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September 29, 2022JOB VACANCIES, JULY 2022 Statistics Canada released today monthly results from the Job Vacancy and Wage Survey (JVWS) for July 2022, the data is not adjusted for seasonal patterns.
Nova Scotia had 20,600 job vacancies in July 2022 with a vacancy rate of 4.7%. This was a month-over-month decline of 2,810 in the number of vacancies reported in Nova Scotia based on the dataset that started in October of 2020.
Canadian employers were actively recruiting for 964,035 positions in July with a vacancy rate of 5.4%. This was down 5.5% (-56,360) from June which was the highest number of vacancies reported in Canada since the start of this dataset in October of 2020.
The highest vacancy rate was reported in British Columbia while the lowest vacancy rate was reported in Prince Edward Island.
Although there are seasonal variations, Nova Scotia's job vacancy rates have been trending up since the start of 2021. The Job vacancy rates in Nova Scotia declined over the last two months.
The number of job vacancies in Nova Scotia reached 20,600 in July 2022. In July 2021, there were 14,655 vacancies.
Comparing July 2022 with July 2021, the number of job vacancies in Nova Scotia was up 40.6%. This was the third largest growth among the provinces following Manitoba (+53.7%) and Alberta (+43.6%). National job vacancy growth was 16.2%.
Nationally, accommodation and food services sector had the highest job vacancy rate (10.0%) as well as the highest number of job vacancies at 143,600 This industry has had the highest vacancy rate among all industries for over a year.
After accommodation and food services, the next highest job vacancy rates in Canada were reported in personal/repair services, and administration, support and waste management. The lowest vacancy rates were in education and public administration.
After accommodation and food services, the next largest numbers of job vacancies were reported in health/social assistance, retail, manufacturing and construction.
Notes: The job vacancy rate is the percentage of job positions (both filled and vacant) that are vacant. A higher job vacancy rate indicates a tighter labour market where it is more difficult for employers to find suitable candidates for the positions offered. A lower job vacancy rate signals labour market slack and potentially more job seekers competing for each vacant position.
Information on monthly job vacancies will continue in future Statistics Canada releases, and a more detailed analysis will be released with quarterly estimates from the Job Vacancy and Wage Survey.
Sources: Statistics Canada, Table 14-10-0371-01 Job vacancies, payroll employees, and job vacancy rate by provinces and territories, monthly, unadjusted for seasonality; Table 14-10-0372-01 Job vacancies, payroll employees, and job vacancy rate by industry sector, monthly, unadjusted for seasonality
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