In Canada, there are over 10 million job vacancies. The number of vacancies has increased since May 2021 by more than 3 lakh.
The May 2022 Labor Force Survey indicates a growing labor shortage in a number of industries and an increased demand for immigration to Canada as the country’s workforce ages and matures. his retirement.
This, in turn, leads to a high vacancy rate. Canada is currently preparing to welcome its highest ever number of permanent residents in 2022 – the target is 4.3 lakh. By 2024, the target would have reached over 4.5 lakh, a CIC News indicated report.
In such a scenario, where unemployment is low and job vacancies are plentiful, immigrants have the opportunity to fill vacancies.
Therefore, this could be a great opportunity for you if you want to use Express Entry to apply for permanent residency in Canada.
According to another survey, there are now more positions available than ever before in some states.
In Alberta and Ontario, there were 1.1 unemployed for every job vacancy in April, down from 1.2 in March and 2.4 from a year earlier.
For every job vacancy in Newfoundland and Labrador, there were about four unemployed people.
Professional, scientific and technical services, transportation and warehousing, finance and insurance, recreation and recreation, and real estate all saw record vacancy rates.
Vacancies in the construction sector also hit a record high of 89,900 in April, up nearly 45% from the same month last year and 5.4% from March.
In May, there were 1.61 lakh vacancies in the accommodation and food services sector in Nova Scotia and Manitoba, which had vacancy rates of over 10%.
Accommodation and food services recorded the highest number of vacancies for the 13th consecutive month.
As fewer people are eager to enter the workforce and more people over the age of 55 are leaving it, the Canadian labor market has fallen dramatically this year.
Canada’s 90 million baby boomers are expected to retire this decade, according to CIC News.
According to a recent RBC survey, one-third of Canadians are retiring early and three in 10 nearing retirement are delaying retirement due to the pandemic.
Meanwhile, in 2020, the fertility rate hit an all-time high of 1.4 children per woman.
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