Quebec and British Columbia Mark Highest Increase in Canada Job Vacancies in 2017 3rd Quarter

As per the latest reports issued by Statistics Canada, Canadian job employers reported an increased number of Canada job vacancies in the third quarter of 2017 – an increase of 15% over the last year third quarter with Quebec and British Columbia becoming the proud front-runners. Overall 468,000 job vacancies were reported in 2017 third quarter which accounts for a total increase of 62,000 compared to the 2016 third quarter.

Trades, transport & equipment operators, and sales & service were the occupation categories recording highest increase in jobs.

Out of the 10 occupational categories listed by Statistics Canada, 7 categories reported increase in Canada job vacancies in this quarter. If fact, the 3rd quarter of 2017 witnessed the highest number of job vacancies in almost a decade. Normally, the third quarter doesn’t shave that much job openings as it is the closing time of the year but this changed for good in the 3^rd quarter last year.  Statistics Canada disclosed that almost 80 percent of these job openings were permanent based type positions.

The Canadian job vacancies rate stood firm at 2.9 percent recording yet another high for this fourth consecutive quarter. Quebec and British Columbia recorded the highest increases in job vacancy rate and total number of job vacancies in the 2017 third quarter.

Quebec alone reported 87,000 Canadian job vacancies which marks an increase of 30.6 percent (21,000 jobs) compared to the last year’s third quarter. This prosperous period saw Quebec employment to grow by 2.2 percent while the previous unemployment rate of seven reduced to six in this quarter.

British Columbia saw an increased number of job vacancies – a hike of 20.2% compared to last year’s third quarter though job vacancy rate remained constant at 4.2 percent. Transportation and warehousing were the two sectors contributing the highest number of jobs in this quarter.

Alberta reported job vacancy increase of 21.3 percent while Ontario, the most populous province of Canada reported 11,000 as the job vacancy increase in 3^rd quarter of 2017. Manitoba, Nova Scotia and Saskatchewan were the other provinces following Alberta in regard to job vacancy rise.

Prince Edward Island and New Brunswick provinces saw almost equal job vacancies under the 5000 range in the third quarter of 2017. Nunavut and Northwest territories had the least job vacancies in contrast to all other Canadian provinces.

Newfoundland and Labrador however recorded just 500 Canadian job vacancies, making the province the only one to experience a decline in job openings year-after-year. The authorities in this province are working out a plan to make the situation much controllable in the coming time.

To sum up, following are the top 4 provinces with job vacancies increase in the third quarter of 2017 –

The national unemployment rate became the lowest at 5.9% since February 2008. As per data released by Statistics Canada, the unemployment rate reached a 10 year low in November last year. Industry experts account skilled labor shortage as the prime reason for this lowered unemployment rate. Employers being unable to find suitable candidates for Canada job vacancies remained a major challenge during this time.

The Canadian Federation of Independent Business reported Canada’s private sector job vacancy rate to be 2.8 percent in this 3^rd quarter. According to a survey done on business owners across Canada, this situation arose due to constantly growing Canadian economy but shortage of skilled labor to keep that growth going on & on.

Small private firms in Canada were affected the most due to this as qualified labor shortage created obstacles for businesses spread across the country.  Maximum firms agree that labor shortage does impact a businesses’ ability to operate profitably, expand and innovate. The affected firms have thus started seeking Government favor to take the necessary action that allows firms to tackle labor shortage issues much effectively.

To counter this challenge, wage optimization proved to be a feasible solution for many employers. So, the period also witnessed a considerable rise in the wages offered for available job vacancies – a good sign for job-seekers. The job market in most Canadian provinces thus stayed more than mere positive in the third quarter of 2017. Hopefully, job-seekers will have a lot of options to choose from with these open Canada job vacancies.

Most importantly they would get “permanent job” offers with salary brackets much higher than normal. So, grabbing a good job would essentially mean that the applicant’s future would be secured for a long period of time, provided the candidate does not resign from the job voluntarily. It is thus indeed great news for the unemployed youth in Canada to get the job meeting their skills, qualification and other requirements and secure their future in the long run.