Upward Pressure on wages and Job Vacancies in different industries
Owing to the job boom witnessed in Quebec, the job market stands out as one of the tightest on the country. According to the records, the jobless rate was at an all-time low during the last quarter of last year. The jobless rate dive has been accorded to the political stability of the province, and the trend is likely to continue with the political issues and sovereignty quickly fading. Construction, healthcare, administrative and support services were among the niches that had a significant increase in vacancy while the hourly rates rose by 40 cents a 2 percent increase.
The job vacancies in Ontario increased by 14.1 percent, as compared to the previous year, where 26,840 more job opportunities were created. The increase resulted in an hourly wage increase of $1.55 which translates to a 7.6 percent increase. The largest increase among other provinces. Retail, social assistance, and manufacturing topped the list of increased vacancies.
The 18.1 percent increase in British Columbia was propagated by the manufacturing, professional, scientific and technical industries, agriculture, fishing, and hunting. The Hourly wage increased by $1.40 in the province
