Number of job vacancies grows in April to just over one million
Number of job vacancies grows in April to just over one million
OTTAWA -
Statistics Canada says the number of job vacancies at the beginning of April hit just over one million, up more than 40 per cent compared with a year earlier.
The agency says employers in Canada were actively seeking to fill 1,001,100 vacant positions, up 23,300 from March and a gain of 308,000 compared with April 2021.
It says the job vacancy rate, which measures the number of vacant positions as a proportion of all positions, was 5.8 per cent in April compared with 4.4 per cent in the same month last year.
The number of job vacancies hit a record high in several sectors including construction which saw the number of job vacancies hit 89,900 in April, up 12,000 from March and up 27,200 from April 2021.
The number of vacancies were also at a record high for professional, scientific and technical services; transportation and warehousing; finance and insurance; arts, entertainment and recreation; and real estate and rental and leasing.
The health care and social assistance sector saw the number of job vacancies fall to 125,200 in April from a peak of 147,500 in March, however they were still up 21.3 per cent compared with a year earlier.
This report by The Canadian Press was first published June 24, 2022
The next time the Bank of Canada raises interest rates on the scheduled date of September 7, 2022, it could potentially trigger a recession. Although there may be a chance that we don’t enter into a recession and the BoC is still hoping for a soft landing, it’s best to be prepared. Contributor Christopher Liew explains how.
Rising interest rates might be bad news for Canadians with mortgages, but it also means higher rates on savings vehicles such as guaranteed investment certificates (GICs), prompting renewed interest in the investments.
Factors beyond your control, like inflation or supply chain shortages, can limit your access to the things you need and make it harder to achieve your financial goals.
Amid high inflation and rising cost of living, a person's relationship status can impact their finances. There are five ways in which flying solo can put you at a financial disadvantage and a few ways to mitigate them.
For millennial and gen Z Canadians, owning a home in this real estate market might seem like a pipe dream. In an exclusive column for CTVNews,ca personal finance contributor Christopher Liew offers some strategies to consider if you can’t afford the housing market yet.
Following a series of interest rate hikes, Canada's housing market is now facing a 'historic' correction. CTVNews.ca wants to hear from Canadians looking to buy or sell homes in a changing market landscape.
With inflation rising at its fastest pace in nearly 40 years, the cost of everything from food to gas has skyrocketed. Canadians across the country are feeling squeezed, but big families with multiple children are at times shouldering much of the higher costs — and changing demographics and consumer patterns have left some of them more exposed to inflation than in previous generations.
