Canada: Number of job vacancies totalled 460,000 in the second quarter

Eren Sengezer FXStreet

"The number of job vacancies totalled 460,000 in the second quarter, up 67,000 (+17.2%) from the second quarter of 2016," the Statistics Canada reported today.

Key highlights:

The overall job vacancy rate rose 0.4 percentage points to 2.9%.
Increases in job vacancies were broadly based across provinces and industrial sectors.
This was the third consecutive quarter with year-over-year increases in both the number of job vacancies and the job vacancy rate.
- The job vacancy rate refers to the share of jobs that are unfilled out of all available payroll jobs.
- It represents the number of job vacancies expressed as a percentage of labour demand; that is, the sum of all occupied and vacant jobs.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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