Ottawa - The Conference Board of Canada’s Help-Wanted Index fell 7.9 percentage points in July 2013, bringing it to 119.6. Soft domestic demand has slowed the pace of hiring in recent months and is expected to continue to limit hiring in the near term.
Indeed, the recent trend in the index suggests that employment gains will be modest in the coming months. And given the June and July drops, the employment numbers for August are expected to show a decline of 40,000 jobs.
Six of the provincial indexes posted declines in July. Saskatchewan and British Columbia saw their indexes fall the most, by 35.3 points and 27.8 points, respectively. Ontario’s index fell 12.8 points – its second consecutive decline. In contrast, Quebec’s index climbed 20 points, after recording declines the two previous months.
Like Central Canada, the results were also mixed in Atlantic Canada – Newfoundland and Labrador’s index posted the only significant increase, a gain of 11.1 points, offsetting almost all the losses experienced the previous month.
The Help-Wanted Index is based on the seasonally adjusted number of new, unduplicated jobs posted online during the month across 79 Canadian job-posting websites.