Canada with a record high of 1 million job vacancies in the first quarter of 2022

Overview:

According to Canadian Statistics, the job vacancies in Canada have increased to a new record, and there were more paid jobs in all ten provinces of Canada except two in the month of March.

Main Features:

• The job vacancy rate stood at 5.9 percent, which was similar to the record in September 2021
• As for payroll employment, the Survey of Employment, Payroll and Hours (SEPH) has increased by 118,100 for the employees receiving pay and benefits
• Even before the pandemic, 9,600 job opportunities were listed in the retail sector in March 2020
• Inviting job opportunities while relaxing the pandemic restrictions
• Quebec’s hospitality sector has soared with 20,400 new paid jobs in food services and accommodation in March 2022
• New opportunities for retail jobs in March
• TFWP and IMP are the two main ways to hire Foreign Nationals

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The job vacancies have increased by 22.6 percent, with more than 186,400 vacancies in March. Up to 60.5 percent of 382,000 positions were vacant in the same month last year.

The job vacancy rate provides an estimated number of all the vacant jobs divided by all the job opportunities in Canada. The job vacancy rate stood at 5.9 percent in March, which held the same record high in September 2021.

Inviting job opportunities while relaxing the pandemic restrictions

The demographic and statistical services agency promotes the increase in paid employment in Canada to relax the pandemic restrictions.

“The number of employees who are receiving benefits or pay from their employer, that is measured by the Survey of Employment, Payroll and Hours (SEPH) as a payroll employment, have increased by 118,100 (0.7 percent) in March 2022,” states Statistics Canada.

Increasing payroll employment has coincided with the continued relaxation of public health measures. The remaining capacity limits have been affecting the business operations, generally lifted by the first two weeks of March 2022.

The Canadian provinces like Manitoba, Saskatchewan, and Nova Scotia were the only ones to experience the change in paid jobs. However, in March, Quebec’s hospitality sector has soared with 20,400 new paid jobs in food services and accommodation.

In March, the service sector added 103,400 jobs that are growing by 0.7 percent. The job growth in food services and accommodations had 46,200 paid employment, and the retail trade rose by 14,800 jobs that same month.

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New opportunities for retail jobs in March

In 2020, even before the pandemic, 9,600 job opportunities were listed in the retail sector in March. The rest of the provinces except Manitoba and Ontario had more jobs in the retail sector in March compared to February.

Compared to all the sectors, utilities have recorded the highest increase in their average weekly earnings every year. This is followed by finance and insurance and professional, scientific, and technical services which increased by eight percent.

TFWP and IMP are the two main ways to hire Foreign Nationals

The Temporary Foreign Worker Program (TFWP) and the International Mobility Program (IMP) are the two fundamental ways employers hire foreign nationals.

The Global Talent Stream (GTS) is a part of the TFWP. Under normal processing situations, it can complete the Canadian work permits and visa application procedures within two weeks.

The employers are permitted to invite foreign nationals to occupy the available positions through the Express Entry System, which accepts immigration applications online.

The eligible applicants must submit an online profile, known as the Expression of Interest (EOI), under a participating provincial immigration program or one of the three federal immigration programs, to the Express Entry Pool.

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