{"id":12586,"date":"2020-05-27T14:15:17","date_gmt":"2020-05-27T18:15:17","guid":{"rendered":"https:\/\/www.hiringlab.org\/en-ca\/?p=12586"},"modified":"2020-05-27T14:15:17","modified_gmt":"2020-05-27T18:15:17","slug":"job-postings-through-may-22","status":"publish","type":"post","link":"https:\/\/www.hiringlab.org\/en-ca\/2020\/05\/27\/job-postings-through-may-22\/","title":{"rendered":"Canadian Job Postings Through May 22: Still Waiting for a Breakout"},"content":{"rendered":"\n<p><em>This post is updated as of May 27, reflecting data through May 22. We will be regularly updating this data as we track how COVID-19 impacts the global labour market.&nbsp;<\/em><\/p>\n\n\n\n<p><strong>Key points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>As of May 22nd, the trend in total job postings on Indeed Canada stood at 47% below last year\u2019s pace, while the new posting trend was down 48%, both slight upticks from a week earlier.<\/li><li>B.C. saw some improvement in its new postings gap last week, and the province\u2019s trend relative to 2019 is now starting to resemble less populous regions.<\/li><\/ul>\n\n\n\n<p>Total job postings on Indeed Canada edged up slightly for a second week, as of Friday, May 22nd, standing 47% below last year\u2019s trend. The trend stood 49% below 2019 levels between April 19th and May 9th, and hasn\u2019t made much progress since.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.hiringlab.org\/en-ca\/wp-content\/uploads\/sites\/12\/2020\/05\/May22_G1-1024x585.png\" alt=\"Line graph showing Canadian job postings inch up in mid-may\" class=\"wp-image-12591\"\/><figcaption>Line graph titled \u201cCanadian job postings inch-up in mid-May.\u201d With a vertical axis of -60% to 10%, the graph shows Indeed Canada total job postings, 2020 vs 2019 % gap in trend through May 22 (Indexed to Feb-01, 7-day avg.) Data labels highlight every-other Friday since mid-March. The gap was at 0% on February 14, and started dropping in March. By the end of April and into May, the gap was -49%. The gap started to recover in May, reaching -47% by May 22. Caption added post-publication.<\/figcaption><\/figure>\n\n\n\n<p>The relatively minor narrowing in the total postings gap has been aided by a more substantial rebound in new postings that have been on Indeed a week or less. After plunging through mid-April, new postings have bounced back somewhat, standing 48% below their 2019 trend on May 22nd, up from -66% on April 10th. Overall, we\u2019re still waiting for signs of a real breakout in employer hiring appetite. New job postings have perked up, but remain far below last year\u2019s trend, and not yet substantially exceeding the pace at which existing job postings are being filled or taken down.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.hiringlab.org\/en-ca\/wp-content\/uploads\/sites\/12\/2020\/05\/May22_G2-1024x564.png\" alt=\"Line graph new job postings have perked up from their mid-April lows\" class=\"wp-image-12592\" width=\"580\" height=\"319\"\/><figcaption>Line graph titled \u201cNew job postings have perked-up from their mid-April lows.\u201d With a vertical axis of -75% to 30%, the graph shows Indeed Canada new job postings, 2020 vs 2019 % gap in trend through May 22 (Indexed to Feb-01, 7-day avg.) Data labels highlight every-other Friday since mid-March. The gap was at 15% on February 14, and started dropping in March. By mid-April, the gap was -70%. The gap started to rise at the end of April, reaching -48% by May 22. Caption added post-publication.<\/figcaption><\/figure>\n\n\n\n<p><strong>New postings in B.C. closing the gap vs. last year, showing similarities with smaller provinces&nbsp;<\/strong><\/p>\n\n\n\n<p>With all provinces moving towards some form of gradual re-opening, the gap in new postings compared to last year has narrowed since mid-April across the country. New posting trends in recent weeks have generally run closest to 2019 levels in smaller provinces. However, this pattern changed slightly last week, with New Brunswick and Nova Scotia weakening somewhat, while B.C.\u2019s gap narrowed somewhat. At the other end, trends in new postings are lagging 2019\u2019s path to a greater degree in Ontario and Quebec, the provinces that have seen both the <a rel=\"noreferrer noopener\" href=\"https:\/\/twitter.com\/kevinmilligan\/status\/1262506260072558593\/photo\/2\" target=\"_blank\">worst COVID-19 outbreaks<\/a> and the largest <a rel=\"noreferrer noopener\" href=\"https:\/\/www150.statcan.gc.ca\/n1\/daily-quotidien\/200508\/cg-a005-eng.htm\" target=\"_blank\">drops in hours worked<\/a> since February.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.hiringlab.org\/en-ca\/wp-content\/uploads\/sites\/12\/2020\/05\/May22_G3-1024x663.png\" alt=\"Table shows new postings gap in BC starting to match the smaller provinces\" class=\"wp-image-12593\"\/><figcaption>Table titled \u201cNew postings gap in B.C. starting to match the smaller provinces.