The number of active job postings in the Insurance sector of Canada decreased by 1.65% MoM, and decreased by 3.32% since October 2023, reaching 2,560 active job postings in January 2024.
A total of 1,146 new jobs were posted in January 2024, witnessing an increase of 32.95% as compared to the previous month. On the other hand, 1,189 jobs were closed in the same month implying that companies took out 23.73% more jobs than the month earlier. For the period from October 2023 to January 2024, the number of new jobs posted increased by 8.63% and the number of jobs closed increased by 8.78%
In terms of Compound Monthly Growth Rate (CMGR) between October 2023 and January 2024, the number of new jobs posted observed a growth rate of 2.8%, the number of active job postings observed a negative growth rate of 1.12% and the number of jobs closed observed a growth rate of 2.85%. Between October 2023 and January 2024, the average number of jobs posted stood at 1,082, number of jobs closed stood at 1,114 and number of active jobs stood at 2,628.
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