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October 22, 2014JOB VACANCIES, JULY 2014 In Nova Scotia in July 2014, the three month average number of job vacancies was 4,300, level with a year. In Canada, the number of job vacancies in July 2014 was 222,700, up 10,000 from July 2013.
The Job Vacancy Rate (the number of job vacancies or vacant positions on the last business day of the month as a percentage of labour demand) for Nova Scotia in June 2014 was 1.1, the same as a year ago. The lowest job vacancy rate in Canada this month was in Newfoundland and Labrador, at 1.0. Nationally, the job vacancy rate for July 2014 was 1.5, up from 1.4 a year earlier.
In July 2014, the unemployment to job vacancies ratio for Nova Scotia was 10.0, level with a year ago. Within the Atlantic Region, Newfoundland and Labrador had the highest Unemployment to Job Vacancies ratio at 13.6. Alberta and Saskatchewan have the lowest Unemployment to Job Vacancies ratio (both at 2.3). In Canada, the unemployment to job vacancies ratio for July 2014 was 6.2, down from 6.5 a year ago.
TrendsNova Scotia's Job Vacancy Rate was on the rise in the early part of this year, only starting on what appears to be a seasonal decline in the rate. Nova Scotia tends to follow the same trend as Canadian Job Vacancy Rates (though Nova Scotia's is lower every month).
The Unemployment to Job Vacancies Ratio for Nova Scotia has been falling throughout 2014, recently beginning to rise again. The trend is influenced mainly by the number of unemployed in the province rising faster than the number of job vacancies being reported.
Source: Statistics Canada's Job Vacancies. CANSIM 284-0001 through 284-0004