Statistics Canada says the number of job vacancies in July fell 5.8 percent to their lowest level since May 2021.
The agency says the number of job vacancies fell declined by 43,100 to 701,300 in the month, continuing a steady downward trend since June last year.
On a year-over-year basis, Statistics Canada says the number of job vacancies was down by 28.1 percent or 273,700.
The number of unfilled jobs in retail trade fell by 10,800, or 12.8 percent, while the accommodation and food services sector saw a drop of 10,400, or 11.6 percent.
The job vacancy rate—which corresponds to the number of vacant positions as a proportion of total labour demand—fell 0.3 percentage points to 3.9 percent in July.
Statistics Canada says there were 1.7 unemployed people for every job vacancy in July, up from 1.5 in June and 1.2 at the start of the year.
