Job vacancies fell in September as more Canadians secured employment

Statistics Canada reveals a drop in job vacancies in September as more Canadians found work. Job vacancies fell by 40,700, continuing a downward trend from May 2022’s peak of over a million. Despite the decline, payroll employment improved, with 22,100 more people employed in September, following a decline in August. The largest increases were seen in educational services and healthcare, while accommodation, food services, and retail trade sectors lost workers. The job vacancy rate dropped to 3.6%, the lowest since January 2021. Job vacancies decreased in Ontario, Quebec, and Nova Scotia and increased in Manitoba and Prince Edward Island. Foreign nationals can gain permanent residency in Canada through various economic immigration programs.