Canada’s job market has seen a decline in job vacancies, creating a more competitive environment for job seekers, including immigrants.
According to Statistics Canada, there were 546,100 vacant positions at the end of the third quarter of 2024, a significant drop from the peak of 983,600 in Q2 2022.
Despite the overall decrease in job openings, certain industries are still experiencing growth, presenting opportunities for immigrants to secure employment in these sectors.
Immigration News Canada (INC), reports that the latest report from December 16th shows a decrease in both permanent and temporary job vacancies.
Permanent roles fell by 27,800, and temporary roles declined by 4,100. Full-time positions also decreased by 19,300, while part-time jobs saw a drop of 12,600.
The unemployment-to-job vacancy ratio rose to 2.6, meaning there are now 2.6 unemployed persons for every available job, compared to 2.0 in the previous quarter.
Certain sectors are seeing fewer job openings. Among the ten major occupational groups, four experienced significant declines:
These trends indicate that immigrants should consider focusing on other growing sectors that still offer job opportunities.
While some occupations are seeing a decline, reports tell that others are experiencing significant growth.
The following positions had the highest number of job openings at the end of the third quarter of 2024:
These positions offer opportunities for immigrants seeking work in Canada’s evolving job market, particularly in sectors such as healthcare, retail, and transportation.
Certain occupations have seen impressive year-on-year increases in job vacancies. These include:
These occupations indicate that there is growing demand in industries such as emergency services, logistics, finance, and engineering, making them key areas for immigrants to explore.
Some job categories have experienced large declines in vacancies compared to the previous year. These include:
These reductions suggest that these roles may not offer as many opportunities in the coming months.
Despite the overall decline in job vacancies, certain sectors continue to offer opportunities for immigrants. Healthcare, logistics, finance, and engineering are among the industries with growing job openings.
Despite the overall decline in job vacancies, certain sectors continue to offer opportunities for immigrants. Healthcare, logistics, finance, and engineering are among the industries with growing job openings.
By focusing on these areas, immigrants can increase their chances of securing stable employment and contributing to Canada’s economy.