Canadian Job Postings Through November 5: The Boom Continues
October was another strong month for Canadian job posting growth.
- Total Canadian job postings on Indeed were up 55% on November 5, compared to early February 2020, up from a 52% increase two weeks prior.
- Postings in a range of sectors like software development, loading and stocking, and nursing continue to rise far above their pre-pandemic levels. Meanwhile, hiring appetite in food services is still elevated, but has cooled since the start of September.
- Mentions of vaccine requirements are becoming more common, and on November 5 were found in 4.9% of all English-language Canadian job postings on Indeed.
As of November 5, total Canadian job postings on Indeed were up 55% from their February 1, 2020 levels, after adjusting for seasonal trends. Postings maintained a solid pace of growth in October, after entering the month up 48% from their pre-pandemic level.
Helping to keep the overall level of Canadian job postings elevated has been the continued solid rate that new job postings are being added to Indeed (see methodology). Since the start of October, the number of job postings seven days old or less on Indeed has been on average 47% above where it stood on February 1, 2020, after adjusting for seasonal trends. This strong pace suggests job opportunities will remain plentiful entering the fourth quarter of the year, hopefully providing an auspicious environment for job seekers looking for new opportunities.
Job postings strong across a wide range of sectors
While the scope of the overall rebound has been impressive, job postings in some sectors far exceed economy-wide growth. Postings in software development are now double their pre-pandemic level, while demand in areas like loading and stocking, nursing, as well as cleaning and sanitation, isn’t far behind.
Meanwhile, job postings are above their February 2020 levels similarly to the economy-wide trend across a range of sectors. In some cases, recent momentum also resembles the headline numbers, such as in driving, accounting and personal care and home health. However, other areas have been a bit softer of late, especially in food preparation and service, where postings remain elevated, but have eased recently, after soaring during the earlier stages of the vaccine-led reopening. Lastly, job postings have recovered, but aren’t as elevated compared to February 2020 levels in a range of pandemic-exposed sectors like hospitality and tourism, sports, and beauty and wellness.
Vaccine requirements continue to rise
Mentions of vaccine requirements in job descriptions of postings continued to rise in October, maintaining a trend that began in mid-August. As of November 5, 4.9% of Canadian English-language job postings included some mention of vaccine-related requirements in the job description. That share was up nearly tenfold from where it stood two months prior.
Vaccine requirements are mentioned at particularly high rates in job postings in various areas of healthcare, education, and social assistance, like childcare, personal care and home health, and nursing. That said, not all high-contact jobs are especially likely to include vaccine requirements in their descriptions, with mentions rarer in dental-related postings, as well as in beauty and wellness. Also lower on the list are job postings in retail, software development, and sales, though vaccine mentions in these areas have also grown substantially in recent months.
The public health situation and its economic spillovers continue to change on a daily basis. We’ll be regularly updating this data as conditions evolve.
Jobs postings mentioning vaccine requirements include English language postings that feature one of an extensive list of terms such as “vaccine required”, “requires vaccination,” “must have COVID vaccine,” in their job description. To compare requirements across different areas of the economy, we focused on sectors with more than 5,000 active English language job postings on September 24, 2021.
All non-vaccine related figures in this blog post are the percentage change in seasonally-adjusted job postings since February 1, 2020, using a seven-day trailing average. February 1, 2020, is our pre-pandemic baseline. We seasonally adjust each series based on historical patterns in 2017, 2018, and 2019. Each series, including the national trend, occupational sectors, and sub-national geographies, is seasonally adjusted separately. This week we applied our quarterly revision, which updates seasonal factors and fixes data anomalies. Historical numbers have been revised and may differ from originally reported values.
The number of job postings on Indeed.com, whether related to paid or unpaid job solicitations, is not indicative of potential revenue or earnings of Indeed, which comprises a significant percentage of the HR Technology segment of its parent company, Recruit Holdings Co., Ltd. Job posting numbers are provided for information purposes only and should not be viewed as an indicator of performance of Indeed or Recruit. Please refer to the Recruit Holdings investor relations website and regulatory filings in Japan for more detailed information on revenue generation by Recruit’s HR Technology segment.
Brendon Bernard is a Senior Economist at the Indeed Hiring Lab, focusing on the Canadian labour market. His research interests include analyzing how detailed trends in the job market fit in with broader developments in the Canadian economy. Brendon was previously an economist with Department of Finance Canada, where he focused on analyzing Canadian financial sector policy and the U.S. economy. He holds a Master’s in Economics from the Vancouver School of Economics at University of British Columbia, as well as a Bachelor of Arts (Honours) from Queen’s University.