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A group of companies warned Tuesday that the labor shortage in Canada is worsening: more than 430,000 jobs in small and medium-sized businesses would remain vacant for at least four months.
The vacancy rate went from 2.9% a year ago to 3.3%, the Canadian Federation of Independent Business (CFIB) said in a report.
It's "above the records set before the 2008 financial crisis and businesses are really feeling the pressure," said CFIB Chief Economist Ted Mallett.
According to the government statistics agency, the unemployment rate fell by 0.1 percentage point in October to a near-record low of 5.8%.
According to CFIB, the labor shortage is particularly severe in the services, construction, agriculture, and oil and gas sectors, and is putting upward pressure on wages. .
The publication of the data comes as the federal and Quebec governments compete for their immigration goals.
Quebec Premier François Legault is committed to reducing immigration, while the predominantly French-speaking province is hardest hit by the lack of skilled labor.
"What I hear everywhere in Quebec are entrepreneurs, companies concerned about the shortage of labor, so I'm not sure this is the best time to reduce immigration," commented the Prime Minister Justin Trudeau.
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