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Newfoundland and Labrador job vacancy rate declines slightly

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The national job vacancy rate rose to 3.1 per cent in the second quarter of the year, but in Newfoundland and Labrador, where the labour market is weaker than the national average, the rate dropped ever so slightly and sits at 1.5 per cent, second-lowest in Canada behind only Prince Edward Island.

According to the Canadian Federation of Independent Business’s (CFIB) help wanted report, there were 2,300 vacant jobs in the provincial market as of the second quarter.

Statistics Canada defines the job vacancy rate as the number of vacant positions divided by total labour demand, that is, occupied positions plus vacant positions. It corresponds to the share of jobs that are unfilled out of all payroll jobs available.

Quebec leads the country at 3.9 per cent.

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