CFIB: Canada’s job vacancies rate sets new record

Sask job vacancy rate increased slightly with 8,000 unfilled jobs

Canada’s private sector job vacancy rate advanced again in the first quarter of the year, reaching 3.3 per cent, up 0.1 percentage point from the previous quarter, according to the Canadian Federation of Independent Business (CFIB)’s latest Help Wanted report. In total, 435,000 jobs sat vacant for at least four months during the first quarter of 2019.

In Saskatchewan, the private sector job vacancy rate increased slightly to 2.3 per cent, representing 8,000 unfilled jobs.

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“The national vacancy rate has been steadily climbing for the past two years and it reached another record high last quarter,” said Ted Mallett, CFIB’s vice-president and chief economist. “The rate of growth is slowing compared to this time last year, but employers in Quebec, BC and Ontario are having a harder and harder time finding workers, especially in the smallest businesses.”

In most provinces, labour shortages were a bigger concern for skilled positions rather than semi-or unskilled ones. Vacancy rates exerted a strong pressure on wage levels—employers with at least one vacant position expected that they would increase average organization-wide wage levels by 2.2 per cent, compared to 1.3 per cent for those with no vacant posts.

Job vacancies by province

Quebec maintained the highest job vacancies rate in the country at 4.1 per cent, a 0.1 per cent increase over last quarter. British Columbia (3.6 per cent) and Ontario (3.3 per cent) followed, each advancing by 0.1 per cent. Vacancy rates in Saskatchewan (2.3 per cent), Newfoundland and Labrador (1.9 per cent) and Prince Edward Island (1.8 per cent) advanced but remained below the national average. Rates in New Brunswick (2.8 per cent) and Manitoba (2.4 per cent) remained unchanged, while those in Nova Scotia (2.3 per cent) and Alberta (2.1 per cent) fell by 0.1 per cent.

Job vacancies by industry

Vacancy rates in construction (4.9 per cent) and personal services (4.7 per cent) outpaced all other industries and the national average. Businesses in agriculture (3.8 per cent), hospitality (3.7 per cent), professional services (3.6 per cent) and transportation (3.6 per cent) also faced tight labour markets. Overall, vacancy rates advanced in all sectors, except for manufacturing (3 per cent), oil and gas (2.3 per cent), finance (2.1 per cent) and information (1.9 per cent), which saw no change.

 

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