Newspaper article The Canadian Press

With Unemployment Rate Rising, Job Vacancies Fall in Canada: Surveys

Newspaper article The Canadian Press

With Unemployment Rate Rising, Job Vacancies Fall in Canada: Surveys

Article excerpt

Job vacancies in Canada fall slightly

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OTTAWA - The Canadian Federation of Independent Business says the number of job vacancies dropped slightly during the second quarter, an indication of a weaker labour market.

The group representing small and medium-sized businesses says there were 289,800 unfilled jobs in the private sector during the April-July period, a drop of about 5,000 from the previous quarter.

The estimate is higher than the 225,000 job vacancies reported by Statistics Canada in May, although the two surveys were in agreement that vacancies are dropping.

CFIB chief economist Ted Mallet says the problem appears more acute for small businesses, which have a vacancy rate more than twice that of larger firms.

The CFIB notes that, historically, vacancies fall as the unemployment rate rises.

At 2.4 per cent of the market, the job vacancy rate in the CFIB survey remains higher than levels seen just following the recession, but lower than the 2.8 per cent pre-recession peak in late 2007 and early 2008, when the unemployment rate stood near six per cent.

July saw the jobless rate rise one-tenth of a point to 7.2 per cent as the economy shed 39,000 workers.

The small business lobby group released the survey results in advance of a "Twitter chat" Thursday afternoon with Employment and Social Development Minister Jason Kenney.

During the online event, participants called for better labour market information, improved vocational training to address skilled trades labour shortages and solutions to high youth and Aboriginal unemployment. …

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