There were 1,005,700 positions unfilled at the beginning of May, up slightly from April. Find out more about what that means for the economy.
reported July 28 that there were 1,005,700 positions unfilled at the beginning of May, up slightly from 1,001,100 in April, the previous record. The May number was 42 per cent higher than a year earlier.
Vacancies are an important sign of what the Bank of Canada calls “excess demand,” as the inability of companies to hire enough people to keep up with orders suggests the economy is unable to supply all the goods and services consumers and companies are seeking to buy. The mismatch is one of the factors drivingto its fastest in four decades, prompting Macklem to raise the benchmark interest rate by a full percentage point earlier this month.
Statistics Canada said the job vacancy rate remained at 5.8 per cent for a second consecutive month, compared to the unemployment rate in May of 5.1 per cent. This 1:1 unemployment-to-job-vacancy ratio is down from last year’s 2:4.Article content
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadian job vacancies climb to fresh record, signalling inflation pressureThere were 1,005,700 positions unfilled at the beginning of May, up slightly from April. Find out more about what that means for the economy.
Read more »
Canadian job vacancies climb to fresh record, signalling inflation pressureThere were 1,005,700 positions unfilled at the beginning of May, up slightly from April. Find out more about what that means for the economy.
Read more »
Canadian job vacancies climb to fresh record, signalling inflation pressureThere were 1,005,700 positions unfilled at the beginning of May, up slightly from April. Find out more about what that means for the economy.
Read more »
Canadian job vacancies climb to fresh record, signalling inflation pressureThere were 1,005,700 positions unfilled at the beginning of May, up slightly from April. Find out more about what that means for the economy.
Read more »
Canadian job vacancies climb to fresh record, signalling inflation pressureThere were 1,005,700 positions unfilled at the beginning of May, up slightly from April. Find out more about what that means for the economy.
Read more »
Canadian job vacancies climb to fresh record, signalling inflation pressureThere were 1,005,700 positions unfilled at the beginning of May, up slightly from April. Find out more about what that means for the economy.
Read more »