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The number of vacancies reaches a new level

The number of vacancies reaches a new level

The number of job vacancies in Quebec exceeded the number of unemployed during the month of June. Nationwide, job vacancies reached 1,037,900 in June, up 3.2% from the peak recorded in May.

This is the third consecutive monthly increase in the country, according to Statistics Canada data released on Thursday.

Canada’s job vacancy rate was 5.9% in June, matching the record set in September 2021 and up from 4.9% set in June 2021.

Statistics Canada indicated that “the unemployment to vacancy ratio was at a record low of 1.0 in June, which means that there was one unemployed person for every vacancy,” noting that this ratio was from 1.9 in June 2021.

Payroll employment increased in almost all service sectors in June, notably educational services (+26,400; +1.9%), accommodation and food services (+16,600; +1.3%), professional, scientific and technical services (+8800; +0.8%) and care Health and social assistance (+8400; +0.4%).

The public administration sector (-3,900; -0.3%) was the only services sector to report a decline in June.

According to Statistics Canada, the number of job vacancies exceeded the number of unemployed people in four provinces in June.

The unemployment to vacancy ratio was significantly lower than 1.0 in Quebec (0.6), British Columbia (0.7), Saskatchewan (0.8) and Manitoba (0.9). Newfoundland and Labrador (2.7) continued to have the highest unemployment to vacancy ratio among the provinces.

The federal agency also noted that wages rose across all provinces in June compared to the previous year. Average weekly earnings rose 3.5% to $1,159 in June, compared to the previous year, and its growth exceeded that observed in May (+2.5%).

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“The 12-month growth in average weekly earnings has been on an upward trend since June 2021,” Statistics Canada said.

The largest increases in average weekly earnings for 12 months were seen in Yukon (+6.6% to $1,360) and New Brunswick (+5.5% to $1,067). In Quebec, it rose from $1060.95 to $1105.28 in one year (+4.2%). Ontario recorded a 2.7% increase in weekly wages (to $1,180), while Prince Edward Island recorded the smallest change (1.8%).