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article imageReport: 5.8 unemployed people for every Canadian job vacancy

By Andrew Moran     Jun 20, 2012 in Business
Toronto - Statistics Canada released its first quarter labour situation in the country. The report suggested that there are 5.8 unemployed people for every job vacancy, which is down from 6.5 from the same time a year ago.
On Wednesday, Statistics Canada published employment numbers from the first three months of the year. It suggested that from January to March, there were 248,000 job vacancies during that timeframe. The statistics agency said this is an increase of 19,000 from the same period one year ago.
The report concluded that for every job vacancy there were 5.8 unemployed people, which is down from 6.5 in March 2011. The ratio drop is due to a decline in the unemployment rate and an increase in job openings.
Upon measurement of different provinces, Atlantic Canada saw the biggest uptake of unemployed people to job vacancy ratios, while the west, excluding British Columbia, had some of the smallest figures across the country.
The lowest ratios were in Alberta (1.8), Saskatchewan (2.5) and Manitoba (4.0). The highest ratios could be found in Newfoundland and Labrador (16.0), New Brunswick (13.6) and Nova Scotia (10.2). There were little changes in British Columbia (6.1) Ontario (7.6) and Quebec (7.2).
Furthermore, the agency’s analysis among sectors showed that the ratio dropped substantially in construction from 14.4 last year to 8.3 this year. It said this is due to more job vacancies in that area and less unemployed people. For manufacturing there was little change from 5.4 a year ago to 5.2 this year.
“Among all sectors, mining, quarrying and oil and gas extraction had the highest job vacancy rate, at 3.5 percent, twice the average for all sectors combined,” the agency wrote. “This rate was up from 2.2 percent in March 2011. The sector had nearly 8,000 vacancies, up from 5,000 a year earlier.”
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