Finding a job in Canada is a smart idea
Finding a job in Canada is a smart idea
The best spot to hunt for a job is in Canada. In addition to having one of the best economies in the world, it also has a huge labor pool.
The number of open opportunities for hotel and food services workers increased to 129 100 in June as eateries began to reopen. This was more than even what was provided for health care or social assistance in the previous month! Despite only having 112 000 vacant positions compared to other industries’ rates of about 800 every day, Canada’s retail trade sector placed third overall among all industries with its high volume. Although these numbers may appear little, they pile up over time.
Canada experienced an increase in job openings for food services in June. As expected given the nature of this particular industry, the bulk of the 815 800 total opportunities were for employment in the service sector.
In terms of employment vacancy rates, June broke all previous records. The overall Canadian rate of 5% is already greater than that of most other nations. Since Statistics Canada began collecting data on this statistic in October 2020, the rate has only been rising, so we can anticipate that June’s rate will be substantially higher than those earlier figures indicate.
Due to the hot summer weather and the desire of customers to leave their air-conditioned houses, restaurants are permitted to open their outdoor seating during this season. Hotels are starting to hire more staff members as a result of their guests arriving for supper or lunch, along with other crucial industries like retail that have seen some positive activity recently too. As a result, many companies have greater job vacancy rates in the lodging services sector with over 12% openings on the rise.
Depending on where each province was placed in the rankings, their performance changed. The high rates of job openings in British Columbia and Quebec can be ascribed to a labor shortage. Even so, Nova Scotia’s poor performance could be attributed to the province’s robust economy because there are not many openings for positions.
It is anticipated that the labor shortage would worsen. According to a recent RBC research, people are likely to continue abandoning their jobs in 2020. They avoid working during the hours because of their discontent during the current economic unrest. It can force some job seekers towards retirement without first locating a rewarding job or alternative professional path.
Many service sectors are understaffed as a result of the pandemic layoffs and lack of competent applicants; hence, recruitment activities may be necessary if companies want to both hire new people and fill available positions.
Preventing high job vacancy rates is the most effective approach to avoid a recession. According to a recent analysis by economist Carrie Freestone, there can be a negative impact on economic growth when there are a lot of job openings. Businesses may employ even fewer people than they require to complete their tasks, which means that those who do have jobs may also receive wage increases since employers do not want so many people competing for jobs at once (and incurring higher costs). In competitive labor markets, employees have more bargaining power, which drives up wages and ultimately raises consumer costs.
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Because low-paying jobs still have wages that are 57 percent below those of other service sector jobs, the labor market is competitive. It is also possible that the recent rise in job openings in the food services industry is the result of employees quitting permanently due to an increased workload or the difficulties in finding new hires because qualified candidates are harder to come by now than in the past.
