Job Vacancies in the Retail Industry
The retail industry employs the most people in Canada. A large number of job vacancies makes the retail sector the hardest hit by job vacancies. Dealers in the construction, beverage stores, and building materials lack retail persons, clerks, shelf stockers, and order fillers.
The Manufacturing Industry
The manufacturing sector relies heavily on human resources to keep supply chains open. This year the industry is running dangerously low on employees with over 65,000 available jobs. If this pattern, there may be actual consequences in the food and wood manufacturing subsectors.
Clubs, bars, and hotelier businesses were already vulnerable due to Covid 19 movement restrictions placed worldwide. Job vacancies in the sector have only added salt to injury. Public health restrictions combined with job vacancies counting 89,100. The upside to this shortage is the average hourly wage for the industry has gone up 6% since last year.
Economy experts have suggested that the uncertainty in the food and beverage industry played a crucial role in employees quitting for more certain jobs. In addition, employees in the sector are paid considerably lower than employees in other industries giving employees incentive to jump ship.
Experts have spent months studying the job vacancy situation, and they predict that the problem will only worsen before improving. Carrie Freeston, an economist, supports the prediction that any employees who held on for retirement benefits will eventually fold and leave. Researchers will have data collected from the last quarter ready in December. Once the data is out, we can analyze the progress of job vacancies in the previous quarter. Chances are Canada will employ loose immigration policies to supplement the current labor shortage. Whichever the case, Canada needs to use any strategy to mitigate the effects of job vacancies on the local economy. After the pandemic, most employees want better pay and benefits for jobs.