Canada continues to be a paradise of sorts for a large number of job hunters what with countless vacancies being reportedly available at present across a variety of industries and provinces in the country.
A new job vacancy report, titled Help Wanted report, carried-out by the Canadian Federation of Independent Business (CFIB) on the subject, says the same fact.
It says that for the fourth successive quarter, private-sector job vacancies kept on being at a historic-high of 3.2% across the nation, adding that through the second quarter of this year, 429,000 job openings in the nation continued to be unfilled for four months or more.
While with 3.9% each Quebec and British Columbia (BC) boasted of the highest job opportunity rates of any province, at 3.2%, Ontario trailed them.
In general, while 5 provinces witnessed a jump in vacancies, three registered a drop of 0.1% each, even as no visible effects on the vacancy rates in Quebec and Nova Scotia were detected.
Meanwhile, and sharing his views on the development, a concerned person, reportedly, stated that while a stabilization of the vacancies was detected, it’s still incredibly high, adding 3.2% is the highest registered since 2004.
He added that while the higher than average rate of vacancy in BC has been building gradually, Quebec’s increased more speedily, shocking numerous recruiters in the process.
He continued that one saw vacancy rates of Quebec head north exceptionally abruptly post 2016, whereas the increase seen in the case of BC was on the predictable lines for the past many years.
Allegedly, while a high rate of job vacancy is a positive development for the job hunters and workers, and reveals a strong economy on the whole, it could lead to major difficulties for the recruiters.
Allegedly, they may have to turn business away if they fail to either create as much, or don’t have sufficient workers to engage their customers. They may also face issues expanding the foot prints of their business or continuing the level of business they have.
Allegedly, the challenge is even more severe for the small-business owners. The reason: each individual job opening represents a larger share of the general work force.
Businesses with the highest rates of vacancy in the Maple Leaf Country are frequently those with the highest share of small players.
Reportedly, at 4.9%, the personal services industry had the highest rate of vacant positions; succeeded by construction, where 4.8% of job openings haven’t been filled till date.
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