The vacancy-to-unemployment ratio suggests more labour market tightness than the unemployment rate https://www.bankofcanada.ca/?p=239093 Vacancy-to-unemployment ratio (left scale) Unemployment rate (right scale) 0.2911.13 0.3211.63 0.2911.43 0.2811.30 0.3211.03 0.3510.63 0.3510.13 0.319.77 0.389.63 0.359.50 0.359.43 0.359.30 0.379.50 0.349.43 0.359.67 0.269.83 0.249.43 0.319.30 0.318.87 0.318.77 0.328.60 0.348.33 0.338.20 0.348.03 0.307.90 0.377.90 0.367.50 0.376.97 0.376.87 0.416.67 0.406.90 0.396.90 0.387.00 0.327.10 0.297.17 0.297.63 0.257.93 0.277.70 0.307.53 0.287.57 0.247.47 0.277.67 0.247.80 0.237.43 0.257.30 0.277.17 0.297.00 0.307.13 0.316.93 0.336.83 0.366.70 0.386.53 0.376.60 0.416.33 0.416.50 0.426.37 0.436.33 0.466.20 0.496.00 0.476.10 0.466.13 0.456.17 0.436.23 0.376.70 0.287.97 0.248.60 0.238.70 0.228.57 0.238.37 0.248.10 0.248.20 0.267.90 0.277.80 0.287.73 0.297.40 0.297.53 0.307.53 0.317.43 0.317.37 0.297.30 0.297.13 0.287.13 0.287.20 0.277.23 0.287.17 0.287.17 0.297.03 0.326.77 0.316.83 0.316.87 0.287.00 0.277.10 0.267.27 0.267.07 0.286.93 0.296.87 0.326.70 0.336.53 0.366.23 0.396.17 0.435.90 0.445.90 0.445.90 0.495.70 0.475.80 0.485.57 0.455.73 0.455.70 0.436.53 0.1213.37 0.1910.13 0.328.87 0.368.43 0.428.07 0.587.27 0.736.27 0.805.73 0.935.13 0.885.13 0.815.10 0.795.00 0.725.20