It's a job seeker's market right now. According to the Fédération canadienne de l’entreprise indépendante (Canadian Federation of Independent Businesses, or FCEI), the total vacancy rate for job posts in Quebec is at its highest ever at 4.1%.
Quebec is seeing the most severe labour shortage of all of the Canadian provinces, and it's way above the national average of 3.3%. The 4.1% rate translates into approximately 435,000 vacant posts in the Quebec job market.
This is a good thing for applicants: in order to appeal to candidates, salaries are going up.
Quebec's labour shortage is much higher than in other provinces. The second-highest vacancy rate is in British Columbia, which reports a 3.6% vacancy rate, and Ontario, which sits at the national average of 3.3%.
According to the FCEI report, there are many reasons that might explain such a labour shortage. Future prospects, predicted growth and the size of businesses all play a role in the vacancy rate.
The vacancy rate may cause problems for businesses, especially those that rely on unskilled labour, because the latter is more in-demand than skilled labour.
However, this isn't a bad thing for workers. The report states that, in businesses with at least one open job post, they predicted a 2.1% increase in salary. In other businesses, salaries were only growing by 1%.
The industries with the most vacant posts are in construction and in personal services (such as hairdressing).
Not to mention the dozens of job offers for hairdressers.
The vacancy rate has been increasing in the last few years, but it appears to be slowing down. These industries may not see such important job vacancies next year.