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Money Canada’s Labour Shortage Intensifies, With Nearly 400,000 Vacant Jobs

16:02  14 march  2018
16:02  14 march  2018 Source:   huffingtonpost.ca

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The growing labour shortage comes at a time when Canada ' s job market is putting in an historically strong performance. The 5.8 per cent unemployment rate recorded in February ties for the lowest nationwide rate seen in Canada at least since 1976, a sign that the country's economy has been firing

In Canada , for instance, we have a major labour shortage , with some 400 , 000 unfilled jobs . Earlier on HuffPost Canada : Canada ' s 2 Million Similar from the Web. Canada ’ s Labour Shortage Intensifies , With Nearly 400 , 000 Vacant - www.huffingtonpost.ca. Nearly one in 25 jobs in British

Nearly one in 25 jobs in British Columbia is sitting unfilled, a striking sign of the growing labour shortage facing Canada as the economy heats up.

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1.Skilled labor shortage . At present, there are more than 1.1 million unemployed people in Canada . It is structural in nature and some people are between jobs but it also reflects The present shortage of labor is worrying for the small business sector. It affects the ability to offer best products and services.

It’ s ironic that labour shortage has hit Canada at a time when the country has recorded its lowest unemployment rate since 1976. British Colombia has been hit hardest by the labour shortage in Canada , with approximately one in its 25 jobs seats being vacant , that is 60,100 unfilled jobs in total.

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New data from the Canadian Federation of Independent Business (CFIB) shows that the country doesn't have enough workers for all the jobs available.

According to CFIB's latest Help Wanted Survey, there were 399,000 vacant jobs in Canada in the fourth quarter of 2017, an increase of 38,000 vacancies, or 10.5 per cent, in just three months.

Leading the pack is British Columbia, where 3.9 per cent of all jobs sat vacant in the latest report, up from 3.6 per cent three months earlier. Quebec's vacancy rate has also jumped to 3.4 per cent from 3.1 per cent.

The growing labour shortage comes at a time when Canada's job market is putting in an historically strong performance.

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With Canada ' s economy still stuck in what is best described as neutral, you A 2014 report by Miner Management Consultants estimates a labour force shortage of close to 2 million It is also important to note that many positions continue to sit vacant today in semi- or lower-skilled occupational job

The 5.8 per cent unemployment rate recorded in February ties for the lowest nationwide rate seen in Canada at least since 1976, a sign that the country's economy has been firing on all cylinders lately.

Skills mismatch

Nonetheless, there are still more than 1.1 million people on the unemployment rolls in Canada. Some of that is structural some percentage of people will always be between jobs but some of it points to a continuing mismatch between Canada's available labour force and the jobs being created in the country today.

Ted Mallett, vice president and chief economist at CFIB, says more retraining of workers in industries that are "in transition" would help mitigate the problem, by shifting workers from declining industries to growing ones.

The current labour shortage is a "particularly troublesome" problem for small businesses, he said.

"When a business of five people is missing one person, that's 20 per cent of its workforce," Mallett told HuffPost Canada on Tuesday. "That puts a significant crimp in their ability to offer products and services."

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READ MORE: Canada ’ s 10 most in-demand jobs for 2018 and their salaries: Randstad. 470, 000 unfilled jobs . That dynamic may already be at play in Atlantic Canada , he said, where some regions may be experiencing a tight labour market despite lacklustre growth because of their aging populations.

Canada faces Labor Shortage 400 , 000 Jobs Vacant . 4% jobs in British Columbia have remained unfilled, and there are signs of an increased labor shortage in Canada . Data shown by the Canadian Federation of Independent Business reveals that there are not enough workers for all jobs in the

But what's problematic for businesses could be good for employees in this case, as the shortage of workers is likely to mean higher wages ahead.

Mallett says those businesses that are experiencing labour shortages are planning to raise employee pay by a larger margin than others. Currently, businesses with shortages are planning average wage hikes of 2.8 per cent in the coming year, versus 2.3 per cent for businesses not seeing labour shortages.

Highest vacancies in personal services, construction

The CFIB report broke down job vacancies by broad occupational categories, and found that personal service workers and construction workers are in highest demand, with vacancy rates of 4.5 per cent and 3.7 per cent, respectively.

Canadians unwilling to move for work

Mallett says greater labour mobility would help address the labour shortage issue.

"If there are some regions doing better than others, it would be beneficial if we were able to pull resources from those areas that aren't doing as well," he said.

But it seems Canadians themselves aren't as interested as they used to be in being a mobile labour force. Interprovincial migration has fallen by half since the 1970s, according to data from Statistics Canada.

Canadians are putting a greater priority on their families and social circles these days, making them less willing to move for work.

Mallett suggests policymakers could help to mitigate this problem by making it easier to move. For instance, aligning certification and standards across provinces would make it easier for licensed professionals to get accreditation in other provinces, he said.

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