Q3 Canadian activity vacancies fell 9%

Statistics Canada is out with quarterly activity vacancies knowledge and the image differs strongly from still-robust hiring knowledge. The document displays vacancies fell by way of 69,900 to 706,100. That is a ongoing decline from the height of 990,900 in Q2 2022.

The activity emptiness fee fell to a few.9% from 4.3%.

The chart displays that vacancies have just about normalized.

At the salary aspect, the common presented hourly salary grew 5.8% in comparison to 4.4% within the prior quarter however slower than in Q3 2022 on the top, which used to be 7.3%. StatsCan attempted to regulate for the kinds of jobs to be had and located y/y salary expansion up 3.5% in Q3, up from 3.2% the former quarter.


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