The number of job vacancies totalled 460,000 in the second quarter, up 67,000 (+17.2%) from the second quarter of 2016. The overall job vacancy rate rose 0.4 percentage points to 2.9%. Increases in job vacancies were broadly based across provinces and industrial sectors.
This was the third consecutive quarter with year-over-year increases in both the number of job vacancies and the job vacancy rate.
The job vacancy rate refers to the share of jobs that are unfilled out of all available payroll jobs. It represents the number of job vacancies expressed as a percentage of labour demand; that is, the sum of all occupied and vacant jobs.
Year-over-year change in the number of job
The number of job vacancies that were for full-time work rose by 54,000, while job vacancies for part-time work were up by 14,000 on a year-over-year basis. Nationally, the average offered hourly wage was little changed at $19.50.
A number of labour market indicators point to improved labour market conditions during this time. According to the Labour Force Survey, national employment has increased at a relatively faster pace since the second half of 2016 and the unemployment rate has continued to trend downwards.
Compared with the first quarter of 2017, the number of job vacancies (unadjusted for seasonality) in Canada increased 18.8%, while the job vacancy rate rose 0.4 percentage points. These quarter-to-quarter increases may partly reflect seasonal recruitment patterns, as job vacancies were also up notably between the first and second quarters of both 2015 and 2016.