There were more than one million vacancies for employers to fill for the third month in a row.
Job vacancies set a new record in June, indicating that a tight labour market remains a source of inflationary pressure, as employers were actively recruiting for more than one million vacancies for the third consecutive month.
There were over one million unfilled positions in June, up from over one million in May. The vacancies rate, which measures unfilled positions as a percentage of total positions, was at a record high.
The Financial Post is part of Postmedia Network Inc. There was an issue with signing you up. Try again.
The unemployment-to-job-vacancy ratio dropped to a new low in June. Employers have nearly exhausted the pool of readily available talent for the work on offer, as shown by the fact that there was one unemployed person for each vacant job.
The total labour demand, which includes both filled and vacant positions, reached a record high of more than 17 million.
Statistics Canada said seasonal patterns were not to blame for the recent month over month increases in job vacancies.
More than 80,000 vacancies were reported in each industry, and the number of vacancies remained elevated in several sectors. The health care and social assistance sector had 149,700 unfilled positions in June, up 40.8 per cent from a year ago.
Average weekly earnings outpaced the growth seen in May, posting a 3.5 percent year-over-year increase in June
Dpaglinawan@postmedia.com and denise.pglnwn are email addresses.