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Canada’s high job vacancy rate means immigration will be even more critical to the labour market in the future

Canada’s high job vacancy rate means immigration will be even more critical to the labour market in the future

Canada’s high job vacancy rate means immigration will be even more critical to the labour market in the future

July 2, 2022
Canada’s high job vacancy rate means immigration will be even more critical to the labour market in the future

Canada’s unemployment rate is at a record low of 5.1%, resulting in significant worker shortages. Job vacancies are more than 80% higher than they were pre-pandemic. These vacancies are in large part due to Canada’s aging population. More than one in five working age Canadians are approaching retirement age. This impact is compounded by Canada’s
The post Canada’s high job vacancy rate means immigration will be even more critical to the labour market in the future first appeared on CIC News.

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