Canadian businesses reported 468,000 job vacancies in the third quarter, up 62,000 (+15.1%) from the third quarter of 2016. The overall job vacancy rate increased 0.3 percentage points to 2.9% in the quarter.
The job vacancy rate represents the number of job vacancies expressed as a percentage of labour demand; that is, the sum of all occupied and vacant jobs.
Vacancies for permanent positions accounted for 80.2% of all job vacancies in the third quarter, up from 78.5% the same quarter a year earlier.
This was the fourth consecutive quarter with year-over-year increases in both the number of job vacancies and the job vacancy rate. As in the second quarter of 2017, year-over-year increases in job vacancies were broadly based across the provinces, industrial sectors and occupations.
Year-over-year change in the number of job vacancies
Compared with the second quarter of 2017, the number of job vacancies (unadjusted for seasonality) in Canada increased by 1.6%, while the job vacancy rate was unchanged, as payroll employment also rose. By comparison, the number of job vacancies declined between the same quarters in 2015 while it had gone up between the same quarters in 2016.