According to the government statistical agency, the unemployment level in Canada fell 0.1 percentage points in October to a near low record of 5.8%. The job vacancy level has risen to 3.3% from 2.9% a year ago, the Canadian Federation of Independent Business states in a report.
According to CFIB Economist chief, Ted Mallett,“above the records set before the 2008 financial crisis, and businesses are really feeling the impact, ”The labour shortage/scarcity is particularly acute in the services, construction, agricultural, and oil and gas sectors, and is putting upward/positive pressure on wages. CFIB chief said.
The data release comes after the Federal and Quebec governments spar over immigration targets.
Quebec Premier Francois Legault has pledged/vowed to cut immigration, despite the mostly French-speaking province were affected most due to lack of skilled workers.
Reacting on the issue, Prime Minister Justin Trudeau Said; “What I hear across Quebec is entrepreneurs, businesses concerned about the Labour shortage, so I’m not sure it’s the best time to cut immigration”.
Moreover, on Tuesday 6A business group warned that a Labour shortage in Canada is deepening, with more than four hundred and thirty thousand (430,000) Jobs at small and medium-sized Companies remaining unfilled for at least four months.