Help Wanted: Private sector job vacancies, Q2 2016

After three-straight quarterly declines, Canada’s private sector job vacancy rate held steady at 2.4 per cent in the second quarter of 2016. It shows that moderate softness in Canada’s overall labour markets persists. An indicator of labour market tightness, vacancies generally follow the inverse path of unemployment measures in the economy. The unemployment rate had improved by a few decimal points, not because of improved job creation, but because of contraction in the available labour force.

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