Canada: 2x Unemployed Bachelor's holders than vacancies requiring Bachelor's Degrees

[JPN]

Since 2016, the number of unemployed Canadians with a bachelor’s degree or higher education has always exceeded the number of vacant positions requiring such an education

During every quarter from 2016 to 2022, the number of unemployed individuals with a bachelor’s degree or higher education exceeded the number of vacant positions requiring such an education. For example, 113,000 vacant positions required a bachelor’s degree or higher education during the fourth quarter of 2022, about half the number of unemployed individuals who had such an education and were either born in Canada or were landed immigrants (227,000) (Table 1). The total number of vacant positions requiring such an education (113,000) was even lower than the number of unemployed immigrants (123,000) with a bachelor’s degree or higher education.

Likewise, from 2016 to 2022, the number of unemployed individuals with a partial or complete postsecondary education always exceeded the number of job vacancies requiring such an education.

In contrast, the number of vacant positions requiring a high school diploma or less education exceeded the number of unemployed Canadians with such an education only since the third quarter of 2021. For example, during the fourth quarter of 2022, 497,000 vacant positions required a high school diploma or less education while 296,000 unemployed Canadian-born individuals and 70,000 unemployed immigrants had such an education.

Source: https://www150.statcan.gc.ca/n1/pub/36-2...01-eng.htm

[bjcheung77]

Here's a quick glance for those interested: Unemployment Rate - Bachelor's Degree and Higher, 25 Yrs. & over (LNS14027662) | FRED | St. Louis Fed (stlouisfed.org)