Soft job growth ahead, conference board predicts

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The Telegram

The Conference Board of Canada's latest survey of online job postings is predicting soft job growth ahead in the near future.

Nationally, the Help Wanted Index fell 3.3 points to 128.4 in August, compared to a 10-point gain in July.

Saskatchewan's index recorded the strongest increase of any province with a gain of 29.2 points.

In Atlantic Canada, the strongest gain was recorded in Prince Edward Island, which saw its index increase by 9.3 points. New Brunswick's index rose 1.9 points and Newfoundland and Labrador's index fell 4.8 points, after recording the strongest gain of any province in July.

Nova Scotia's index dropped 3.6 points.

The conference board says nationally, the number of unemployed people and online job postings both fell in August about the same degree, while the ratio of unemployed to online job postings remanded unchanged at two.

But, Saskatchewan and Newfoundland and Labrador experienced the greatest tightening of labour markets, according to the board.

It says uncertainty about the health of the global economy and weak growth in the U.S. and China are doing little to improve employers' confidence.

And, "as a result Canadian employers remain cautious when it comes to hiring."

The board also says in its latest report, "Employment did post a gain in August, as the July Help Wanted Index had suggested it would. However, the overall trend suggests that job gains will be modest in the coming months, with only 10,000 new jobs expected across Canada in September. "

The Conference Board of Canada says its Help Wanted Index is based on seasonally adjusted numbers of new, unduplicated jobs posted online across 79 Canadian job-posting websites. The raw data is collected by Wanted Technologies, a Canadian firm that provides information and analysis on hiring demand.

The board also constructs the indicator of labour market tightness, which represents the ratio of the number of unemployed to the number of available ads posted online.

Organizations: Conference Board of Canada, Wanted Technologies

Geographic location: Atlantic Canada, Newfoundland and Labrador, Prince Edward Island New Brunswick Saskatchewan U.S. China

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Recent comments

  • Colin
    October 03, 2012 - 10:12

    @ Dave: Did you check A lot more jobs there usually.

  • Dave
    October 01, 2012 - 12:30

    Lovely if this is true...I actually havent seen a private industry accounting job on Career Beacon (except for a Director of Finance) in a month lol..hoping things will get better.