Toronto, April 7, 2016 – The national private sector job vacancy declined 0.1 per cent in the fourth quarter of 2015 according to the Canadian Federation of Independent Business’s (CFIB) latest Help Wanted report. The 2.5 per cent vacancy rate among full time, part time and temporary positions, accounts for roughly 316,000 positions across Canada.
“The most dramatic shifts continue to be in the prairies, where weakening labour markets are causing significant declines in vacancies. Manitoba and Saskatchewan both saw rates fall by 0.2 per cent as a result,” said Ted Mallett, CFIB chief economist. “The rest of the country, however, remains virtually unchanged from the third quarter.”
British Columbia continues to have the highest vacancy rate in the country at 3.0 per cent, representing 50,300 positions. Manitoba has the lowest at 2.0 per cent, representing 8,300 positions.
Among industries, vacancy rates have risen modestly in services sectors, and declined among goods producers. Rates in micro businesses are double those in larger enterprises, therefore sectors with high proportions of micro businesses tend to have higher vacancy rates overall.
The survey also found a continuing clear relationship between vacancies and wages. Businesses with vacancies plan average organization-wide wage increases of 1.9 per cent in the fourth quarter, while those fully staffed reported increases of 1.3 per cent.
CFIB is Canada’s largest association of small- and medium-sized businesses with 109,000 members across every sector and region.