Story perspectives
Job Vacancies Plummet 15.2% Amid Rising Unemployment
10/31/2025
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Story summary
- Statistics Canada reported job vacancies fell to 457,400 in August 2025, the lowest since 2017, a 15.2% drop.
- The unemployment rate rose to 7.1% in August 2025, with 3.5 unemployed per vacancy—the highest since November 2016.
- The Bank of Canada said tariffs and a trade war have reduced optimism, leading to hiring freezes.
- Payroll employment grew by 3,300 positions in August 2025, while transportation and warehousing saw vacancy declines.
