Here’s a very positive news report for those keen to work in Canada!
The nation is looking forward to an increased number of immigrants in the next year. More than 1 million experts from various fields will get an opportunity to make the Maple Leaf Country their permanent home by 2020.
So, in case you are hunting for a Permanent Residency (PR) in the Maple Leaf Country, 2018 will be the best time for you. Get in touch with your visa agent and obtain complete details on the Canada PR procedure at the moment!
Coming back to the news report, it is based on the Multi-year Immigration Plan 2018-2020 by the Canadian Federation of Independent Business (CFIB). The basis of the report is also the 2,033 question replies of the business proprietors and operators throughout the country.
The report claims that the national economy of Canada is battling against a serious famine of trained manpower in its private segment, and consequently the job vacancies of the sector have jumped to a historic record in the third quarter of 2017. The segment has more than 2.8% available positions, resulting in a condition identical to a previous record in 2008.
Allegedly, it represents as high as 361,700 openings left vacant for not less than 4 months as recruiters/firms have been unable to locate appropriate applicants. It is also claimed that labor scarcities are all over again becoming a big roadblock to the businesses throughout the nation, particularly small organizations. For the present state, allegedly, a big credit also goes to the rapidly developing Canadian economy.
Openings by Provinces (Projected Numbers)
The research reveals that through the first quarter of 2017, British Columbia (BC) had an opening rate of 3.4% with more than 60,100 opportunities available. Similarly, the job position in Quebec marginally jumped to 3.1%, in Ontario it was 3% and in Saskatchewan, it went to 2.4% through the similar quarter. Ontario was facing a great deal of difficulties filling close-to 149,600 empty positions even as Quebec was looking forward to 85,000 applicants for their different empty positions in numerous organizations. The province of Alberta had a tad lower figure of the available positions, i.e., 33,900 marking the rate of vacancy at 2.2%.
Even as some Canadian provinces--such as Manitoba and Newfoundland & Labrador—witnessed a decent drop in their rates of vacancy, New Brunswick, Prince Edward Island and Nova Scotia did not show any change in their vacancy rate through the preceding two quarters of 2017. Manitoba, Newfoundland & Labrador were the only Canadian provinces to see their job position rates head south over the preceding quarter.
Openings Fuel Salaries Up In Affected Regions
As per the CFIB, transportation, construction, enterprise services and personal services were the businesses witnessing the most remarkable worker shortages in the third quarter of 2017.
Allegedly, the improving vacancies also led to an increase in salaries with recruiters/firms with openings expecting to propel average organization-wide wage levels a full-point higher, vis-à-vis those without.
The results of the CFIB trail the latest statistics from Statistics Canada that revealed the nation’s rate of unemployment hitting a 10-year low in the month of November.