The phrase
"labour shortage" refers to a situation where there are not enough workers available to meet the demand for jobs or certain industries. It means that there is a lack of people to do the work that needs to be done.
Full definition
As we move up the skill spectrum, evidence
of labour shortages is mounting in many industries and wages are rising.
Employment growth slowed moderately in most districts,
with labour shortages reported in the manufacturing and construction industries.
The rationale for the program relies on pockets of
acute labour shortages, for which there is anecdotal evidence, but little in the way of analysis.
Not only is retail space at a premium and hard to find, construction and
labour shortages add to the challenge.
At the same time there are
serious labour shortages in the NHS, the construction industry and farming that have previously been relieved by immigrant labour.
Each industry would hire locally if they could at times like these but
labour shortages in these areas are extreme.
With employers
facing labour shortages and segments of the population wanting to shore up their income in retirement, this social construct seems the likeliest thing to give.
On balance, businesses view
labour shortages as having the same intensity as 12 months ago (Chart 6, red line).
Low Skilled workers — Workers brought in as a last resort to
fill labour shortages in lower skilled jobs that Canadians do not want, or were not available to fill.
A
growing labour shortage is projected to increase, with a study by the Conference Board of Canada projecting 113,800 unfilled jobs by 2025.
Demographics are indicating more university spaces becoming avaialble over next 8 years (already started in eastern Canada) as well as
labour shortages for younger people (Foote) and generally better things ahead using same arguments by Dent.lt looks like we are headed for BOOM times which will really get going by 2020.
The program allows Canadian employers to respond to
genuine labour shortages by allowing them to hire internationally, while ensuring that Canadian citizens and permanent residents have the first opportunity to apply for open job positions.
Following the weak levels recorded over the past two years, both indicators of
labour shortages continue to edge up (Chart 6).
The uncertainty has already had an adverse impact on some sectors within the UK economy, such as healthcare, construction, hospitality, agriculture, retail and manufacturing, which are currently facing
critical labour shortages.
He also warned that
labour shortages after Brexit «could cause us a lot of damage», especially in the National Health Service.
That the TFWP is supposed to be a short -
term labour shortage fix, and employers are making it otherwise.
STAFF turnover is costing Western Australian companies billions of dollars and needs to be addressed to
combat labour shortages and improve productivity.
WESTERN Australia's construction sector is warning of
impending labour shortages amid indications of a revival in the home building market.
The premier recognizes the need to reduce dependence on non-renewable resource revenues, diversify markets, invest in renewable energy, reduce environmental footprints and
mitigate labour shortages.
One possibility is that as the Boomers retire in the coming years, long -
predicted labour shortages will finally lead to wage increases.
Underemployment was chronic during this period, [18] and it was common practice to retain a larger workforce than was typically necessary for insurance
against labour shortages in boom times.
And, in our latest Business Outlook Survey, the Bank saw evidence of
labour shortages easing in regions where some interprovincial workers are returning from the oil patch.
Faced with
labour shortage on his farm, Florida - based Gary Wishnatzki turned to artificial intelligence and robotics for strawberry - picking.
With Canada's skilled
labour shortage expected to get worse before it gets better, employers and HR professionals are taking stock of their current staff and trying to figure out how to keep employees both happy and loyal.
Positivity has been held back by
rising labour shortages and the burden of complying with government regulations, and this should remind us that Brexit isn't the only game in town.»
Growth in the all - important US services sector slowed for a third straight month in April, according to a closely watched survey, as optimism over the state of the American economy is tempered by concerns
over labour shortage and rising input costs.
For the first time since the oil price shock, firms reported little change, on balance, in the intensity of
labour shortages compared with a year ago (Chart 6, red line).
That is why the Chamber is crying
about labour shortages now because they do not want their members to have to offer higher wages.
Despite signs of
emerging labour shortages, the WCI records that wage increases in the construction industry over the past year were only marginally above the all - industry average.
But we do not face
significant labour shortages today and the EI program does not make things worse, the Canadian Chamber of Commerce notwithstanding.
Following the vote to leave the EU in June 2016, the prospect of Brexit -
related labour shortages is a particular concern for the food and drink sector.
Almost 50,000 men aged 18 to 25 - roughly one out of every ten conscripts - worked as miners during and after the war to
address labour shortages.