A recent report shows that the vacancy rate in Canada is at a record high, it indicates a very strong job market. Canadian businesses are having a hard time to find employees and the good news is that the pay is likely to go up. As per a report from Canadian Federation of Independence Business (CFIB), the job vacancy rate hit 3.1 percent in April-June 2018, which was recorded to be the highest since the CFIB started tracking in 2004.

The job vacancy rate is totally opposite to the unemployment rate. The higher the vacancy rate, the stronger the job market. Nearly, 397,400 jobs are unfilled for four months or longer in the second quarter of the year. Majority of jobs are located in British Columbia, Quebec, and Ontario (these 3 provinces has 72 % of Canada’s population). The sectors where the most jobs are available are construction industries, hospitality, and transport industries.

The job vacancy rate as per industry (%) for April-June 2018. The numbers indicate the jobs that have gone unfilled for four months or more.

• Personal Services – 4.8%
• Construction – 3.8%
• Transport – 3.4%
• Hospitality – 3.3%
• Professional Services – 3.1%
• Health and Education – 3.1%
• Agriculture – 2.8%
• Manufacturing – 2.8%
• Wholesale – 2.8%
• Enterprise Management – 2.7%
• Retail – 2.5%
• Oil, Gas, Mining – 2.3%
• Finance/Real Estate – 2.0%
• Info/Arts/Recreation – 1.8%

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