Available jobs in Canada shows increase in Q1 of 2021

 Job vacancies and job vacancy rate continue to increase in Canada

The first quarter of 2021 had the COVID-19 second wave receding in many parts of Canada. Public health restrictions got eased in many provinces in February 2021. Those included Alberta, Quebec, Ontario, and Manitoba.

Then came the third wave of COVID-19 in Canada. Cases of infections and hospitalizations were seen before the quarter ended. The public health measures were tightened, the impact of which was seen on the associated labor markets was witnessed in early April 2021 in most jurisdictions.

Through all this, the situation around jobs in Canada was coming around in an interesting manner.

The rise in job vacancies and the job vacancy rate

In Q1 of 2021, there were 553,500 job vacancies. This was a number scaled up by 40,700 from what it was in Q1 of 2020. It was also up by 47,300 in comparison with available jobs in Canada in Q1 2 years earlier.

The job vacancy rate increased 0.5% to 3.6% in Q1 of 2021. This was the highest rate considering data that began to become available in 2015. The increase in vacancies and a dip in payroll employment caused it.

However, the state of unemployment was opposite to the positive statistics of job vacancies that increased from Q1 in 2020 to Q1 in 2021. Unemployment rose by 427,000 over the same period, which was dramatic. The restrictions imposed to fight the COVID-19 pandemic caused it. The ratio of unemployed people per job vacancy jumped to 3.2 annually from 2.6. Read More 

Location: Australia

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