In the second quarter of 2022, job vacancies hit a record, but employers still offered wage increases that were lower than inflation.
Statistics Canada reported that there were nearly one million unfilled positions in the second quarter. There were more vacancies in the last quarter than in the previous one.
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The unfilled position rate was an all-time high of 5.7 per cent.
Statistics Canada said that high job vacancies have brought attention to the correlation between labour demand and wages. In the second quarter, the average hourly wage increased by 5.3 percent to $24.05, compared to a 7.5 percent increase in the consumer price index.
Wages went up more than the consumer price index in five sectors. Wage hikes were lower than the consumer price index for the other sectors.
84.9% of the total vacancies were in sectors that offered wage growth that was in line with or better than the consumer price index in the second quarter.
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