The rate of job vacancies rose again in the year’s second quarter to 3.1 per cent, the highest vacancy rate ever observed by the Canadian Federation of Independent Business (CFIB)’s Help Wanted report since the series’ inception in 2004. An estimated 397,400 jobs have sat vacant for at least four months.
“Although the national vacancy rate continues to climb, most of the increase is being driven by Quebec. Rates in BC and Ontario remain high, but have eased off a little from the previous quarter,” said Ted Mallett, CFIB’s chief economist. “The difficulty businesses in those provinces face in meeting their staffing needs is really the headwind of a strong and growing economy.”
Results by province
Quebec’s already high vacancy rate experienced the greatest increase this month to 3.9 per cent, close to the 4 per cent Alberta saw during the height of the oil and gas boom. British Columbia and Ontario experienced vacancy drops, but maintained their high rates at 3.4 and 3 per cent respectively. Prince Edward Island, Newfoundland & Labrador and Saskatchewan’s labour markets continued to trail the rest of the country, with drops in all three provinces.
Chosen excerpts by Job Market Monitor. Read the whole story at Canada’s job vacancies rate reaches new heights | CFIB