Job vacancies in Canada increased to 656,700 in February, up by 21,800 (+3.4%)

Highlights: Job vacancies in Canada increased to 656,700 in February, up by 21,800 (+3.4%)

• On a year-over-year basis,the payroll employment was up by 154,700 (+0.9%) in February 2024.
• The job vacancies in Canada is increased by 656,700 in February 2024.
• The job vacancies increased in services like Health and social services, Manufacturing and retail trade, finance and insurance, transportation and warehousing.
•  Ontario and Alberta, including British Columbia and Saskatchewan have job vacancies .

 

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Details of Payroll employment

The payroll employment in February in public administration rose by 0.5% with following increase by +0.5 % in January.The payroll employment increase in administrative sectors focused on local, municipal and regional public administration (+4,600; +0.9%).So, overall payroll employment in public administration increased by 56,500 (+4.5%) in February.

 

Payroll employment increased in Public Administration

In February, payroll employment in Public administration increased by 6,600, +0.5% compared to January.

The sectors that had an increase in their payroll sectors are:

Sectors	Payroll employment Increased by
finance and insurance	6,400 (+0.8%
credit intermediation and related activities	3,100; +0.8%
securities, commodity contracts, and other financial investment and related activities	1,200; +0.9%)

 

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Increase in Average weekly income

Average weekly income also increased in specific sectors:

Sectors	Average income increased by
Management of companies and enterprises	10.5% to $1,803
Administrative and support, waste management and remediation services	8.8% to $1,061
Arts, entertainment and recreation	8.8% to $753

 

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Job vacancies increased in February     

The overall number of job vacancies increased by 656,700 , which is more than 21,800 (+3.4%) from January.

In February, the monthly increase in overall job vacancies was noticed in the following sectors:

Sectors	Job vacancies increased by
Transportation and warehousing	16,300; +66.4%
Finance and insurance	4,100; +17.3%
Information and cultural industries	3,900; -44.4%
Health care and social assistance	128,200 ,19.5%

 

Job vacancies noticed in different Canadian provinces

Job vacancies increased in Ontario and Alberta. Ontario and Alberta saw an increase in their job vacancy rate:

Provinces or Territories	Job Vacancy rate
Ontario	8.40%
Alberta	13.70%
British Columbia	4.30%
Saskatchewan	4.00%
Prince Edward Island	3.00%
Newfoundland and Labrador	2.90%

 

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