Sunday, November 23rd3.0°C
22246
23088

Budget watchdog says little evidence of labour shortages, skills mismatches

OTTAWA - Canada's budget watchdog says there is little evidence of serious labour shortages or a skills mismatch problem in the country.

And the finding by the parliamentary budget office could once again put it on a collision course with the Harper Conservatives.

The government has made much of a skills mismatch to justify measures like the foreign temporary workers program, stricter unemployment insurance eligibility rules and the Canada Jobs Grant, unpopular with the provinces.

But the PBO says there is no evidence to suggest the current situation is any different from that prior to the 2008-09 recession, and that some level of skills mismatch in an economy is normal.

The report does find some pockets of market tightness, particularly in Saskatchewan.

Its conclusion echoes a Statistics Canada report last week that found about 200,000 job vacancies across the country in December, the lowest level since the agency began tracking the data in March 2011.

Overall, the PBO says Canada's labour market is below trend levels in most indicators, including hours worked, high levels of unemployment and low participation rates.

The Canadian Press


Read more Business News

24126


Recent Trending




Today's Market
S&P TSX15111.13+35.95
S&P CDNX789.135.56
DJIA17810.0691.06
Nasdaq4712.97+11.102
S&P 5002063.50+10.75
CDN Dollar0.8896-0.0005
Gold1197.70+10.60
Oil76.51+0.87
Lumber331.00+4.50
Natural Gas4.266-0.253

 
Okanagan Companies
Pacific Safety0.155-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.30+0.03
Cantex0.04+0.005
Anavex Life Sciences0.178+0.008
Metalex Ventures0.03+0.005
Russel Metals31.62+0.82
Copper Mountain Mining2.24+0.06
Colorado Resources0.125-0.015
ReliaBrand Inc0.013-0.002
Sunrise Resources Ltd0.050.00
Mission Ready Services0.35+0.015

 
24130


22970

FEATURED Property
1995752127 Skyland Drive
3 bedrooms 3 baths
$999,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


What I learned in China: Part 2

As per my previous article on my visit to China, we have much to learn about and from their people. It is potentially the largest market on earth with 1.3 billion people in one country but much will d...


Retirement: Health Issues

Our health is really our greatest asset and maintaining our health is of tremendous importance. You want to do what you can to ensure that health issues will not jeopardize the enjoyment of your retir...


Be quiet already!

No, you’re not crazy. There really are voices in your head. Voices that keep you from doing what you need to do during your customer care calls. It can be the voice of your teachers, your parent...

_



24119

24156


Member of BC Press Council


23646