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Canada's job vacancies mark ninth consecutive quarterly decline

Tan KW
Publish date: Tue, 17 Dec 2024, 09:25 AM
Tan KW
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OTTAWA, Dec. 16 -- Canada's job vacancies fell by 31,900, or 5.5 percent, to 546,100 in the third quarter of this year, marking the ninth consecutive quarterly decline, Statistics Canada said Monday.

Job vacancies declined for both permanent and temporary positions, and among both full-time and part-time positions, the national statistical agency said.

The job vacancy rate, which corresponds to the number of vacant positions as a proportion of total labor demand, decreased 0.1 percentage points to 3.1 percent in the third quarter of 2024, marking the ninth consecutive quarterly decline from a record high of 5.6 percent in the second quarter of 2022, according to the agency.

The unemployment-to-job vacancy ratio, the number of unemployed persons per job vacancy, continued a steady increase to 2.6 in the third quarter of 2024, up from 2.4 in the second quarter, and from 2.0 in the first quarter, the agency said.

The increase in the unemployment-to-job vacancy ratio from the third quarter of 2022 reflected both a decrease in job vacancies and an increase in the number of unemployed persons, said Statistics Canada.

 


  - Xinhua

 

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