Tuesday, October 21st7.9°C
23836
22924

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

23434


Recent Trending




Today's Market
S&P TSX14468.87+131.101
S&P CDNX821.289.93
DJIA16499.2199.54
Nasdaq4387.486+71.411
S&P 5001928.05+24.04
CDN Dollar0.8911+0.0052
Gold1252.90+8.2001
Oil81.94+0.56
Lumber331.60+0.70
Natural Gas3.662-0.008

 
Okanagan Companies
Pacific Safety0.10-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.14+0.02
Cantex0.055-0.025
Anavex Life Sciences0.195+0.004
Metalex Ventures0.050.00
Russel Metals33.15+0.87
Copper Mountain Mining2.135+0.145
Colorado Resources0.145-0.005
ReliaBrand Inc0.0111-0.0019
Sunrise Resources Ltd0.060.00
Mission Ready Services0.46+0.01

 



23846

FEATURED Property
19763033414 Merlot Way
5 bedrooms 4 baths
$624,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Keep it rubber side down

This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...


Big bank predicts rate hike

Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...


Experts share strategies in Kelowna

The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...

_








Member of BC Press Council


22771