In November 2022, employment increased in 10 out of 15 sectors of the economy (the number of employees receiving salaries or benefits from their employer), which is a good sign of a favorable climate for hiring and a return to the level of economic development in Canada before COVID.
As a result, there has also been a reduction in vacancies in many industries – employers have been able to hire employees more efficiently to fill vacancies in the face of an impending shortage of labor. Total employment increased by 7,100 jobs as growth in professional scientific and technical services, public administration, finance and insurance was offset by a significant decline in retail trade.
In November 2022, the total number of vacancies decreased by 20,700 positions, which together amounted to 850,300 vacancies across Canada. This is 151,900 fewer vacancies than in May 2022, when a record figure of 1 million vacancies was recorded.
The sectors in which the largest employment growth was recorded in November included:
- Professional scientific and technical services (+5,600 positions);
- Public administration (+4,800 positions);
- Finance and insurance (+4,700 positions); and
- Construction (+4,300 positions).