Ottawa, ON — The Conference Board of Canada’s Help-Wanted Index posted a decline in August 2012, falling 3.3 points to 128.4. While the decline was modest compared with July’s 10-point gain, it was the third drop recorded this year and does suggest that job growth will remain soft in the near term.
The overall trend in the Index suggests that job gains will be modest in the coming months, with only 10,000 new jobs expected across Canada in September.
Seven provincial indexes posted declines. In Western Canada, Saskatchewan was the only province to see its index rise in August, with a gain of 29.2 points.
In Central Canada, both provincial indexes posted declines – Quebec was down 5.7 points and Ontario’s index fell 0.5 points. The strongest gain in Atlantic Canada was recorded in Prince Edward Island (9.3 points), its third consecutive month of growth. New Brunswick’s index rose 1.9 points, only its second gain of the year.
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. The Board’s empirical analysis has shown that variations in the number of jobs posted online are generally followed by similar variations in employment in the ensuing months. Thus, the index can be used to predict near-term employment trends.