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Economics

Job Vacancies Hit Record in Canada’s Ever-Tighter Labor Market

Openings climb 13%, topping 1 million for first time
Businesses are also now expecting record wage increases

Canada’s unemployment rate hit a record low of 5.2% in April. — Canada’s unemployment rate hit a record low of 5.2% in April.
Photographer: James MacDonald/Bloomberg

By

Randy Thanthong-Knight and

May 26, 2022, 2:52 PM UTC

Canadian employers reported a surge in job vacancies in March that brought the number of unfilled positions to a record.

Openings increased 13.4% seasonally adjusted to just over 1 million, Statistics Canada reported Thursday, based on its monthly survey of employers. That’s up about 60% from the same period a year earlier.