The number of employees receiving pay or benefits from their employer rose by 62,500 (+0.3 per cent) in February, following an increase of 75,300 (+0.4 per cent) in January. This brings cumulative gains from September 2022 to February 2023 to 342,200 (+1.9 per cent), according to a Statistics Canada report released on Thursday.
“Across all sectors, job vacancies fell (-34,900; -4.0 per cent) to 841,300 in February, offsetting the increase recorded in January (+25,700; +3.0 per cent). The number of job vacancies in February was the lowest since August 2021,” said StatsCan.
“The job vacancy rate—which corresponds to the number of vacant positions as a proportion of total labour demand (the sum of filled and vacant positions)—decreased 0.2 percentage points to 4.7 per cent in February.
“The number of job vacancies in health care and social assistance declined (-16,200; -10.1 per cent) to 143,800 in February, offsetting January’s increase (+11,800; +7.9 per cent). Despite this decline, the number of vacancies in this sector remained the highest across all sectors for the eighth consecutive month in February. In educational services, the number of job vacancies fell by 3,600 (-16.0 per cent) to 18,700 in February, following a decrease of 5,300 (-19.1 per cent) in January. The job vacancy rate in the sector was 1.3 per cent in February, the lowest of all sectors for the 10th consecutive month.
“In February, the number of job vacancies showed little change in the remaining 18 sectors, including in accommodation and food services (116,800), retail trade (90,600), construction (69,400) and manufacturing (63,700).”
The federal agency said payroll employment in the services-producing sector increased by 62,300 (+0.4 per cent) in February. Gains were led by educational services (+19,400; +1.4 per cent), retail trade (+11,100; +0.5 per cent), and professional, scientific, and technical services (+7,100; +0.6 per cent).
(Mario Toneguzzi is Managing Editor of Canada’s Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He worked for 35 years at the Calgary Herald, covering sports, crime, politics, health, faith, city and breaking news, and business. He works as well as a freelance writer for several national publications and as a consultant in communications and media relations/training. Mario was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list)
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