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Job vacancy rates in Alberta

Job vacancy rates in Alberta

Posted on: 7/16/2018 | Author: ATB Financial's Economics + Research Team

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Economists track a series of labour market indicators, the most important being the Labour Force Survey, which provides a snapshot of labour market supply. A less frequent and lesser-known report from Statistics Canada looks at labour market demand. It tracks how companies are experiencing labour market conditions and how many jobs are going unfilled.

The latest of these updates on job vacancies in Alberta shows the job market is gradually improving, consistent with other reports on the labour market. In the first quarter of this year, 2.6 per cent of the jobs in the province were waiting for a qualified candidate. That compares with 2.0 per cent at the beginning of 2016 and 2.2 per cent at the beginning of 2017.

The job vacancy rate measures the tightness of the labour market. A high vacancy rate suggests employers are having difficulties filling positions while a low rate implies the economy is struggling. The highest job vacancy rates within Alberta were in the Banff-Jasper-Rocky Mountain House region and the Grande Prairie-Peace River region, with both sitting at 3.8 per cent. The lowest rates were in Edmonton and Calgary, at 2.4 per cent.

Canada’s national job vacancy rate is currently at 2.9 per cent. British Columbia had the highest job vacancy rate among the provinces at 4.2 per cent.

Job vacancies, graph​​

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