Canada Has Over 10 Lakh Job Vacancies And Counting

In Canada, there are more than 10 empty jobs. The number of vacancies has increased since May 2021 more than 3 LAKH. The labor force survey for May 2022 showed a lack of labor in a number of industries and increased demand for immigration to Canada as the age of the state labor and retirement. This, in turn, leads to a high level of job vacuum. Canada is currently preparing to welcome the largest permanent population ever in 2022 – the target is 4.3 Lakh. In 2024, the target will increase to more than 4.5 Lakh, a CIC News report stated.

In such a scenario, where unemployment is low and abundant job vacancies, immigrants have the opportunity to fill open positions. Therefore, this can be a great opportunity for you if you want to use express entries to apply for permanent residency in Canada.

According to another survey, now there are more posts available than before in certain states In Alberta and Ontario, there were 1.1 people who were unemployed for each open position in April, down from 1.2 in March and 2.4 from the previous year. For each empty position in Newfoundland and Labrador, there are about four people who are unemployed.

Professional, scientific and technical services, transportation and warehousing, finance and insurance, recreation and recreation, and real estate all see the highest vacancies. Vacancies in the construction industry, also, reached the highest record of 89,900 in April, up almost 45 percent from the same month last year and rose 5.4 percent from March.

In May, there were 1.61 open positions in the lodging and food service sectors in Nova Scotia and Manitoba, which had a job vacancy rate of more than 10 percent. Accommodation and food services have the highest number of vacancies for 13 consecutive months. Because fewer people who want to enter the world of work and more people over the age of 55 have left it, the Canadian labor market has dropped dramatically this year.

Baby Boomer 90 Lakh in Canada is expected to retire this decade, according to CIC News. According to a recent RBC survey, one third of Canadians retired earlier, and three out of 10 people who almost retired delayed their retirement because of Pandemic. Meanwhile, in 2020, the fertility rate reached the lowest record of 1.4 children per woman.