Newfoundland and Labrador’s help wanted index posted the biggest jump of all Atlantic provinces in July, according to the Conference Board of Canada’s latest report, based on a survey of online job postings.
The province’s help wanted index rose 35 points.
Seasonally adjusted numbers from the conference board show 2,211 job postings for Newfoundland and Labrador in July, an increase of 604 compared to 1,607 in June.
Nova Scotia posted a gain of 12.7, New Brunswick, 12.1 and Prince Edward Island, 7.1.
Nationally, the conference board says, the help wanted index posted a significant gain in July, climbing 9.9 points to 131.3. “That was a big improvement from what we saw over the first six months of this year when the index failed to gain any ground.
In June, the index was at the same level it was at in January,” the board said in its latest report. It attributes uncertainties created by the debt crisis in Europe and a potential slowdown in China and the U.S. for making Canadian employers more cautious when it comes to hiring.
The board said a reluctance to hire has been reflected in previous monthly employment numbers. After posting only weak employment gains in May and June, with fewer than 8,000 jobs created in either month, the Canadian labour market lost 30,400 jobs in July.
However, the increase in July’s index suggests the situation should stabilize. The conference board is expecting only modest modest job gains in the near future and August numbers to show a gain of only 12,900 jobs across Canada.With the exception of Saskatchewan, all provinces posted gains in their July indexes, with the most significant gains in Atlantic Canada.Western Canadian provinces also recorded healthy gains in July. Alberta’s index was up 12.6 points—the province’s strongest gain in a year. Manitoba’s index increased 6.7 points—its second gain in five months. And British Columbia’s index gained 5.7 points, almost completely offsetting the previous month’s decline.
In Saskatchewan, however, where the index fell 8.2 points in June, it dropped again in July—this time by 10.7 points. Still, these drops were not enough to offset the gains recorded in April and May.Quebec’s index posted a gain of 8.4 points and Ontario’s index was up a more modest 3.4 points.