A fault line is splintering Canada’s labour market into those who can’t find work and those who can’t find workers.
There’s no shortage of people looking for work. Some 1.4 million Canadians are unemployed, the jobless rate is still above pre-recession levels and youth unemployment is nearly 14 per cent. Despite this, employers across the country say they can’t find the right workers for all kinds of available jobs.
The imbalance has implications for both the health of the labour market and the broader economy. Groups with high jobless rates such as aboriginal people, recent immigrants and those with disabilities are struggling to land good jobs, limiting their ability to climb the economic ladder.
At the same time, employers from Newfoundland and Labrador to the Prairies say shortages are constraining their ability to grow, innovate and compete. The Canadian Chamber of Commerce cites a shortage of highly skilled labour as the top barrier for businesses, and the mismatch has recently landed on the radar of policy makers, including central bank Governor Mark Carney…
- Canada | West | Worker shortage looms again (jobmarketmonitor.com)
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- Alberta Coalition for Action on Labour Shortages | Calling on governments (jobmarketmonitor.com)
- Skills Gap | Will It Chill a Warming Job Market? (jobmarketmonitor.com)
- The Canadian Skills Shortage: Keeping Tradespeople Employed for the Foreseeable Future – MarketWatch (jobmarketmonitor.com)