Statistics Canada says there were 1,005,700 positions unfilled at the beginning of May, 42 per cent higher than a year earlier
Job vacancies, an economic indicator that Bank of Canada governor Tiff Macklem is watching closely, climbed to a record in May, as employers continue to struggle to fill jobs in the heated labour market.reported July 28 that there were 1,005,700 unfilled positions 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.
“When it comes to inflation, one of the ways the economy sort of feeds into prices is that strong demand for workers creates the conditions for stronger wage growth,” said Brendon Bernard, senior economist at Indeed, the hiring site owned by Japan’s Recruit Holdings Co. Ltd. “That cost of labour starts influencing the pace of .”
Vacancies in accommodation and food services remained the highest, with 161,100 vacant positions in May, a slight change from the previous month. The vacancy rate was 11.9 per cent, representing the thirteenth consecutive month that hotels and restaurants reported the highest percentage of unfilled positions among the total jobs — filled and unfilled — available in the industry.
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 »