The Conference Board of Canada has recently released a report about job postings in Canada that is good news for the nation. In May 2010, there was a sharp increase in the number of jobs listed on job search websites, the eighth increase in about a year. This trend has stimulated more people to enter the workforce for the first time, or to re-enter it after a hiatus. The measure used to keep track of these increases, the Help-Wanted Index, rose to 96.1, up by 5.7%. These statistics were calculated using job posting data from almost 80 different job posting websites.
As economist Julie Ades wrote in the report, “This strong increase suggests that the recovery in the labour market is firmly entrenched job posting. Indeed, the index has risen in all but two of the last 10 months, illustrating a steady upward trend.”
The only province showing a decline in the number of job listings was Saskatchewan, with the rest of the Canadian provinces posting significant gains. This trend more or less coincides with recent data about job creation in the country, which also showed strong increases in employment in recent months. The outlook for employment in the recent future is good; it is expected to go up or remain stable in various metropolitan areas across Canada.
This is great news for the nation. As more job listings are posted on job search websites, more jobs are made available for those who are actively looking for work. While competition for employment is no less fierce, the spike in job postings is a good indication of the economy’s recovery.