\u201d The table compares the Indeed Canada new job postings: 2020 vs 2019 % gap in trend through May 22 (7-day avg.) and the ppt. chg since Apr. 10, between 9 provinces. Canada\u2019s total % gap in trend is -48% and +18% ppt. chg. The smallest gap is Manitoba, with -38% and a +15% ppt. chg. The largest gap is Newfoundland and Labrador with -55% and a +12% ppt. chg. Caption added post-publication.<\/figcaption><\/figure>\n\n\n\n<p><strong>Job postings trends holding up better than average in healthcare, security, and software development&nbsp;<\/strong><\/p>\n\n\n\n<p>At the broad sectoral level, job posting trends are tracking below 2019 levels across the entire Canadian economy. With the economy-wide posting trend down 47% from 2019, the sectors doing \u201crelatively well\u201d are ones with gaps down 40% or less from last year\u2019s path. Continuing patterns seen in recent weeks, hiring intentions have held up to a greater degree in areas of the healthcare sector, like personal care and home health, which employs support workers and healthcare aides, as well as in nursing. Job posting trends have also declined less than average in security and public safety (which includes security guards), as well as in software development.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.hiringlab.org\/en-ca\/wp-content\/uploads\/sites\/12\/2020\/05\/May22_G4-1024x935.png\" alt=\"Table shows some sectors hit harder than others\" class=\"wp-image-12594\"\/><figcaption>Table titled \u201cSome sectors hit harder than others.\u201d The table shows the 2020 vs 2019 % gap in trend through May 22 (7-day avg), comparing sectors with a smaller than average decline, declines similar to economy average, and larger than average decline. The sectors with larger than average declines are Beauty &amp; Wellness (-63%), Marketing (-63%), Food Preparation &amp; Service (-65%), and Hospitality &amp; Tourism (-66%). Caption added post-publication.<\/figcaption><\/figure>\n\n\n\n<p>On the flip side, many of the sectors seeing the largest drop-offs in posting trends are in personal services requiring face-to-face interaction. These include hospitality and tourism, food preparation and service, as well as beauty and wellness (which include massage therapists and hairstylists). With consumer spending down, job postings in marketing are also well below last year\u2019s trend.<\/p>\n\n\n\n<p>Lastly, posting trends have followed a similar path as the overall economy across a range of sectors. Banking and finance, arts and entertainment (which includes artists and designers), retail, as well as cleaning and sanitation have all seen comparable drop-offs in job posting trends relative to 2019 levels as the broader economy.<\/p>\n\n\n\n<p>The public health situation and its economic spillovers continue to change on a daily basis. We\u2019ll be regularly updating this data as conditions evolve.<\/p>\n\n\n\n<p><strong>Methodology<\/strong><\/p>\n\n\n\n<p><em>To measure the trends in job postings, we calculated the 7-day moving average of the number of job postings on Indeed Canada. We index each day\u2019s 7-day moving average to the start of February (Feb 1, 2020 = 100 for 2020 data, and so on).<\/em><\/p>\n\n\n\n<p><em>We report how the trend in job postings this year differs from last year, in order to focus on the recent changes in labor market conditions due to COVID-19. For example: if job postings increased 30% from February 1, 2019, to April 10, 2019, but only 20% from February 1, 2020, to April 10, 2020, then the index would have risen from 100 to 130 in 2019 and 100 to 120 in 2020. The year-to-date trend in job postings would therefore be down 7.7% on April 10 (120 is 7.7% below 130) in 2020 relative to 2019.<\/em><\/p>\n\n\n\n<p><em>For new postings, we calculate a similar metric but the underlying measure is the number of postings that have been on Indeed for seven days or less.<\/em><\/p>\n\n\n\n<p><em><em>The number of job postings on\u00a0<a href=\"http:\/\/indeed.com\/\">Indeed.com<\/a>, whether related to paid or unpaid job solicitations, is not indicative of potential revenue or earnings of Indeed, which comprises a significant percentage of the HR Technology segment of its parent company, Recruit Holdings Co., Ltd. Job posting numbers are provided for information purposes only and should not be viewed as an indicator of performance of Indeed or Recruit. Please refer to the Recruit Holdings investor relations website and regulatory filings in Japan for more detailed information on revenue generation by Recruit\u2019s HR Technology segment.<\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Slight progress in mid-May, but still a long way to go.<\/p>\n","protected":false},"author":38,"featured_media":14100,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"recruiter-hub-blocks.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"post_mwm_category":[709],"post_topic":[],"post_content_type":[],"post_duration":[],"post_actions":[],"post_franchise":[],"post_mwm_author":[670],"class_list":["post-12586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","post_mwm_category-coronavirus","post_mwm_author-bbernard"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Canadian Job Postings Through May 22: Still Waiting for a Breakout - 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