Before the pandemic. This means the pool of unemployed workers has shrunk as job vacancies continue to grow.

The unemployment to job vacancy ratio also varied across Canadian provinces. While there was less than one unemployed person for every job vacancy in Quebec and British Columbia, there were almost four unemployed people for every vacancy in Newfoundland and Labrador. A lower ratio indicates a tighter labour market and possible labour shortages.

Canadian employers are facing significant hiring challenges. In the first quarter, there were nearly 34 newly hired employees for every 100 job vacancies. By comparison, in Q1 of last year, there were about 48 new hires for every 100 vacancies, and 82 in the first quarter of 2016 when comparable data first became available.

When looking at sectors with high demand, accommodation and food services employers hired about 23 new employees for every 100 vacancies. Health care and social assistance also hired about 23. Professional, scientific and technical services employers hired about 50.

According to the Canadian Survey on Business Conditions from January 4 to February 7, recruiting skilled employees was expected to be an obstacle for nearly two-fifths of businesses, and retaining employees was expected to be an obstacle for about 30%.

With the Canada startup visa, yourself, spouse and children can move to Canada and take advantage of the high labour demand.

More Posts

Brazil

Brazil Permanent Residency Investor Visa (VIPER)

Brazil offers permanent residency to those investors who invest in business and real estate (VIPER). The duration of the residence depends upon the investor’s contribution to the economy of Brazil. The visa allows you to reside and work in the country. The visa is for those individuals who intend to live in the country for more than 2 years for business purposes. It is sometimes also known as a golden visa.  After 4 years of

direct-regional-portugal

Eligible property options for Portugal’s Golden Visa program  

The Portuguese passport is the 5th largest passport in the world, and the country is known worldwide for its splendid culture, lavishing cities, and economic progress. The government also offers various investment opportunities. The country first initiated the legal framework of Portugal’s residency by investment program, also known as the “Golden Visa,” in 2012. Thousands of people got the Golden Visa for Portugal within 8 years of its initiation and secured their lives in this

Direct vs regional center EB-5 investments: Which is the best investment option for you?

Direct vs regional center EB-5 investments: Which is the best investment option for you?

Post-1990, the EB-5 immigration program enabled foreign entrepreneurs or small businesses to relocate to the United States with families and relish permanent residency status. It aims for foreign direct investment in new business, priming the development of rural and high-unemployment regions. Investors could qualify for a green card in exchange for allowing assets.  Interested businesses must create ten full-time employment opportunities in compliance with the United States and Citizenship and Immigration Services (USCIS). The program

What are the investment options for EB - 5 Visa

What are the investment options for EB – 5 Visa?

The EB-5 visa is one of the fastest routes to get a USA green card for investors and their families. Applying for a green card through the EB-5 visa can take years. Each step in the investment program, from gathering the required documentation to making an investment decision, takes investors weeks or months.    The good news is EB-5 visa provides you with several benefits and makes the initial time invested in the process worth it.

Share:

Send Us A Message