http://www.thestar.com/business/persona ... earch.html
A recent report by economists connected to one of Canada's major banks indicates that the skilled trades shortage might not be that short of people. The report was surprised to note that for a supposed shortage, wages did not reflect employers' willingness to pay people more if they were very much in demand.
http://www.winnipegfreepress.com/canada ... 99761.htmlThey also looked at wage gains on the theory that if labour is scarce, employers will pay more to obtain it.
But even in Alberta and Saskatchewan, which for years have led the country in low unemployment rates and have real shortages in certain trades, the report suggests the problem is far from crisis proportions.
"The story on the wage data remains curious, as wage gains out West have not increased to the extent that one might have thought given the signs of tightness," the economists wrote.
Switzerland's unemployment rate report, from earlier in October:
http://www.thelocal.ch/20131008/overall ... -unchanged