OTTAWA ― The number of job postings rose in May, the eighth increase in the last 10 months, and more people are taking that as a sign that it's time to enter ― or re-enter ― the workforce, a report released Tuesday suggests.
The Conference Board of Canada's Help-Wanted Index rose 5.7 percentage points to 96.1 in May after declining in April.
"This strong increase suggests that the recovery in the labour market is firmly entrenched," economist Julie Ades wrote in the report. "Indeed, the index has risen in all but two of the last 10 months, illustrating a steady upward trend."
The index is based on the seasonally adjusted number of new jobs posted online during the month across 79 Canadian job-posting websites.
Employment declined for four consecutive quarters during the recession but came back in the final quarter of 2009 and the first quarter of 2010, writes Ades, adding "numbers are expected to show that employment gains have accelerated in the second quarter."
The board's Indicator of market tightness also increased in May ― its first increase in seven months. The measure represents the number of registered unemployed individuals for every job posted online.
"The rise suggests that the optimism created by the recovering economy and employment growth has encouraged many individuals to enter, or re-enter, the labour force in search of work," Ades writes.
Regionally, Saskatchewan is the only province that posted a decline in its help-wanted index, which was down eight points in May.
Some of the biggest gains came in Atlantic Canada ― Newfoundland and Labrador was up 23.5 points and Nova Scotia 12.9, while P.E.I.'s index gained 6.7 points and New Brunswick's 5.9.
Ontario and Quebec, after posting declines in April, saw their indexes grow by 6.4 points and 8.2 points respectively, while the help-wanted index jumped 4.8 points in Manitoba, 6.4 points in Alberta and 3.1 points in B.C.
Using the same data, a report Monday from the Conference Board showed that prospects for near-term employment are up or stable in 19 of the census metropolitan areas ― which include cities and their surrounding suburban areas ― included in the study, and down in eight.
Source: http://www.canada.com/business/seekers+climb+aboard+employment+listings+rise/3241276/story.html
The Conference Board of Canada's Help-Wanted Index rose 5.7 percentage points to 96.1 in May after declining in April.
"This strong increase suggests that the recovery in the labour market is firmly entrenched," economist Julie Ades wrote in the report. "Indeed, the index has risen in all but two of the last 10 months, illustrating a steady upward trend."
The index is based on the seasonally adjusted number of new jobs posted online during the month across 79 Canadian job-posting websites.
Employment declined for four consecutive quarters during the recession but came back in the final quarter of 2009 and the first quarter of 2010, writes Ades, adding "numbers are expected to show that employment gains have accelerated in the second quarter."
The board's Indicator of market tightness also increased in May ― its first increase in seven months. The measure represents the number of registered unemployed individuals for every job posted online.
"The rise suggests that the optimism created by the recovering economy and employment growth has encouraged many individuals to enter, or re-enter, the labour force in search of work," Ades writes.
Regionally, Saskatchewan is the only province that posted a decline in its help-wanted index, which was down eight points in May.
Some of the biggest gains came in Atlantic Canada ― Newfoundland and Labrador was up 23.5 points and Nova Scotia 12.9, while P.E.I.'s index gained 6.7 points and New Brunswick's 5.9.
Ontario and Quebec, after posting declines in April, saw their indexes grow by 6.4 points and 8.2 points respectively, while the help-wanted index jumped 4.8 points in Manitoba, 6.4 points in Alberta and 3.1 points in B.C.
Using the same data, a report Monday from the Conference Board showed that prospects for near-term employment are up or stable in 19 of the census metropolitan areas ― which include cities and their surrounding suburban areas ― included in the study, and down in eight.
Source: http://www.canada.com/business/seekers+climb+aboard+employment+listings+rise/3241276/story.html
