Manitoba’s help-wanted index fell for the third consecutive month in June, pointing to more moderate employment gains in the coming months, the Conference Board of Canada said today.
The Ottawa-based think tank said Manitoba’s index fell 4.2 percentage points. It was one of nine provinces to post a decline for the month, with the drop here being the second smallest among the nine.
Nationally, the board said Canada’s index fell 9.5 percentage points.
"With domestic demand expected to slow this year due to a cooling housing market, soft consumer spending, and slower public and private investment, employers are likely to be cautious about their near-term hiring," it said.
"Including June’s drop, the recent trend in the index suggests that employment gains will be moderate in the coming months. In fact, based on the index, the (Canadian) labour market is expected to see a decline of 10,000 jobs in July."
The board’s 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.