Canada –  Ratio of unemployment to job vacancies drops

Canadian businesses had 264,000 job vacancies in July, an increase of 32,000 from July 2011. For every job vacancy, there were 5.3 unemployed people, down from 6.0 in July 2011.

The decline in this ratio of unemployment to job vacancies was mainly a result of the increase in job vacancies.

The national job vacancy rate was 1.8% in the three-month period ending in July, up from 1.6% a year earlier….

via The Daily — Job vacancies, three-month average ending in July 2012.