361,700 jobs left unfilled in Canada
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The growing economy combined with a talent shortage has created a labour drought, equivalent to a shortage of 361,700 jobs.

The Canadian Federation of Independent Business (CFIB) has announced that this is the highest number of unfilled private sector jobs ever recorded in Canada – according to the Q3 2017 Help Wanted report.

“Labour shortages are again becoming a major hindrance to businesses across the country, especially small firms,” said Ted Mallett, Chief Economist at CFIB.

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“We need government to take action, to find solutions for chronic shortages that inhibit a small business’ ability to take on new contracts, expand and innovate.”

The corresponding vacancy rate has hiked up to 2.8% – the highest point since the 2008 recession.

Organizations in Canada’s most populous provinces are also having a hard time findings talent. British Columbia has the highest vacancy rate (3.4%) followed by Quebec (3.1%) and Ontario (three percent).

In terms of sector, retail (50,000 jobs), hospitality (45,900 jobs) and construction (38,000 jobs) industries are experiencing the biggest labour shortages.

Source: hrmonline.ca

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