February 1, 2019

Private sector job vacancy rate rises

The Canadian Federation of Independent Business (CFIB) reports the private sector vacancy rate climbed to 3.3 per cent in the third quarter of 2018. “Estimates show 3.3 per cent of jobs had been sitting vacant for at least four months because employers were unable to find suitable candidates,” the CFIB stated. “This compares to 3.2 per cent in quarter two of this year and 2.9 per cent in quarter three 2017.”

The 3.3 per cent rate represents approximately 430,000 private sector openings across the country.