Know Latest Average Weekly Earnings and Job Vacancies In Canada Leylines Group

Know Latest Average Weekly Earnings and Job Vacancies In Canad

New average weekly earnings in Canada, Canada Immigration News 2023, Latest Canada News

The average weekly earnings in Canada of employed residents rose by 3.6% year-on-year in June 2023, as per the latest Statistics Canada data released on August 31, 2023.

However, these average weekly earnings increased by just $4 from $1,200 in May to $1,204 in June.

The number of employees receiving pay and benefits from their employer increased by 47,700 (+0.3%), but job vacancies continued their downward trend, falling by 8,900 (-1.2%) to 753,400

Province-Wise Average Weekly Earnings

Geography	Average Earnings	12-Month Change
Canada	1203.64	3.6%
Nunavut	1665.72	8.5%
Northwest Territories	1613.39	5.1%
Yukon	1366.45	1.9%
Alberta	1283.89	2.1%
Ontario	1226.21	4.2%
Newfoundland and Labrador	1205.89	5.4%
British Columbia	1203.72	3.1%
Saskatchewan	1168.96	2.6%
Quebec	1153.32	4.3%
Manitoba	1094.77	3.8%
New Brunswick	1091.30	1.8%
Nova Scotia	1064.90	3.9%
Prince Edward Island	1004.76	4.2%

Sector-Wise Average Weekly Earnings

Sector	June 2023	June 2022	Year-on-Year
Forestry, logging and support	1,425.18	1,318.25	8.1%
Mining, quarrying, and oil and gas extraction	2,289.96	2,231.72	2.6%
Utilities	2,147.41	2,002.67	7.2%
Construction	1,485.24	1,443.19	2.9%
Manufacturing	1,337.46	1,269.56	5.3%
Wholesale trade	1,416.85	1,375.86	3.0%
Retail trade	705.71	699.54	0.9%
Transportation and warehousing	1,247.74	1,225.54	1.8%
Information and cultural industries	1,647.12	1,467.67	12.2%
Finance and insurance	1,584.30	1,575.31	0.6%
Real estate and rental and leasing	1,179.86	1,195.04	-1.3%
Professional, scientific and technical services	1,738.46	1,675.77	3.7%
Management of companies and enterprises	1,656.05	1,551.64	6.7%
Administrative and support, waste management and remediation services	1,014.33	986.12	2.9%
Educational services	1,177.13	1,118.72	5.2%
Health care and social assistance	1,061.48	1,032.94	2.8%
Arts, entertainment and recreation	738.38	690.93	6.9%
Accommodation and food services	488.03	471.34	3.5%
Other services (excluding public administration)	1,042.06	979.85	6.3%
Public administration	1,529.21	1,493.25	2.4%

Job Vacancies Shrink

The number of job openings continued to decline in June, falling by 1.2% to 753,400 from 762,300 in May.

This increases the net decrease in vacancies since January to 108,500 (-12.6%) and to 249,900 (-24.9%) since the record high of 1,003,200 vacancies in May 2022.

Province-Wise Job Vacancies

The number of job openings in Quebec fell by 14,700 (-7.6%) to 178,500, the lowest level since March 2021 (176,400).

As a result, the unemployment rate in the province increased by 19,700 (+10.6%) to 205,900.

Saskatchewan (+4,900 to 26,300), New Brunswick (+1,800 to 14,000), and Prince Edward Island (+1,000 to 3,500) saw increases in job openings, while the six remaining provinces saw little change.

Province	Job Vacancies	Vacancy Rate
Ontario	272400	3.9%
Quebec	178500	4.4%
British Columbia	116500	4.6%
Alberta	87200	4.1%
Manitoba	26500	4.2%
Saskatchewan	26300	5.1%
Nova Scotia	17700	3.9%
New Brunswick	14000	4.2%
Newfoundland and Labrador	6900	3.6%
Northwest Territories	5900	5.9%
Prince Edward Island	3900	5.2%
Nunavut	3900	3.9%
Yukon	1400	6.8%

Ontario being the largest province of Canada continues to have the highest number of job vacancies among various sectors.

This is followed by Quebec, British Columbia, Alberta, Saskatchewan, and Atlantic provinces.

Sector-Wise Job Vacancies

The sectors with the greatest decreases in job vacancies were finance and insurance (-8,800; -30.2%), accommodation and food services (-7,600; -7.5%), and construction (-6,900; -10%).

Job Sector	Job Vacancies	Vacancy Rate
Agriculture, forestry, fishing and hunting	10800	4.3%
Mining, quarrying, and oil and gas extraction	10400	4.6%
Utilities	3300	2.5%
Construction	62300	5.1%
Manufacturing	58600	3.6%
Wholesale trade	26200	3.1%
Retail trade	84800	4.0%
Transportation and warehousing	40700	4.6%
Information and cultural industries	10700	2.8%
Finance and insurance	20500	2.4%
Real estate and rental and leasing	9000	3.0%
Professional, scientific and technical services	44900	3.6%
Management of companies and enterprises	3900	3.0%
Administrative and support, waste management and remediation services	42100	4.8%
Educational services	24200	1.7%
Health care and social assistance	147100	6.1%
Arts, entertainment and recreation	11800	3.6%
Accommodation and food services	92500	6.6%
Other services (excluding public administration)	34900	5.9%

What is job vacancy rate in Canada?

Canada has an overall job vacancy rate of 4.2% which is defined as the number of vacant positions as a proportion of total labour demand (total of filled and vacant job positions).

Know Latest Average Weekly Earnings and Job Vacancies In Canada

Last Updated September 2023