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.
- Download our app to get local alerts to your device
- Get the latest local updates right to your inbox
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
YOUR FINANCES
How to get into the housing market if you're gen Z or millennial
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.
Old age security increase leaves out many seniors, non-profit says
The Canadian Association for Retired Persons is raising alarms about the increase in old age security only being made eligible for those 75 and above.
Rising cost of living taking toll on Canadians living off disability benefits
The rising cost of living is exacerbating the challenge for many Canadians living on fixed disability income to pay for food and housing.
Savings are slowly dripping away as deposit interest lags far behind inflation
The savings accounts of Canadians have sprung a leak. As inflation tops eight per cent, anyone with money in the bank is seeing their savings drip away at the fastest rate on record because interest rates for savings accounts, still largely languishing at around one per cent, haven't kept up.
Cost-of-living increases have Canadian parents worried about opportunities for their children
With inflation at a nearly 40-year high, Canadians are feeling the financial strain. In a six-part series this summer, people at different stages of their lives detail where they're being hit the hardest.
Buying vs. renting: Should the ultimate goal be to own real estate?
While there are many perks to owning a property, renting your home comes with benefits as well. So, how should you decide whether to buy or rent your home? Personal finance columnist Christopher Liew breaks it down in an exclusive column for CTVNews.ca.
After pandemic pivots, where have Canadian workers gone?
Restaurants, airlines, schools and nursing homes are at the sharp end of a labour crunch that's afflicted employers all year long. Others, grappling with burnout in precarious or stressful work environments, simply walked away. So if workers are leaving their jobs, where are they going?
Canadian economy avoids contraction in May, economists expect continued slowdown
The Canadian economy stayed flat in May, with growth slowing down as businesses continue to face supply constraints and rising interest rates, though economists say the current cycle of interest rate increases is expected to continue into the fall.