Online job postings on the rise: New Conference Board Help Wanted Index
supports optimism
"While the Help Wanted Index does not yet point to a rebound in hiring, it suggests that the number of job losses is bottoming out," said
In August, the index rose for the second time in three months to 86.9 (2007=100). The index increased in almost all provinces. Significant gains in online job postings occurred in Ontario,
The Help Wanted Index is an indicator of the number of new jobs advertised online. The Conference Board's analysis shows that the variations in the number of jobs posted online are generally followed by similar variations in employment in the ensuing months, meaning that the index can be used to predict near-term employment trends.
Although net job losses may be tapering off, the Conference Board's second new measure of labour market activity shows that the unemployed still outnumber job postings by a substantial margin. The Barometer of Labour Market Tightness is the ratio between the number of measured unemployed for every online job posted. In
Provincial data is available for both the Help Wanted Index and Barometer of Labour Market Tightness. Raw data are collected by Canadian-based Wanted Technologies. The data is available to Conference Board subscribers at www.e-data.ca and the publication is available at www.e-library.ca.
For further information: Brent Dowdall, Media Relations, Tel.: (613) 526-3090 ext. 448, E-mail: [email protected]
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