Job vacancies in Canada in January 2015 – 5.5 Unemployed people for every job vacancy, down from 6.8 the same month one year earlier

Canadian businesses reported 225,000 job vacancies in January, up 33,000 compared with January 2014. For every job vacancy, there were 5.5 unemployed people, down from 6.8 the same month one year earlier. This decline in the ratio was the result of both fewer unemployed people and more job vacancies. 

The national job vacancy rate was 1.5% in January, up from 1.3% recorded 12 months earlier.

For 2014 as a whole, there was an average of 230,000 job vacancies per month among Canadian businesses, little changed compared with 2013.

For every job vacancy, there were 5.8 unemployed people in 2014, down from 6.2 in 2013. The decline in the unemployment-to-job vacancies ratio was the result of fewer unemployed people, as the number of job vacancies was little changed. In 2012, the ratio was 5.5 unemployed people for every job vacancy.

Chosen excerpts by Job Market Monitor. Read the whole story at The Daily — Job vacancies in brief, three-month average ending in January 2015.