Friday, December 19th1.5°C
24124
23827

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

24200


Recent Trending




Today's Market
S&P TSX14346.75+133.36
S&P CDNX665.50+6.47
DJIA17778.15421.28
Nasdaq4748.396+104.085
S&P 5002061.23+48.34
CDN Dollar0.8622-0.0011
Gold1200.80+6.1001
Oil54.67+0.56
Lumber336.00-0.90
Natural Gas3.61-0.032

 
Okanagan Companies
Pacific Safety0.13+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.28+0.01
Cantex0.03-0.005
Anavex Life Sciences0.17+0.0041
Metalex Ventures0.055+0.005
Russel Metals26.00-1.18
Copper Mountain Mining1.57+0.03
Colorado Resources0.12+0.015
ReliaBrand Inc0.011-0.0089
Sunrise Resources Ltd0.055+0.005
Mission Ready Services0.225+0.005

 
23744


23762

FEATURED Property
21435632671 Alice Road
3 bedrooms 3 baths
$499,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Parenthood: Estates, insurance & taxes

It is now even more important to ensure your loved ones are well looked if anything should happen to you. Here are a few topics to consider helping you prepare for some of the unexpected events that c...


Managing your sales team

Managing a sales team can be quite a challenge. Harnessing individual personality preferences and getting everyone focused on the same goals, moving at the same pace, and working in collaboration to d...


Working under the table

They say there are only two things that are certain in life: death and taxes. Not exactly an uplifting thought, but true nonetheless. Some people try to avoid paying tax by “working under the ta...

_



24437

24476


Member of BC Press Council


23871