The average weekly earnings in Canada of employed residents rose by 3.6% year-on-year in June 2023, as per the latest Statistics Canada data released on August 31, 2023.
However, these average weekly earnings increased by just $4 from $1,200 in May to $1,204 in June.
The number of employees receiving pay and benefits from their employer increased by 47,700 (+0.3%), but job vacancies continued their downward trend, falling by 8,900 (-1.2%) to 753,400.
Province-Wise Average Weekly Earnings
|Newfoundland and Labrador||1205.89||5.4%|
|Prince Edward Island||1004.76||4.2%|
Sector-Wise Average Weekly Earnings
|Sector||June 2023||June 2022||Year-on-Year|
|Forestry, logging and support||1,425.18||1,318.25||8.1%|
|Mining, quarrying, and oil and gas extraction||2,289.96||2,231.72||2.6%|
|Transportation and warehousing||1,247.74||1,225.54||1.8%|
|Information and cultural industries||1,647.12||1,467.67||12.2%|
|Finance and insurance||1,584.30||1,575.31||0.6%|
|Real estate and rental and leasing||1,179.86||1,195.04||-1.3%|
|Professional, scientific and technical services||1,738.46||1,675.77||3.7%|
|Management of companies and enterprises||1,656.05||1,551.64||6.7%|
|Administrative and support, waste management and remediation services||1,014.33||986.12||2.9%|
|Health care and social assistance||1,061.48||1,032.94||2.8%|
|Arts, entertainment and recreation||738.38||690.93||6.9%|
|Accommodation and food services||488.03||471.34||3.5%|
|Other services (excluding public administration)||1,042.06||979.85||6.3%|
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Job Vacancies Shrink
The number of job openings continued to decline in June, falling by 1.2% to 753,400 from 762,300 in May.
This increases the net decrease in vacancies since January to 108,500 (-12.6%) and to 249,900 (-24.9%) since the record high of 1,003,200 vacancies in May 2022.
Job vacancies in June 2023 were at their lowest level since May 2021 (673,400).
Province-Wise Job Vacancies
The number of job openings in Quebec fell by 14,700 (-7.6%) to 178,500, the lowest level since March 2021 (176,400).
As a result, the unemployment rate in the province increased by 19,700 (+10.6%) to 205,900.
Saskatchewan (+4,900 to 26,300), New Brunswick (+1,800 to 14,000), and Prince Edward Island (+1,000 to 3,500) saw increases in job openings, while the six remaining provinces saw little change.
|Province||Job Vacancies||Job Vacancy Rate|
|Newfoundland and Labrador||6900||3.6%|
|Prince Edward Island||3900||5.2%|
Ontario being the largest province of Canada continues to have the highest number of job vacancies among various sectors.
This is followed by Quebec, British Columbia, Alberta, Saskatchewan, and Atlantic provinces.
Sector-Wise Job Vacancies
The sectors with the greatest decreases in job vacancies were finance and insurance (-8,800; -30.2%), accommodation and food services (-7,600; -7.5%), and construction (-6,900; -10%).
|Job Sector||Job Vacancies||Job Vacancy Rate|
|Agriculture, forestry, fishing and hunting||10800||4.3%|
|Mining, quarrying, and oil and gas extraction||10400||4.6%|
|Transportation and warehousing||40700||4.6%|
|Information and cultural industries||10700||2.8%|
|Finance and insurance||20500||2.4%|
|Real estate and rental and leasing||9000||3.0%|
|Professional, scientific and technical services||44900||3.6%|
|Management of companies and enterprises||3900||3.0%|
|Administrative and support, waste management and remediation services||42100||4.8%|
|Health care and social assistance||147100||6.1%|
|Arts, entertainment and recreation||11800||3.6%|
|Accommodation and food services||92500||6.6%|
|Other services (excluding public administration)||34900||5.9%|
However, healthcare and social assistance recorded the highest monthly increase in payroll employment (+25,100; +9.2%) following a fall in May.
The number of job vacancies in retail trade edged up by 5,700 (+7.2%) to 84,800 in June, marginally offsetting decreases of 5,800 (-6.3%) in April and of 6,800 (-7.8%) in May.
The number of job openings in mining, quarrying, and oil and gas extraction increased by 2,100 to 10,400 in June.
How much is the unemployment rate in Canada?
Canada has an unemployment rate of 5.5% as of July 2023 up from 5% April 2023 as per the latest Statistics Canada data.
What is job vacancy rate in Canada?
Canada has an overall job vacancy rate of 4.2% which is defined as the number of vacant positions as a proportion of total labour demand (total of filled and vacant job positions).