Canada facing significant labour mismatch: CIBC

Some jobs seeing labour surplus, others – including HR – experiencing skills shortage
By Amanda Silliker
|Canadian HR Reporter|Last Updated: 01/28/2013

Canada’s job market is experiencing a growing divide between skilled labour shortages in some occupations and labour surpluses in others, according to a report by CIBC.

“There is a significant skills mismatch in the country, with a significant number of people who cannot find a job. And then we have a huge number of employers looking for people and cannot find them,” said Benjamin Tal, deputy chief economist at CIBC World Markets in Toronto.

The report looked at the unemployment rate and wages of several occupations. Very low unemployment combined with rising wages indicated a skills shortage, while the reverse indicated a labour surplus.