It is no surprise that Canada is going through a labor crisis at the moment. The country has made its immigration reforms more flexible in order to attract highly talented workers who can fill the vacuum. However, it seems like there is work yet to be done because the Canadian job market is still suffering from too many job vacancies.
The first three months of 2019 saw a drop in Canada’s private-sector job vacancy rate. Moreover, the Canadian Federation of Independent Business also updated that this was the highest number of unfilled jobs to have ever been in Quebec. The record-breaking job vacancies are a cause of concern, and Canada will try to remedy the issue as soon as possible. According to the federation, a total of 435,000 jobs were left vacant for a minimum period of four months all over Canada in the first quarter of 2019. The job vacancy rate stood at 3.3% which is a sign that the country needs more foreign labor.
Ted Mallet, who is the vice-president and chief economist in the Canadian Federation of Independent Business (CFIB), has reported that the national vacancy rate has undergone steady growth over the last two years and the record of the last quarter indicates that the country does not have a lot of time. The CFIB found that labor shortages had a more negative impact on skilled positions as opposed to semi- or unskilled occupations.
Canada’s construction industry had a vacancy rate of 4.9% during the first quarter of the year, while personal services stood at 4.7%. On the other hand, businesses in agriculture faced a job vacancy rate of 3.8% and the hospitality sector had a vacancy rate of 3.7%.
The labor shortage in Quebec was at its peak with a job vacancy rate of 4.1%. British Columbia was a close second.