Trouble filling vacancies at ‘all-time high’

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The unemployment rate edged up by 0.3 of a percentage point in July in the local economic region which includes Grey-Bruce, to 4.3 per cent.

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The Stratford-Bruce Peninsula Economic Region and Kingston-Pembroke region are tied for third-lowest in the province, the Four County Labour Market Planning Board said Friday in a release.

The provincial unemployment rate increase by 0.1 of a percentage point to 5.5 per cent, both unadjusted for seasonality.

“The inability for employers to retain and attract workers to fill vacancies is at an all-time high,” said Dana Soucie, executive director for the local planning board, in the release.

“With the 10-year chronic low unemployment rate, this is not a new challenge to our regions but one that has gotten far worse as the labour market continues to shrink and change landscapes.

“New and innovative solutions will be needed to address critical shortages, avoid the loss of businesses and critical care services for our regions.”

Overall net employment in this region increased by 2,900, with 6,500 full-time gains and 3,500 part-time losses.

Driving the gains in the services-producing sector was health care and social assistance, followed by wholesale and retail trade. Educational services saw the biggest loss.

Driving the gains in the goods-producing sector were construction and agriculture. Utilities represented the biggest loss.

Trouble filling vacancies at ‘all-time high’ Source link Trouble filling vacancies at ‘all-time high’

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