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

"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.