According to the Labour Force Survey for May 2022, there is a growing labour shortage in a number of industries, as well as an increased demand for immigration to Canada.
More than ten lakh jobs are available in Canada. Since May 2021, the number of available positions has increased by over 3 lakh.
According to the Labour Force Survey for May 2022, there will be a growing labour shortage in a number of industries, as well as an increased demand for immigration to Canada as the country’s workforce ages and retires.
As a result, there are a lot of job openings. Canada is currently preparing to welcome the most permanent residents in its history in 2022, with a target of 4.3 lakh. According to CIC News, by 2024, the target would have risen to more than 4.5 lakh.
Immigrants have the opportunity to fill open positions in such a scenario, where unemployment is low and job openings are plentiful.
As a result, if you want to use Express Entry to apply for permanent residency in Canada, this could be a fantastic opportunity for you.
According to another survey, certain states now have more open positions than ever before.
In April, there were 1.1 unemployed people for every open position in Alberta and Ontario, down from 1.2 in March and 2.4 a year earlier.
In Newfoundland and Labrador, there were roughly four unemployed people for every vacant position.
Vacancies were at an all-time high in professional, scientific, and technical services, transportation and warehousing, finance and insurance, leisure and recreation, and real estate.
Construction job openings reached a record high of 89,900 in April, up nearly 45 percent from the same month last year and 5.4 percent from March.
In May, there were 1,61 lakh open positions in the lodging and food services sector in Nova Scotia and Manitoba, both of which had job vacancy rates of more than 10%.
For the 13th month in a row, accommodation and food services have the most vacancies.
Because fewer people want to work and more people over the age of 55 are leaving, Canada’s labour market has contracted dramatically this year.
According to CIC News, 90 lakh baby boomers in Canada are expected to retire this decade.
According to a recent RBC survey, one-third of Canadians are retiring early, and three out of every ten people who are about to retire are delaying their retirement due to the pandemic.