In the first three months of 2019, the private sector in Canada reported a record rate of job vacancies. The highest number of job vacancies in Canada was reported in Quebec, according to a news update by the Canadian Federation of Independent Business (CFIB). According to the update, a total of 435,000 job vacancies were reported in the first four months of 2019 in the country, which has put Canada job vacancy rate at 3.3.percent.
CIC News quoted Ted Mallet, vice-president and chief economist of CFIB as saying that Canada job vacancy rate had been climbing steadily in the past two years and reached a record high last quarter. The update from CFIB further reveals that the labour shortages affected skilled positions more, compared to semi and unskilled occupations. The labour shortages are also putting pressure on the employers to increase the wage levels.
Though Canada job vacancy rate is coming down compared to the same period in 2018, labour shortages continue to be a challenge, especially in Quebec, British Columbia and Ontario. The province that witnessed the highest level of labour shortage is Quebec, with job vacancy rate reaching 4.1 percent in the first quarter of 2019. The second highest job vacancy rate was reported by British Columbia at 3.6 per cent. Ontario came third with 3.3 per cent.
Canada job vacancy rate: Province-wise data
|Newfoundland & Labrador
|Prince Edward Island
Industry-wise, construction sector recorded a vacancy rate of 4.9 percent in the first quarter of 2019. The personal services sector reported the second highest job vacancy rate at 4.7 percent. Agriculture business sector had a job vacancy rate of 3.8 per cent, followed by the hospitality sector at 3.7 per cent.
The number of job vacancies can also be interpreted as high rate of job creation in Canada that continues to defy expectations. A record 106500 news jobs were created in April followed by another 27700 in May. Unemployment in Canada was also at its lowest point in more than 40 years. This situation has also benefited the new immigrants in the age group of 25-54, as the employment rate among them rose to 71 per cent in 2018.
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