According to the Canadian Federation of Independent Business latest Help Wanted Report, Canada is experiencing historic high job vacancies than it’s before quarter and year. As per the roughly figure provided, about 433,000 Canada’s private-sector jobs have gone unfilled in the previous quarter.
As per the rough estimation provided by the report, it is over 1,500 from this year’s second quarter and 15,000 more than last year.
Ted Mallett, Chief Economit of CFIB, stated that, “This is now the fifth consecutive quarter in which we’re seeing a record high vacancy rate.” “The smallest of firms, those with fewer than five employees, are having the hardest time recruiting workers, with a vacancy rate as high [as] 5.4 per cent.”
Quebec remained as the tightest labour market among the Canadian provinces once again with a 4 percent vacancy rate. British Columbia and Ontario maintained an above-average vacancy rate of 3.8 and 3.2 percentage respectively.
Find the below table illustrating the vacancy rate of the province rate and its unfilled employment.
Vacancies make a powerful influence on skilled workers. And, as per the CFIB, the crucial vacancy drivers in the future can be for growth intentions, firm-specific job characteristics, and business size.
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