Canada’s job vacancies peaked in the healthcare and social assistance sector. Recently, Statistics Canada revealed data about payroll employment, earnings, hours, and Canadian job vacancies for August this year.
This recent report analyzes the Canadian workforce, the number of paid workers, the pay they receive, and their number of working hours. It also covers those vacancies that have only recently become vacant. According to official data, August comprised 958,500 empty payroll job positions in Canada in August 2021. On the whole, the report observed only a slight change compared to the official data for July. However, there is a significant change in the report compared to the available vacancies, up to 919,200 in August 2021.
Canada’s job vacancies rise in the healthcare sector
The latest report by Statistics Canada displays 152,000 employment vacancies in the healthcare and social assistance sector. This data stands true for August 2022. Also, it marks an increase from 0.4 percent in June to 6.4 percent in July.
Canada’s job vacancies in the healthcare sector broke all records and also led to the closure of several emergency rooms. This inadequate staff also resulted in the decline of other services available in hospitals.
Consequently, the healthcare system depends mainly on immigration to fill job vacancies. Official data suggests that 36 percent of Physicians and 25 percent of Registered Nurses are not born in Canada.
Additionally, medical professionals with foreign-based training find it challenging to acquire proper licensing through the authorities in Canada. As a result, they find it all the more challenging to get work in the industry and put less pressure on the healthcare system.
Therefore, IRCC is taking the much-needed initiatives to make the immigration process easier for foreign-trained healthcare workers. The department is currently working on removing obstacles for Physicians, provided they already reside in Canada as temporary residents.
The rise in Payroll employment- professional, technical, and scientific services
The professional, technical and scientific sector observes a minor increase in payroll employment. This sector witnessed a payroll employment increase of up to 0.4 percent, with 5,200 in August. Canadian provinces such as Ontario and British Columbia experienced drastic profits, whereas Alberta and Quebec filled more than 500 vacant job positions.
Various services, including Computer Systems design, management, related services, and consulting services in the scientific and technical industries, observed maximum payroll employment. A total number of 1,200 positions emerged for these services.
Specifically, the Computer System design outgrew the total growth rate in this sector with an increase of 65,900 filled employment positions since last year. However, the number of vacancies declined to 59,600 in August. This decrease has been constant per the given data for 2021.
Increased wages and Consumer Price Index not in alignment
Employment wages observed a growth rate of 3.4 percent compared to the month of August last year. This increase is slightly higher than the total growth rate of 3 percent in July. The growth rate can be responsible for the change in wages, the number of people employed, and the number of working hours. However, all the sectors witnessed only minor changes in the number of working hours, based on monthly or yearly calculations. Similarly, the Consumer Price Index also presented a growth rate of 7 percent or 50 percent above the average wage growth rate. Also, this implies that the cost of goods and services encompasses the median income of Canadians.
The services-producing sector witnessed a massive wage profit. For instance, occupations related to the finance and insurance sector observed a yearly growth rate of 13.9 percent. On the other hand, the management of companies and businesses observed an increase of 10.5 percent. The goods and services producing sectors also underwent higher levels of wage growth rate with up to 3 percent. These sectors include mining, oil, manufacturing, and gas extraction. However, forestry, construction, and logging underwent slower growth.
Overall, the healthcare sector has been growing slowly at 0.9 percent since August in 2021.
As per reports, there was a wage decline of up to 2.4 percent in educational services and 1.1 percent in informational and cultural services.
