The report on employment, wages, hours, and job vacancies for the month of May 2022 in Canada’s monthly payroll data has been made available to the public. According to the findings of the research, the number of employees in Canada who get income or benefits from their employers has decreased for the first time since May 2021.
According to the survey, which was prepared using data from the Survey of Employment, Payrolls, and Hours, as of last May, 26,000 jobs were no longer on the payroll. The highest drops were recorded in Manitoba and Ontario, which reported 2,500 and 30,000 job openings, respectively. British Columbia was the only province to record an increase in payroll employees.
Most sectors experience payroll employee declines
The service sector, which includes employment in disciplines like education, healthcare, and social support, had some of the greatest declines in recent economic data. It was reported that about 17,000 payroll jobs were lost as a result.
Additionally, there was a large drop in employment in the construction industry overall. The number of employees decreased by almost 17,500 in May, which is the lowest number since July 2021. Of the majority of the jobs lost in construction, nearly two thirds were lost in Ontario. This loss is mostly attributable to strikes that happened throughout the province which led to major delays on a number of projects.
The employment rate in retail trade is still higher than in 2021. Ontario saw the country’s largest decrease in retail trade jobs. For the second month in a row, the payroll employees in retail trade professions have declined. However, the present total employment rate retail trade is 6% greater than it was in May 2021. The number of retail jobs went up in New Brunswick, Quebec, Labrador, and British Columbia and Newfoundland, but not in Ontario.
The only sector that recorded growth in each province was the professional, scientific, and technology services sector, which gained over 10,000 jobs throughout the country, the majority of which were found in high-tech industries such as computer systems design and related services.