Labour market slowing down? Help-Wanted Index drops 2.5 points
Ottawa, ON -- The Conference Board of Canada's national Help-Wanted Index dropped 2.5 points to 101.2 in Septe...
Ottawa, ON — The Conference Board of Canada’s national Help-Wanted Index dropped 2.5 points to 101.2 in September — an indication that the labour market is easing.
Employment had been growing faster than the index during the recovery, but this pace was not sustainable. Over the past three months, employment gains have moderated, and we now expect the pace of job gains to slow in the coming months.
The labour market started tightening in the last few months of 2009 and continued the trend throughout the first half of 2010 (as indicated by the declining unemployment rate).
The Conference Board of Canada’s Indicator of Labour Market Tightness, which represents the number of registered unemployed individuals for every job posted online, now suggests that the labour market is still tightening — but at a slower pace.
For more information, visit http://www.conferenceboard.ca.