Canada is experiencing a record breaking number of available jobs in the private sector. In their recently released Help Wanted Report, the Canadian Federation of Independent Business (CFIB) said that there were more than 433,000 positions available in the third quarter, up by more than 15,000 during the same time last year.
In a statement, the CFIB said that smaller Canadian companies are having the most difficult time recruiting suitable workers.
JOB POSITIONS AVAILABLE BY PROVINCE
The province of Québec has the most available jobs with a 4% vacancy rate. There were more than 119,800 jobs available in Québec in the third quarter.
British Columbia isn’t too far away from Québec, with a 3.8% vacancy rate. There were more than 71,400 jobs available in BC for that period.
Ontario, Canada’s most populous province, is holding steady, with a 3.2% vacancy rate. That province had the most number of job vacancies, with more than 168,000 job vacancies.
New Brunswick had 7,200 jobs available, while Manitoba had 11,400 positions left unfulfilled.
Nova Scotia had 7,500 positions still open, while Newfoundland and Labrador had 3,300 vacancies.
Saskatchewan’s available jobs increased by 0.1% to 7,900 while Alberta also increased by 0.1% to 35,300.
Prince Edward Island had a 1.9% vacancy rate, with 900 jobs available.
JOB POSITIONS AVAILABLE BY INDUSTRY: HELPED WANTED REPORT
According to the CFIB report, industries made up of smaller Canadian companies had more vacancies than their bigger counterparts.
Industries such as agriculture, manufacturing, hospitality and information technology continue to have high vacancy rates, while the manufacturing, wholesale and retail industries are experiencing falling vacancy rates.
Personal services such as hair dressers, dry cleaners and funeral services have the highest vacancy rates hovering at the 4.9 % mark for the third quarter of 2019.
Not too far behind is the construction industry with a 4.7% vacancy rate.
The opposite is true for the natural resources industry, which has one of Canada’s lowest vacancy rates at 1.8%.
HELP WANTED REPORT: JOB VACANCIES AFFECT ON WAGE INCREASE LEVELS
Job vacancies in Canadian companies affect wage levels, with some Canadian employers pushing for a company wide increase of 2.3%.
If a Canadian company does not have any job vacancies, Canadian employers tend to plan for lower wage increases.
Job vacancies are driven by factors such as growth outlook, the size of the company and company specified job descriptions.
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