If there is a shortage in the labour market, why are people losing their jobs?

speculating that Canadian homes prices could plummet up to 25 per cent in 2023.

At the same time, there are sectors and companies that are doing well and are looking for workers, Antunes added.The news of thousands losing their tech jobs isn’t reflective of the entire industry. Michael Contento, managing partner and business innovation executive at the IT service management company F12.net, says extrapolating trends from events such as tech layoffs leads to inaccurate conclusions.Article content“We’re hiring,” adds Contento. “We’re in a growth mode.”also confirms there are “many companies hiring for tech positions over the past six months.”

Positions such as cloud engineer and python developer are currently most common with big banks and financial service companies, according to Indeed.reports that these areas have record high job vacancies in Q2 of 2022. Vacancies in accommodation and food services sector are also on the rise, with 12.7 per cent increase quarter-over-quarter.This advertisement has not loaded yet, but your article continues below.

“We’re still going through the post pandemic’s ‘great resignation’ and we’re still having, not an extremely difficult time to find talent, but it’s not as easy as it used to be,” Contento said.

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