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September 27, 2018JOB VACANCIES, JUNE 2018 In the 3 months ending in June 2018, there was an average of 5,200 job vacancies in Nova Scotia (unadjusted for seasonality). This is 300 less than reported in the same month of 2017.
Nova Scotia's job vacancy rate, the share of labour demand that is unfilled, was 1.3 per cent in June. This is 10 basis points lower than observed for the same period in 2017. After peaking in the fall of 2017. The job vacancy rate has declined somewhat since, signaling some slack in the labour market beyond the winter months.
Across Canada, job vacancy rates are highest in British Columbia and Prince Edward Island (2.6 per cent), followed by Ontario and Quebec (2.4 per cent). Newfoundland and Labrador has the lowest job vacancy rate (1.1 per cent) followed by Nova Scotia (1.3 per cent). Compared with the same period last year, there have been increases in job vacancy rates for all provinces except Newfoundland and Labrador and Nova Scotia. The rise in New Brunswick has been particularly acute.
There were an average of 6.9 unemployed persons per job vacancy in Nova Scotia in the 3 months ending in June, down from 8.3 in the three months leading up to June 2017. Unlike the job vacancy rate, the ratio of unemployed persons per vacancy is signalling some labour market tightness in Nova Scotia. The national ratio of unemployed persons per job vacancy has been steadily trending down, reaching 3.2 in June 2018.
All provinces except Newfoundland and Labrador and Manitoba report fewer unemployed persons per job vacancy in June 2018 compared with the same month last year. British Columbia currently reports the tightest labour market conditions in Canada, with a job vacancy rate of 2.6 per cent and just 2.2 unemployed persons for each job vacancy. Newfoundland and Labrador reported the most labour market slack, with 17.0 unemployed persons for each job vacancy and a job vacancy rate of 1.1 per cent. New Brunswick's labour market has experienced the fastest tightening over the last year, with a sharp rise in the job vacancy rate and a large decline in the ratio of unemployed persons per job vacancy.
Source: Statistics Canada's Job Vacancies. CANSIM 14-10-0224-01 (formerly 284-0001), and 14-10-0226-01 (formerly 284-0003)
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