Acute labour shortages about to become chronic source of economic pain News HelpWanted Work Economy
, the lowest since at least the mid-1970s. Heading into the summer, essentially anyone who wanted a job could have found one, assuming they had the skills to match the positions on offer, or were up for some manual labour.Article content
It’s the same for Filtre Plus Inc., a ventilation company in Quebec City, which routinely turns away work because its current staff is maxed out. “I’ve always wanted to expand, but we’re at a point now where we don’t want to grow anymore because we don’t want to burn our people out,” chief executive Carl Bolduc
Part of the response: nowhere. The participation rate of workers aged 25 to 54 climbed to record levels, and the total number of available workers — the total labour force plus respondents to Statistics Canada’s Labour Force Survey who say they would like to work, but aren’t actively seeking a job — has exceeded the number of vacancies throughout the pandemic. “In aggregate, Canada had enough workers,” the Deloitte report said. “This doesn’t mean that the labour shortages didn’t occur.
“We have been without a tool-and-die maker for two years,” Sheila Ficca, human resources manager at London, Ont.-based Means TransForm Products, a unit of Amsted Industries Inc.,The participation rate, which measures the percentage of people who are working or actively seeking employment, has been hovering around 65 per cent, down from around 66 per cent in 2019. That shift is roughly equivalent to about 300,000 jobs. The slide in participation appears to have something to do with psychology.
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