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Canada increases average hourly wages to 7.5% to meet the workforce demand

Canada increases average hourly wages to 7.5% to meet the workforce demand

Highlights of Canada increases average hourly wages to 7.5% to meet the workforce demand

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4 ways to work in Canada without LMIA

Canada’s step towards increasing average hourly wages

Canada has been facing workforce shortages as currently, it has 1M+ job vacancies. Hence the employers and the Canadian government worked on increasing the average hourly wages per the demand of an occupation.

What is a vacant job?

A vacant job does not have anyone to do the work; thus, a new individual has to take up the job and do it. And if,

Do you want work in Canada? Speak to Y-Axis overseas Canada immigration career consultant for guidance.

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‘Jobs in Canada up by 10,000 in Nov 2022’, StatCan Reports 

Higher immigrant retention rates observed in Atlantic Canada, StatCan reports

The average wage increase is a prime source to attract more workers for Canadian employers

As there is a chronic shortage in the workforce market and unable to find workers for the vacant jobs, most employers increased their wages for the vacant positions.

The average hourly wage raised by 7.5%, which is CAD 24.20 compared to the same quarter of 2021.

The in-demand occupation categories that have seen an increase in wages than the national average are displayed in the following table:

Categories of occupations

Increase in wages
Middle management in trades, transportation, production, and utilities

+10.8% to $41.40 an hour

Assisting occupations in support of health services

+10.7% to $22.45 an hour
Assemblers in manufacturing

+10.4% to 20.05 an hour

Processing and manufacturing machine operators and related production workers

+10.2% to $20.02 an hour

Sectors that have high job vacancies in Canada

Canada has record-level job vacancies for 150,100 healthcare and social sector professionals, which have not been filled in Q3, 2022. The country has been investing in and streamlining foreign-educated healthcare professionals.

Industries that have a notable number of job vacancies are shown in the following table:

Industry names Number of job vacancies
Healthcare and social sector professionals 150,100
Accommodation and food services 140,000
Construction 81,000
Professional scientific and technical services 63,100

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First time ever! IRCC acts on about 5 million Canada visa applications in 2022 

Apply for Canada PR under the Parents & Grandparents Program by Dec 24, 2022

Provinces that have the most job vacancies

Saskatchewan and Manitoba have seen an increase in job vacancies in Q3 of 7.5% and 10.7%, respectively. The percentage in need of workforce has been rising from Quarter to Quarter.

The highest job vacancy rate is continuously increasing at 6.2% and 5.8% for British Columbia & Quebec, respectively.

Province name Number of Job vacancies
British Columbia 155,400
Ontario 364,000
Quebec 232,400
Alberta 103,380
Manitoba 32,400
Saskatchewan 24,300
Nova Scotia 22,960
New Brunswick 16,430
Newfoundland and Labrador 8,185
Prince Edward Island 4,090
Northwest Territories 1,820
Yukon 1,720
Nunavut 405

A futuristic Canada

Canada is focused on filling in the workforce shortages. Hence immigration is the power source of the country.

The Express Entry managed programs tend to target in-demand professions in Canada.

The statistics of the number of job vacancies that are in demand occupations in each sector from each province will help the IRCC target ad send ITAs in 2023.

Canada has been taking measures to increase its workforce in the country by granting OPWs (Open Work Permits) to families who are under LMIA-based work permits.

Canada also removed the cap on the number of hours that an International student can work till December 31, 2023

There might be an increase in taking skilled workers, International graduates to recruit in Canadian businesses in 2023.

Do you have a dream to migrate to Canada? Talk to World’s no.1 Y-Axis Canada overseas migration consultant.

Also Read: Express Entry 2023 targets Healthcare, Tech professionals. Apply for Canada PR now!
Web Story: Canada maximized average hourly wages to CAD 24.20/hour for the in-demand workforce.

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