Mismatches between the offered wage associated with vacancies and the reservation wage-the minimum hourly wage at which job seekers are willing to accept a position-may be contributing to the elevated level of job vacancies in certain sectors, particularly in retail trade and accommodation and food services. Source: Statistics Canada, Canadian Survey on Business Conditions. In addition, shortage of labour force was expected to be an obstacle for over one-third (35.0%) of businesses, while retaining skilled employees was expected to be an obstacle for over one-quarter (27.6%).Recruiting skilled employees was expected to be an obstacle over the next three months for nearly two-fifths (36.9%) of all businesses, led by those in construction (49.5%), manufacturing (47.4%), and accommodation and food services (46.3%).To crunch numbers means to do a lot of calculations using a calculator or computer. Meaning, pronunciation, translations and examples in American English. Labour challenges are impacting Canadian employers: CRUNCH definition: If you crunch something hard, such as a sweet, you crush it noisily between your teeth. The ratio of new hires to vacancies is the number of new hires as a proportion of vacant positions. Unemployment-to-job vacancy ratio, by geography and yearĮmployers are having difficulty filling vacant positions.Īcross the five primary sectors driving total job vacancies, the ratio of new hires to vacancies has been trending downward Ratio of new hires to vacancies The unemployment-to-job vacancy ratio has decreased in every province and is the lowest in Quebec and British Columbia.

Source: Statistics Canada, Labour Force Survey and Job Vacancy and Wage Survey. Unemployment-to-job-vacancy ratio, by year The unemployment-to-job vacancy ratio in Canada is at a historical low, amid a record tight labour market.

Labour Shortage Trends in Canada (PDF, 687.26 KB)ĭescription: Labour shortage trends in Canada Labour shortage trends in Canada

Staffing crunch meaning