and increased expenses at the beginning of According to Statistics Canada, the recent shifts the pandemic, resulting in layoffs and business in the distribution of average hourly wages toward shutdowns (Leung 2021), it is noteworthy that higher-paying jobs have indicated a change in the the share of SMEs experiencing a labour shortage employment composition.3 declined only slightly despite the unp. [...] Comparing labour-related challenges in the However, the share of businesses with labour third quarter of 2022 with the same quarter in 2023 shortages has trended downward since the fourth (Figure 2) illustrates that in 2023, the share of all quarter of 2022, and the unemployment-to-vacancy businesses expecting recruiting skilled employees, ratio has slowly risen, reaching 1.4 in the second labour. [...] For example, in Q4 2022 wide to close.6 the unemployment rate was lowest in Quebec These findings imply that the magnitude of wage (4 percent), which nevertheless had the highest increases and the wage level make a difference in share of small businesses (44 percent) reporting recruiting workers, and the disparity between the labour shortage as an obstacle in the coming job seekers’ reservation wa. [...] Education Construction Healthcare and social assistance Accommodation and food services Transportation and warehousing Arts, entertainment and recreation Finance and insurance Other services (except public administration) Mining, quarrying, and oil and gas extraction Administrative and support, waste management and remediation services Retail trade Real estate and rental and leasing Agriculture, f. [...] Employers and • implementing digital training programs for SME governments need to collaborate to identify the owners and employees and ensuring upskilling, gaps in skills and labour shortages and address reskilling and skills-matching opportunities are accessible to everyone (Mahboubi and Mokaya them through a focus on barriers to employment 2021).
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- 24
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- Canada
