Infographic 2
Labour market tightness eases as job vacancies continue to decline

Infographic description

The title of the infographic is "Labour market tightness eases as job vacancies continue to decline"

This is a linear chart.

The vertical axis on the left shows the number of job vacancies in thousands, by increments of 100,000. It starts at 400,000 and ends at 1,000,000.

The vertical axis on the right shows the unemployment-to-job vacancy ratio, by increments of 0.5. It starts at 0.5 and ends at 3.5.

The black line represents the number of job vacancies (in thousands) in the last 23 quarters, with 421,700 in the first quarter of 2017, 433,500 in the second quarter of 2017, 447,100 in the third quarter of 2017, 481,200 in the fourth quarter of 2017, 497,600 in the first quarter of 2018, 519,300 in the second quarter of 2018, 529,000 in the third quarter of 2018, 560,700 in the fourth quarter of 2018, 545,600 in the first quarter of 2019, 552,900 in the second quarter of 2019, 539,000 in the third quarter of 2019, 521,800 in the fourth quarter of 2019, 555,600 in the first quarter of 2020, 572,800 in the fourth quarter of 2020, 604,200 in the first quarter of 2021, 700,500 in the second quarter of 2021, 885,700 in the third quarter of 2021, 936,100 in the fourth quarter of 2021, 956,600 in the first quarter of 2022, 984,600 in the second quarter of 2022, 952,100 in the third quarter of 2022, 876,700 in the fourth quarter of 2022, and 843,200 in the first quarter of 2023.

The blue line represents the unemployment-to-job vacancy ratio in the last 23 quarters, with the first quarter of 2017 at 3.1, the second quarter of 2017 at 3.0, the third quarter of 2017 at 2.8, the fourth quarter of 2017 at 2.5, the first quarter of 2018 at 2.3, the second quarter of 2018 at 2.3, the third quarter of 2018 at 2.2, the fourth quarter of 2018 at 2.0, the first quarter of 2019 at 2.1, the second quarter of 2019 at 2.1, the third quarter of 2019 at 2.2, the fourth quarter of 2019 at 2.2, the first quarter of 2020 at 2.4, the fourth quarter of 2020 at 3.2, the first quarter of 2021 at 2.9, the second quarter of 2021 at 2.4, the third quarter of 2021 at 1.7, the fourth quarter of 2021 at 1.4, the first quarter of 2022 at 1.2, the second quarter of 2022 at 1.1, the third quarter of 2022 at 1.1, the fourth quarter of 2022 at 1.2, and the first quarter of 2023 at 1.3.

Note(s): Job Vacancy and Wage Survey data collection was suspended for the second and third quarters of 2020. Therefore, data for these reference periods are not available. Data are adjusted for seasonality.

Source(s): Job Vacancy and Wage Survey (5217), table (14-10-0400-01), and Labour Force Survey (3701), table 14-10-0287-01.