Conversations that we've had with business owners for the past 3 years tend to revolve around the same thing - labour. We normally hear four things:  we can't hire anyone, people are leaving to competitors, employees are asking for too much or I’m hiring inexperienced candidates because I just need more staff. This has put constraints on bottom lines and production for most business owners in an variety of different business sectors. While it may not feel like it, there are some signs that the labour market may be showing signs of cracking. This may be a chicken and egg scenario but as we get further into this cycle and business look at their bottom lines, they are forced with deciding on lower profit margins or reducing expenses. Now that we have seen an increase in layoffs or the demand to hire slowing down, there has been fewer people looking for jobs elsewhere and the pool to hire has started to increase. This may be the very early stages, if the trend continues in this direction, one would hope it would bring us closer to equilibrium in the labour market.

To access the full article please Click Here.