National job vacancy rate drops in Q2

Approximately 325,200 job openings remain unfilled across the country, according to the latest report by the Canadian Federation of Independent Business (CFIB).

Nationwide openings in full-time, part-time and temporary positions sit at 2.6 per cent, down a 10th of a percentage point from the previous quarter.

“Vacancy rates have held fairly steady since the end of 2014,” said Ted Mallet, CFIB. “Weaker labour markets in Saskatchewan and Alberta have seen their vacancy rates drop back down in line with national averages, but otherwise there has been very little change across the country.”

Despite a second-quarter decline, Saskatchewan businesses continue to have the most difficulty filling positions, with the highest vacancy rate in the country at 3.1 per cent, representing 11,100 jobs. Nova Scotia has the lowest rate in the country at 2.2 per cent, representing 6,600 jobs.

Ontario, which sits in the middle of the provincial pack with a vacancy rate of 2.5 per cent, has nearly 40 per cent of the country’s vacancies at 121,700.

Vacancy rates are higher in smaller businesses, sitting between 4.5 per cent among businesses with 1-4 employees, and 4.2 per cent for those with 5-19. Small business rates are nearly double large businesses, with firms with more than 500 employees at a vacancy rate of 2.2 per cent.

The highest vacancy rate among industries is in personal services (4.4 percent), followed by construction (3.8 per cent) and hospitality (3.4 per cent). Rates declined in the resources, wholesale and information sectors in the second quarter.