The Labour Force Survey (LFS) for August 2022 has been made public by Statistics Canada.
For the first time since records began to be kept in 2015, there are fewer unemployed persons in Canada (989,000) than there were open positions (1,038,000). The fact that more than a third (38%) of firms anticipate finding talented workers to be a struggle in the upcoming three months is a big surprise for job hunters. According to the LFS, employment fell by 40,000 jobs, and the national unemployment rate increased by 0.5 percentage points to 5.4%, the first increase in seven months.
Employment declined in Manitoba, Nova Scotia, and British Columbia, while employment rose in Quebec.
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