MRO Magazine

Little employment growth expected over the near term

Ottawa - The Conference Board of Canada’s Help-Wanted Index rose 1.1 points in March 2013, bringing it to 131.9. The fact that the gain was so small suggests that employment will post little growth over the near term as the labour market...


Ottawa – The Conference Board of Canada’s Help-Wanted Index rose 1.1 points in March 2013, bringing it to 131.9. The fact that the gain was so small suggests that employment will post little growth over the near term as the labour market aligns with the slowdown in output growth experienced in the second half of 2012. Indeed, based on the index, the labour market was expected to gain only 3,000 jobs in April 2013.

Although modest, the gains were widespread, with almost all provinces posting gains in their indexes in March. The exception was Quebec, where the index fell 8.5 points—a second consecutive decline. In Western Canada, Saskatchewan’s index continued to outperform the national average, posting a robust gain of 6.9 points.

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 Conference Board of Canada has also released its Index of Consumer Confidence-April 2013. Canadian consumer confidence declined 4.9 points in April to 75.6 (2002 = 100). This marks the continuation of a disconcerting trend that has seen the index decline in six of the past seven months.

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