296,000 job vacancies across Canada in Q4
Labour shortages worse for smaller businesses – Canada Job Grant could help
Toronto, March 12, 2014 – According to the latest Help Wanted report from the Canadian Federation of Independent Business’ (CFIB), approximately 296,000 full and part-time job vacancies were reported in the fourth quarter of 2013. The overall vacancy rate remained virtually unchanged from the previous quarter, at 2.5 per cent.
These results are based on regular surveys of CFIB members on economic and business conditions, including shortages of qualified labour. Job vacancies in the quarterly report are defined as openings that remain unfilled for at least four months because business owners have been unable to find suitable employees.
“It’s not as simple as matching any unemployed Canadian with any job opening. Often, the people and the jobs are at opposite ends of the country,” said Ted Mallett, CFIB’s chief economist and vice-president. “And for highly specialized jobs, it becomes that much harder to find the people with the right skills and experience.”
The smallest businesses (between one and four employees) continue to bear the brunt of labour shortages, with a vacancy rate of 4.6 per cent.
Broken down by region, the vacancy rate was highest in Saskatchewan and Alberta (3.7 per cent). Newfoundland and Labrador (2.8), Manitoba (2.7) and British Columbia (2.6) were also above the national average. Prince Edward Island and Nova Scotia continued to have the lowest vacancy rates in Canada (1.9), followed by New Brunswick and Ontario (2.1). Quebec’s job vacancy rate remained stable, right at the national average of 2.5 per cent.
By industry, retail, hospitality and construction remain the sectors with the most job openings in Canada, each with more than 35,000 potential job openings nation-wide. Most sectors have not seen major changes over the last several quarters, with a slight increase in vacancies in the transportation sector offset by a slight downturn in oil and gas.
“Although unemployment continues to be a problem in many regions, lingering labour shortages in certain parts of the economy are no less real,” added Mallett.
CFIB president Dan Kelly is in Germany with Minister of Employment and Social Development Jason Kenney, where they are studying that country’s delivery of job training. Says Kelly of the seeming contradiction: “The labour market doesn’t always excel at bringing workers and jobs together. Sometimes it needs a little help, and we look forward to seeing how training programs like the new Canada Job Grant will address this mismatch going forward.”
"I was really impressed how careers in the trades are celebrated in Germany,” added Kelly. “Canada has a long way to go in removing societal and education system biases against trades training."
Read the full report.
For more information, please contact Gisele Lumsden at 416-222-8022 or email@example.com.
CFIB is Canada’s largest association of small and medium-sized businesses with 109,000 members across every sector and region of the country.