Job vacancies drop to less than 600,000, marking 8th consecutive decline
Job vacancies in Canada fell by 59,000 (-9.2 per cent) to 582,600 in the second quarter of 2024, according to data from Statistics Canada (StatCan).
That marks the eighth consecutive quarterly decline from the record high of 983,600 reached in the second quarter of 2022.
The drop in the second quarter of 2024 was also about twice the decrease seen in the previous quarter (-30,200; -4.5 per cent).
On a year-over-year basis, job vacancies were down by 190,500 (-25.6%) in June. The job vacancy rate was holding at 3.1%, down from 4.2% in June of last year, signaling a bit of a cooldown in what used to be a red-hot job market, according to a previous report.
https://www.hrreporter.com/focus-areas/recruitment-and-staffing/job-vacancies-drop-to-less-than-600000-marking-8th-consecutive-decline/388588