Help-wanted index points to modest gain in jobs
Ottawa, ON – The Help-Wanted Index compiled by the Conference Board of Canada posted a three percentage point gain in January 2012 – its second gain in six months – that took the index to 120.6. Based on the index,...
Ottawa, ON – The Help-Wanted Index compiled by the Conference Board of Canada posted a three percentage point gain in January 2012 – its second gain in six months – that took the index to 120.6. Based on the index, employment growth should be just modest in the near term.
As was suggested in December’s Help-Wanted Index, January’s employment level remained relatively unchanged. Keeping in mind that the margin of error is wide, the index-based monthly forecast suggests that there should be a gain of only 11,500 jobs in February 2012.
Most provincial indexes posted gains in January with Quebec, British Columbia and Newfoundland and Labrador indices posting declines. Quebec’s index fell by 5.3 points, the largest decline of the three. Among the provincial indexes that recorded an increase in January, Saskatchewan’s gain was the strongest at 11.8 points.
All the other provincial indexes posted healthy advances. Ontario’s index climbed 5.2 points – its second gain in five months – bringing the index near its August level. Finally, Alberta’s index posted a 5.5 point gain, taking the province’s index to a historical high.
The Conference Board of Canada’s Indicator of Labour Market Tightness suggests that the labour market is continuing the loosening trend that began in the second half of last year.
Link to publication: http://www.conferenceboard.ca/e-library/abstract.aspx?did=4709.