{"id":112396,"date":"2025-08-02T07:30:21","date_gmt":"2025-08-02T07:30:21","guid":{"rendered":"https:\/\/www.europesays.com\/us\/112396\/"},"modified":"2025-08-02T07:30:21","modified_gmt":"2025-08-02T07:30:21","slug":"canadian-job-vacancies-fell-to-a-near-8-year-low-amid-hiring-freezes-national","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/112396\/","title":{"rendered":"Canadian job vacancies fell to a near 8-year low amid hiring freezes – National"},"content":{"rendered":"

The Canadian job market showed more signs that it may be cooling off as companies slow or freeze hiring plans, with Statistics Canada reporting that job vacancies are at the lowest point in almost eight years.<\/p>\n

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That comes as the Canadian job market continues to adapt to a rapidly changing landscape, as the trade war and U.S. President Donald Trump\u2019s tariff<\/a> policies force some businesses to pivot in order to help minimize the impacts, including higher costs<\/a>.<\/p>\n

Companies are mostly focused on maintaining their current business operations rather than setting long-term goals to expand due to the \u201cuncertainty\u201d echoed by many economists and policymakers surrounding international trade \u2014 including a pending deal between Canada and the U.S.<\/a><\/p>\n

\u201cIf you\u2019re an organization and you don\u2019t have clarity on what your business is going to look like tomorrow or next month or next quarter, you\u2019re not going to be risking adding any type of cost into the businesses,\u201d says Cal Jungwirth, director of permanent placement services at Robert Half.<\/p>\n

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\u201cI\u2019m not saying no one is hiring out there, but as a general trend, yeah, until organizations have a better feel of what the economy is going to look like, they\u2019re going to continue to be very cautious.\u201d<\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tCanada\u2019s jobless rate ticks up as Trump\u2019s tariffs cause cracks in labour market\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

On Thursday, Statistics Canada released new job market data<\/a>, which some experts say reflects the broader business sentiment surrounding the trade war.<\/p>\n

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According to the agency, the number of job vacancies, meaning job openings listed by businesses that have yet to be filled, fell in May of 2025 by 20,400, or 4.1 per cent, compared to the previous month, and that\u2019s after a 3.4 per cent drop in April.<\/p>\n

Compared to the same month in 2024, the total number of job vacancies in May of 2025 fell by nearly 16 per cent.<\/p>\n

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Statistics Canada also says that with May\u2019s reported job vacancies totalling 478,200, it is the lowest level recorded since October 2017.<\/p>\n

\u201cOrganizations are not hiring at the levels that they were to begin the year, and we\u2019re not seeing right now just simple turnover or churn,\u201d says Jungwirth.<\/p>\n

\u201cSo when an individual stays (at a job) where they\u2019re at, versus if they were looking to leave and make a move, when they leave, that opens up a vacancy and creates jobs in the marketplace. If they don\u2019t leave their current role, the vacancy is not created. So, it\u2019s kind of a double whammy.\u201d<\/p>\n

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