Job vacancies drop in May

Ottawa – There were 225,000 job vacancies among Canadian businesses in May 2013, down 33,000 from May 2012, according to Statistics Canada. There were 6.3 unemployed people for every job vacancy, up from 5.5 one year earlier.

The increase in the ratio of unemployment to job vacancies was all the result of the decline in job vacancies.

The national job vacancy rate was 1.5% in May, down from 1.8% 12 months earlier.