Regina, June 5, 2018 – The rate of job vacancies maintained last quarter’s record high of 3 per cent, with about 407,000 private sector jobs remaining unfilled for at least four months, according to the Canadian Federation of Independent Business (CFIB)’s latest Help Wanted report. The observed job vacancy rate – the proportion of unfilled jobs relative to all available jobs in the private sector – is still markedly up from the 2.6 per cent rate observed in the first quarter of 2017.
In Saskatchewan, the private sector job vacancy rate decreased slightly to 2.1 per cent representing 7,200 unfilled jobs.
“We are still seeing a high number of job vacancies, though the strong rise observed through 2017 has leveled off,” said Ted Mallett, Vice President and Chief Economist at CFIB. “Small businesses are feeling the pressure of prolonged job vacancies, especially in British Columbia and Quebec, where the record high vacancy rates are still on the rise. Affected businesses are responding with wage increases, or adjustments to their product lines or capital spending in some cases.”
Results by province
British Columbia and Quebec’s already tight labour markets both experienced vacancy gains this quarter, bringing their rates to 3.8 and 3.7 respectively. Newfoundland & Labrador, Prince Edward Island and Saskatchewan’s weaker labour markets led to moderate decreases in vacancy rates.