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Minor growth in jobs seen in near term, Help-Wanted Index indicates

Ottawa -- The Conference Board of Canada’s Help-Wanted Index rose nine points in October 2012, climbing to 134.7. The gain more than offset the losses recorded in the previous two months and suggests more job growth in the near term.


Ottawa — The Conference Board of Canada’s Help-Wanted Index rose nine points in October 2012, climbing to 134.7. The gain more than offset the losses recorded in the previous two months and suggests more job growth in the near term.

However, Canadian employers continue to be cautious when it comes to hiring, and the overall trend in the index suggests that employment gains are not likely to be significant. The labour market posted a weak gain of 2,000 jobs in October; and based on the index, that number will rise—but only to a still tepid gain of 7,400 jobs in November.

Every provincial index posted a gain in October. Saskatchewan’s index continues to be highly volatile on a month-to-month basis. After posting the biggest drop of any province in September, the index rebounded in October with the largest gain, climbing 31.2 points. Alberta’s index posted the second-largest gain in October, with an increase of 12.5 points.  In Central Canada, Ontario’s index posted a gain of 8.5 points, while Quebec’s rose 6.9 points. In Atlantic Canada, the biggest gain was recorded in Nova Scotia, which saw its index climb 9 points.