Fascinating amount of Canadian Open Job Positions in June – Reaches 815,800 vacancies
There was a surge in job postings in the lodging and food services industries in Canada this past June.
According to Statistics Canada’s employment vacancy data, there were 129,100 unfilled positions in lodging and food services jobs as restaurants began reopening in June. There were more job openings in this industry than in health care and social assistance, which had the most vacancies previously. The retail commerce industry in Canada came in third.
The number of empty positions in Canada increased as a result of job vacancies in the food services industry. In June, there were 815,800 job opportunities, up 22% from the previous month. The majority of these jobs were in the service industry.
In addition, the job vacancy rate in June was the highest since Statistics Canada began collecting data in October 2020. The number of job vacancies and the job vacancy rate is not the same thing. The vacancy rate is the percentage of unfilled positions in a sector compared to the total number of positions. The overall vacancy rate in Canada hit 5% in June.
With a vacancy rate of more than 12%, accommodation and food services had the highest employment vacancy rate of all industries. Restaurants began opening outdoor dining areas in late May, and employers were actively recruiting to fill available positions.
B.C. and Quebec had the highest job vacancy rates among the provinces. The lowest job vacancy rates were found in Manitoba and Nova Scotia.
There will be an increasing demand for labor openings
According to a new RBC analysis, labor shortages are expected to worsen in the coming months.
Workers put off retiring and changing jobs in 2020 because they were dissatisfied with their jobs during a period of extreme economic instability. These workers may now begin to leave their occupations, increasing the number of open opportunities.
In addition, many people in pandemic-affected service industries may have quit their jobs due to protracted shutdowns.
According to the report’s author, economist Carrie Freestone, a high job vacancy rate can stifle economic growth. Businesses might have to function at a lower capacity. Employees now have a stronger bargaining position, allowing them to demand higher wages and better benefits.
Furthermore, the tight labor market may impose upward wage pressure on consumers, resulting in higher costs.
Lower-paid positions may be difficult to fill in provinces with the greatest job vacancy rates. Despite the fact that wages in the hotel and food services industry increased in June, they remained 57 percent below those in other service-sector positions. This could explain the rise in job openings in the foodservice industry, and it could continue to harm the industry even after people have gone permanently.