Landing a job in the London region is becoming increasingly difficult, with the number of available positions dropping as companies appear to be reining in hiring, new figures from Statistics Canada suggest.
The number of job vacancies in the London area sat at 9,735 in the second quarter of the year, nearly 1,300 fewer than a year ago, the federal agency reported.
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London’s drop mirrors the one seen across the country, which has seen job vacancies steadily decline after peaking during the COVID-19 pandemic.
But the fact vacancies are dropping at a time when the unemployment rate is edging up – London’s was 6.1 per cent in August – means the decline is the result of a slowdown in hiring from businesses and a tightening of the labour market, said Jonathan Bridekirk, an