Job vacancies in Canada increased to 656,700 in February, up by 21,800 (+3.4%)

Highlights: Job vacancies in Canada increased in February!

• In February 2024, the number of job vacancies in Canada increased by 656,700.
• The increase in overall job vacancies was mainly in the transportation, warehousing, finance, and insurance sectors.
• There were around 128,200 job vacancies in the social assistance and healthcare sectors in February.
• The number of vacant positions increased in Canada's provinces by 18,200 in Ontario and 9,900 in Alberta.

 

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Increase in Payroll employment.

In February 2024, payroll employment in public administration increased by 6,600, and finance and insurance increased by 6,400. The increase in the public administration sector concentrated more on local, municipal, and regional public administration by 0.9%. Year over year, payroll employment in the public administration sector increased by 56,500, and finance and insurance increased by 14,200 in February.

 

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Job vacancies up in February

In February 2024, the number of job vacancies in Canada increased to 656,700. The monthly increase in overall job vacancies was mostly in sectors like transportation, warehousing, finance, and insurance. In finance and insurance, job vacancies increased by 4,100. The job vacancy rate in transportation and warehousing was 4.7%, and 3.2% in finance and insurance.

 

There were around 128,200 job vacancies in health care and social assistance. Year over year, labor demand increased by 3.3% in these fields.

 

Sector Job Vacancies	Job Vacancies	Job vacancy rate
Transportation and warehousing	16,300	4.7%
Finance and insurance	4,100	3.2%
Health care and social assistance	128,200	5.2%

 

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Job vacancies rise in Canada’s provinces and territories

Job vacancies increased in Ontario and Alberta. Ontario saw an increase in vacancies of 18,200, and Alberta saw an increase of 9,900 in February 2024.

Province or Territory	Job Vacancy rate
Ontario	8.4%
Alberta	13.7%
British Columbia	4.3%
Saskatchewan	4.0%
Prince Edward Island	3.0%
Newfoundland and Labrador	2.9%

 

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