Infographic 1
Labour market tightness eases as job vacancies continue to fall

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Infographic description

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

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 horizontal axis shows each quarter, from the first quarter of 2017 to the third quarter of 2023.

The black line represents the number of job vacancies (in thousands) in the last 27 quarters, with 420,400 in the first quarter of 2017, 431,900 in the second quarter of 2017, 445,500 in the third quarter of 2017, 479,600 in the fourth quarter of 2017, 495,600 in the first quarter of 2018, 517,600 in the second quarter of 2018, 527,000 in the third quarter of 2018, 558,600 in the fourth quarter of 2018, 543,500 in the first quarter of 2019, 550,800 in the second quarter of 2019, 536,700 in the third quarter of 2019, 519,700 in the fourth quarter of 2019, 553,700 in the first quarter of 2020, 570,900 in the fourth quarter of 2020, 601,800 in the first quarter of 2021, 697,800 in the second quarter of 2021, 882,600 in the third quarter of 2021, 932,700 in the fourth quarter of 2021, 953,500 in the first quarter of 2022, 987,600 in the second quarter of 2022, 952,200 in the third quarter of 2022, 872,100 in the fourth quarter of 2022, 830,900 in the first quarter of 2023, 773,000 in the second quarter of 2023, and 703,300 in the third quarter of 2023.

The blue line represents the unemployment-to-job vacancy ratio in the last 27 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, the first quarter of 2023 at 1.3, the second quarter of 2023 at 1.4, and the third quarter of 2023 at 1.7.

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. The total number of vacancies is equal to the sum of job vacancies in the provinces (excluding the territories) for consistency with the geographic coverage of the Labour Force Survey.

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

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