Job prospects weaken in 13 Canadian cities
CBC News
Posted: Nov 18, 2011 12:01 PM ET
Last Updated: Nov 18, 2011 12:01 PM ET
The Conference Board of Canada found job prospects are weakening in 13 Canadian cities. (CBC)
The Conference Board of Canada’s help wanted index suggests job prospects will weaken in 13 Canadian cities in the coming months, while labour conditions will remain tight in western Canada.
The Ottawa-based think tank, in a release Friday, said it found employment ads suggest prospects are weakening in the metropolitan areas of St. John’s, Saint John, Quebec, Montreal, Ottawa-Gatineau, Kingston, Sudbury, Hamilton, London, Windsor, Kitchener-Cambridge-Waterloo, Thunder Bay and Regina.
The index found demand for workers remained stable in Halifax, Toronto, St. Catharines-Niagara, Winnipeg, Saskatoon, Calgary, Edmonton, Abbotsford-Mission and Vancouver.
It rose in Saguenay, Trois-Rivieres, Sherbrooke and Victoria.
At the same time, the Board’s measure of labour market tightness — which divides the number of unemployed workers by the number of online ads — was below the national average of 2.2 in all western centres.
The index is based on the seasonally-adjusted number of new jobs posted online on 79 websites.
The results came two weeks after Statistics Canada reported the national job market suffered its biggest setback in almost three years in October.
The unemployment rate rose to 7.3 per cent as the country lost 54,000 jobs during the month, the most since February 2009, when the country was still in recession.
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