The Canadian economy continues to struggle with the shortage of skilled labour in its private sector, According to a new report by the Canadian Federation of Independent Business, the job vacancies of the private sector have rose to a high record in the third quarter of 2017. The sector has over 2.8% vacant positions, leading to a situation similar to a past record in 2008. Growing economy and a shortage of skilled labour force to bring in such a situation, confirmed a study conducted based on 2,033 query responses of business owners and operators across Canada.
The CFIB, NGO with over 109,00 independent business members of Canada states “In raw terms, this represents a record-high 361,700 jobs left unfilled for at least four months because employers have not found suitable candidates.” In the similar context, the Chief Economist at CFIB, Ted Mallet said “Labor shortages are again becoming a major hindrance to businesses across the country, especially small firms. “We need government to take action, to find solutions for chronic shortages that inhibit a small business’ ability to take on new contracts expand and innovate.”
Vacancies by provinces (estimated figures)
The study shows that during the first quarter of 2017, British Columbia had a vacancy rate of 3.4 percent with over 60,100 jobs vacant. Likewise, the job vacancy in Quebec slightly rose to 3.1 percent, in Ontario it was 3 percent and in Saskatchewan, it went to 2.4 percent during the same quarter. Ontario was a struggle to fill nearly 149,600 vacant positions and Quebec wanted 85,000 candidates for their vacant positions in various organizations. Alberta province had a slightly lower number of vacant positions i.e. 33,900 marking vacancy rate at 2.2 percent.
While provinces like Manitoba and Newfoundland and Labrador experienced a good decline in their vacancy rates, there were three provinces which showed no change in their vacancy rate throughout the last two quarters of 2017. These provinces were namely- New Brunswick, Prince Edward Island and Nova Scotia.
The only Canadian provinces to see their job vacancy rates decline over the previous quarter were Manitoba and Newfoundland and Labrador.
Vacancies by sectors
Transportation, construction, enterprise services and personal services are some of the industries that faced a tremendous labour shortage in 2017, confirms CFIB. With this labour demand and shortage, these sectors have also seen a good jump in the wage amount for each role. “with employers with vacancies expecting to push average organization-wide wage levels a full-point higher than those without,” says the
With all these vacancies yet to be filled, the country is looking forward to an increased number of immigrants in the coming year. Over million professionals will get a chance to make Canada their permanent home by 2020, says the recently released Multi-year Immigration Plan 2018-2020.