Canada Business Association Asks Government to Overcome Labor Shortages -16th August, 2019

job vacancy in Canada
The job vacancy rate in Canadian private-sector is maintaining a record-high level, and a non-profit business firm is requesting for all political parties in the forthcoming Canadian federal election to take steps to overcome the labor shortage.

The median rate of job vacancy in Canada has been at 3.2% for four continuous quarters, as per the media release from the Canadian Federation of Independent Business (C.F.I.B). That indicates 429,000 private-sector jobs left unfilled for a minimum of 3 months in the second quarter of 2019, and it is 23,000 higher than the Q2 of 2018.

Vacancy rates are impacted by future outlooks, growth plans, firm-specific job qualifications, and business size. Industry sectors and Geography also played a role in discovering vacancy rates.

Job Vacancies in Canadian Provinces

Job vacancy rates in the private sector were highest in Quebec and British Columbia, tied at 3.9%.

For Quebec, this signifies 116,000 unfilled positions and 74,700 for B.C. The vacancy rate in B.C has gone up insignificantly since last year, while Quebec recorded a minor drop from the initial quarter of 2019.

New Brunswick and Ontario came in about the national median; Ontario was on at 3.2%, while New Brunswick’s growth to 3.1% was still insignificantly below.

Rates of job vacancy are trending up in parts of the nation such as Manitoba, where the rate of  vacancy was 2.6% in this quarter. This number signifies 11,500 unfilled positions.

Prince Edward Island is presently at 2.2% after rising 0.2% from the prior quarter, which is higher than any other Canadian province. Newfoundland and Labrador, the rate of job vacancy went up to 2.0%. There was no difference in Nova Scotia, and the job vacancy rate is 2.3%.

Saskatchewan province and Alberta province’s rates have decreased. In Saskatchewan, the job vacancy rate in the private sector insignificantly reduced to 2.1%, signifying 7,400 unfilled jobs. Alberta province also noticed a slight reduction to 1.9%, which is the least in the nation.

Province

Vacancy rate

Change

Unfilled jobs

Quebec

3.9%

 

116,000

British Columbia

3.9%

+0.1%

74,700

Ontario

3.2%

-0.1%

169,900

New Brunswick

3.1%

+0.1%

7,400

Manitoba

2.6%

+0.1%

11,500

Nova Scotia

2.3%

 

7,100

Prince Edward Island

2.2%

+0.2%

1,000

Saskatchewan

2.1%

-0.1%

7,400

Newfoundland & Labrador

2.0%

+0.1%

3,000

Alberta

1.9%

-0.1%

31,300

Changes by Industry

The industry of personal services maintained the most significant rate of vacancy at 4.9%. Construction industry accompanied at 4.8%. The hospitality industry has a rate of vacancy at 3.7%. Then enterprise management, agriculture, professional and health care services tied at 3.4%. The IT sector had the lowest rate of vacancy at 2.1%.

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