Canada’s labour pain: 1.3 million jobless, but not enough skills
Some companies may be having a tough time finding suitable new hires – but Canada’s problem, at least right now, is not a labour shortage.
For all the hue and cry about shortages, it’s tough to find hard data to support the claims. The number of job vacancies, at last count, are at the same level as a year ago and so is the ratio of unemployed people to job openings. The Bank of Canada’s business outlook survey shows shortages are far less acute than before the recession. And while the jobless rate has fallen in recent months, 1.33 million Canadians are out of work, a higher number than before the downturn (it was 1.11 million in October, 2008).