After basically holding steady for the past two years, Canada’s private sector vacancy rate is beginning to creep upward. On a seasonally adjusted basis, 2.7 per cent of jobs lay vacant in these businesses—a tenth of a point higher than in the second quarter. Modest increases were seen in most business size categories. In total, an estimated 322,200 full-, part-time and temporary positions are available across the country.
In the past three years, the vacancy rate had been climbing—from a low of 1.7 per cent in late 2009 and early 2010, rising to 2.6 per cent by 2012. Prior to the recession, the rate of private sector job vacancies topped out at 3.0 per cent through late 2007 and early 2008. Overall, the profile of job vacancies continues to show a clear inverse relationship with the unemployment rate.