Canada still offers more than a million jobs.
The Jobs, Wages, Hours and Vacancies Report Canada’s monthly wage data for the month of May 2022 has been made available to the public. For the first time since May 2021, the number of workers in Canada receiving income or benefits from their employers has declined, according to the survey.
According to the study, which is based on data from the Employment, Wages and Hours Survey, 26,000 jobs were no longer on the payroll last May. The biggest declines were in Manitoba and Ontario, which reported 2,500 and 30,000 vacancies, respectively. British Columbia was the only province to see an increase in wage earners.
The Jobs, Wages, Hours and Vacancies Report Canada’s monthly wage data for the month of May 2022 has been made available to the public. For the first time since May 2021, the number of workers in Canada receiving income or benefits from their employers has declined, according to the survey.
According to the study, which is based on data from the Employment, Wages and Hours Survey, 26,000 jobs were no longer on the payroll last May. The biggest declines were in Manitoba and Ontario, which reported 2,500 and 30,000 vacancies, respectively. British Columbia was the only province to see an increase in wage earners.
Most sectors are experiencing a decline in wage employment
The services sector, which includes employment in areas such as education, health care and social assistance, saw the largest decline in recent economic data. It was reported that around 17,000 salaried jobs were lost as a result.
In addition, there was a large decline in employment in the construction sector as a whole. The number of workers fell by nearly 17,500 in May, the lowest number since July 2021. Almost two-thirds of the majority of construction job losses were lost in Ontario. This loss is mainly due to statewide strikes which have resulted in major delays in several projects.
Canada’s monthly wage data for May 2022 employment, wages, hours and vacancies has been made available to the public. The number of workers in Canada receiving income or benefits from their employers fell for the first time since May 2021, according to the survey.
According to the study, which is based on data from the Employment, Wages and Hours Survey, 26,000 jobs were no longer on the payroll last May. The biggest declines were in Manitoba and Ontario, which lost 2,500 and 30,000 jobs, respectively. British Columbia was the only province to see an increase in wage earners.
A decrease in workers’ wages was noted in most sectors
The services sector, which includes employment in areas such as education, health care and social benefits, saw the biggest drop in the latest economic data. It was reported that around 17,000 salaried jobs were lost as a result.
In addition, there was a large decline in employment in the construction sector as a whole. The number of workers fell by nearly 17,500 in May, the lowest number since July 2021. About two-thirds of the majority of construction job losses were lost in Ontario. This loss is largely due to government strikes which have led to major delays in a number of projects.
Retail employment is still higher than in 2021. Ontario saw the nation’s largest decline in retail jobs. For the second month in a row, the number of employees in retail occupations decreased. However, the current total retail employment rate is 6% higher than it was in May 2021. Retail jobs increased in New Brunswick, Quebec, Labrador and British Columbia and Newfoundland, but not in Ontario.
The only sector that saw growth in every state was the professional, scientific, and technical services sector, which added more than 10,000 jobs nationwide, most of them in high-tech industries such as computer systems design and related services.
Weekly wages rose by an average of 2.5%
Retail had the largest increase in weekly wages in May, despite an overall loss of employment, rising 9.3% from the same period in 2021. Wages in professional, technical and scientific services also rose 8.1%. On the other hand, average weekly wages fell the most in the arts, entertainment and recreation sector, by 9.7%.
Compared to April data, the average weekly earnings of employees increased by 2.5%. This is likely due to salary increases or changes in the work environment. The report’s findings show that the higher average, which was found to be 1.5% higher than before covid-19, was not due to more hours worked.
This statistic also shows the general trend of annual growth. The most significant increase of 7.4% was noted in New Brunswick, comparing May 2021 to May 2020. Newfoundland and Labrador came in second with 5.9% annual growth. In addition, median income increased each year in seven additional Canadian provinces.
Weekly wages rose by an average of 2.5%
The retail trade sector had the largest increase in weekly wages in May, despite an overall loss of employment, rising 9.3% from the same period in 2021. Wages in professional, technical and scientific services also increased by 8.1%. On the other hand, average weekly earnings fell the most in the arts, entertainment and entertainment sector, by 9.7%.
Compared to the April data, the average weekly salary of employees increased by 2.5%. This is probably due to a salary increase or a change in the work environment. The report’s findings show that the higher average, which was found to be 1.5% higher than before Covid-19, was not due to more hours worked.
This statistic also shows the general trend of annual growth. The most significant increase of 7.4% was noted in New Brunswick, comparing May 2021 to May 2020. Newfoundland and Labrador came in second with 5.9% annual growth. In addition, median income increased each year in seven additional Canadian provinces.
Vacancies in healthcare continue to grow
In May, Canada’s unemployment rate hit a then-record low of 5.1% (it fell further to 4.9% in June). According to the report, there was a significant increase in vacancies in healthcare and social services, amounting to 143 thousand, which corresponds to 6.1%. This is a significant increase over April’s vacancy rate of 5.4% and a 20% increase over May 2021 vacancies.
In May, 161,000 jobs were added in the lodging and food industry in both Manitoba and Nova Scotia. Both of these provinces had vacancy rates above 10%. For the thirteenth month in a row, Nova Scotia and Manitoba had the most jobs in the lodging and food service industries.
This statistic also shows the general trend of annual growth. The most significant increase of 7.4% was noted in New Brunswick, comparing May 2021 to May 2020. Newfoundland and Labrador came in second with 5.9% annual growth. In addition, median income increased each year in seven additional Canadian provinces.
Vacancies in healthcare continue to grow
In May, Canada’s unemployment rate hit a then-record low of 5.1% (it fell further to 4.9% in June). According to the report, there was a significant increase in vacancies in healthcare and social services, amounting to 143 thousand, which corresponds to 6.1%. This is a significant increase over April’s vacancy rate of 5.4% and a 20% increase over May 2021 vacancies.
In May, 161,000 jobs were added in the lodging and food industry in both Manitoba and Nova Scotia. Both of these provinces had vacancy rates above 10%. For the thirteenth month in a row, Nova Scotia and Manitoba had the most jobs in the lodging and food service industries.
Vacancies are more than unemployment
Canada has over one million job vacancies. This is equal to April’s statistics, but has increased by almost 300,000 since May 2021. The combination of high vacancy rates and low unemployment rates, as reported by the May 2022 Labor Force Survey, points to a growing labor shortage in various countries. sectors and the growing need to immigrate to Canada as the workforce approaches retirement age. By 2022, Canada plans to welcome nearly 430,000 permanent residents, the largest number ever. This target will increase to more than 450 thousand by 2024.