Job Vacancies Shrink as Unemployment Numbers Rise: StatCan

Published on January 2, 2024

Job vacancies in Canada have decreased for the fifth straight quarter, continuing an ongoing trend since a job vacancy record was set in 2022, new data from Statistics Canada show. As the number of job openings declines, the number of people seeking employment is on the rise. Job vacancies fell 9 percent in the third quarter of 2023, down to 706,100 job openings from 776,000 vacancies in the previous quarter, according to StatCan numbers. The dip is a significant decrease from the second quarter of 2022, which sat at a “record high” of 990,900 vacant jobs. Employment rose 0.7 percent for 117,600 new jobs in the third quarter of 2023, the 10th consecutive quarter of  growth, StatCan reported. However, employment has grown “at a slower pace than the population aged 15 years and older since the fourth quarter of 2022” which could create increased competition for existing jobs if the trend continues. The population aged 15 years and older rose by 0.8 percent in the third quarter of 2023....

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