Canadian job market contraction: Q2 2025 sees a significant decline in vacancies

Canadian job vacancies have fallen to a seven-year low, dropping by 18,900 (-3.6%) to 505,900 in Q2 2025, following a consecutive 3.7% decrease in Q1. The year-over-year decline of 12.6% reflects a slowing labour market, with vacancies now at their lowest level since Q1 2018. Full-time positions saw the steepest drop (-5.1%), while the unemployment-to-job vacancy ratio rose to 2.9, indicating fewer opportunities across most sectors. Only art, culture, and recreation occupations showed growth (+9.5%), contrasting with significant decreases in healthcare (-7.5%) and trades (-6.1%).

#job_market_trends, #canadian_economy, #employment_statistics, #labour_shortage, #job_vacancies, #unemployment