{"id":12629,"date":"2020-06-09T11:24:17","date_gmt":"2020-06-09T15:24:17","guid":{"rendered":"https:\/\/www.hiringlab.org\/en-ca\/?p=12629"},"modified":"2020-06-09T11:24:17","modified_gmt":"2020-06-09T15:24:17","slug":"job-postings-through-june-5","status":"publish","type":"post","link":"https:\/\/www.hiringlab.org\/en-ca\/2020\/06\/09\/job-postings-through-june-5\/","title":{"rendered":"Canadian Job Postings Through June 5: Moving in the Right Direction"},"content":{"rendered":"\n<p><em>This post is updated as of June 8, reflecting data through June 5. 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 June 5th, the trend in total job postings on Indeed Canada stood at 43% below last year\u2019s pace, showing some progress compared to the 49% gap a month prior.<\/li><li>The gap in new postings held steady during the week at 37% below 2019\u2019s path, reflecting further progress in this year\u2019s trend offset by a rebound in last year\u2019s, following a later Victoria Day. The trend compared to last year has narrowed 17 percentage points from four weeks earlier.&nbsp;&nbsp;&nbsp;<\/li><li>The new posting gap is now less than 25% in certain smaller provinces. Nationally, some sectors have seen pickups in new job postings after large declines earlier during the crisis, like retail, construction, as well as in beauty and wellness. Meanwhile, there\u2019s very little hiring momentum in hospitality and tourism, as well as aviation.<\/li><\/ul>\n\n\n\n<p>Total job postings on Indeed Canada made gains last week, as of Friday, June 5th, standing 43% below last year\u2019s trend. The gap was 45% the previous Friday, and 49% in early May. Overall hiring interest remains subdued compared to last year, but the pace of recovery in total postings has started to improve, especially over the past two weeks.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/gVEv_UrXDo07VzH7QAfP-R5bPSm4AmLoHBIGJJ7n-b-6DUXBy2d7aFLsTeJalxKx4mhEnQYwJdDKGCszQvCF0rEYpOf9j8LdHsjFHp_XeimUizzT-2l2K20iUem4ycy37nevWzno\" alt=\"Line graph shows Canadian total job postings gradually trending upward\"\/><figcaption>Line graph titled \u201cCanadian job postings gradually trending upward.\u201d With a vertical axis of -60% to 10%, the graph shows Indeed Canada total job postings, 2020 vs 2019 % gap in trend through June 5 (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 -43% by June 5. Caption added post-publication.<\/figcaption><\/figure>\n\n\n\n<p>Helping push the total posting trend higher was continued momentum in new job postings, that have been on Indeed a week or less. Overall, the trend in new postings held steady from a week earlier at -37% last year\u2019s level. However, the prior week had seen the gap temporarily narrow due to a dip in last year\u2019s trend surrounding Victoria Day, which landed later in the month than this year. While the 2019 trend bounced-back last week, ongoing momentum in this year\u2019s trend kept the gap between them steady. Further gains in new postings, already 17 percentage points closer to 2019\u2019s path then four weeks ago, will be key to drive total job postings higher, and for improving the outlook for Canadian job seekers.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/EhabTw40lqZfgvxWLF_mUKu6uV-KPyhI1FjvuEh6pMFFbWutzy9qHm_u9JA6M_i6AESjSnK5Knru0FhVO_9MA-eRAvfX4MSJ90lL__1gNfi3agVBRIXbNoeVPy5ULXIxZze9VgrF\" alt=\"New job postings continue to show progress\"\/><figcaption>Line graph titled \u201cNew job postings continue to show progress.\u201d With a vertical axis of -75% to 30%, the graph shows Indeed Canada new job postings, 2020 vs 2019 % gap in trend through June 5 (Indexed to Feb-01, 7-day avg.) Data labels highlight every-other Friday since mid-March. The gap was at 2% around mid-March and dropped until mid-April. By the end of April and into May, the gap was -70%. The gap started to recover in May, reaching -37% by June 5. Caption added post-publication.<\/figcaption><\/figure>\n\n\n\n<p><strong>Employer appetite showing greater momentum in smaller provinces<\/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 across the country. Smaller provinces in particular are seeing new postings being added at rates more similar to 2019, with the gap in trend less than 25% in New Brunswick, Nova Scotia, and Saskatchewan. Among the larger provinces, new postings are closer to last year\u2019s trend in B.C. and Alberta, while the gap in Ontario is wider than the national average. Quebec\u2019s gap looks similar to Ontario\u2019s, partly reflecting a particularly strong 2019.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/9YLcccYaMegdXfQTpzS9UuiXGexHmihorUOv8fF7UgaFD6trZ186mLcS_BJPdiIVqH4ROE2mCkV1DA9lSz4dLVsmWmu7RB3ECuhXfZgErA6jdxF__Eg6jFcSp5V2rg3XHDdsyOLa\" alt=\"Table shows new postings closer to last year's trend in smaller provinces\"\/><figcaption>Table titled \u201cNew postings closer to last year\u2019s trend in smaller provinces.\u201d The table compares the Indeed Canada new job postings: 2020 vs 2019 % gap in trend through June 5 (7-day avg.) and the ppt. chg since May 8, between 9 provinces. Canada\u2019s total % gap in trend is -37% and +17% ppt. chg. The smallest gap is New Brunswick, with -13% and a +26% ppt. chg. The largest gap is Quebec with -41% and a +17% ppt. chg. Caption added post-publication.<\/figcaption><\/figure>\n\n\n\n<p><strong>New postings show rebounds in some, but not all hard-hit sectors<\/strong><\/p>\n\n\n\n<p>In recent weeks we\u2019ve highlighted sectors <a href=\"https:\/\/www.hiringlab.org\/en-ca\/2020\/05\/27\/job-postings-through-may-22\/\">where total job postings<\/a> have held up better than others. Job opportunities have, and continue to hold up better than average in parts of the health care sector like nursing and personal care, security and public safety, as well as software development. However with new job postings showing some momentum, it\u2019s also important to track areas of the economy starting to show momentum, as well as those that aren\u2019t.<\/p>\n\n\n\n<p>Nursing stands out as the sector with new posting trends closest to its 2019 path, because it never experienced a substantial decline to begin with. However, we\u2019ve also seen new postings in other areas of the economy temporarily shuttered have rebounded to above the economy-wide average. These include retail, loading and stocking, which include warehouse workers, as well as construction.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/LC_KqQ2z2jrMH2LIvZvCTZTNrwfmlM0B5s3OUq0QwM2SxYWYgbMIRWDvutTZDUx0FK93nbfn5-eWMzJZ-3jqS5y0VU-KgIaMK8uRK3Sx9zSVpuyCvx9Wc0ITFmeONuW52VQSkr3Q\" alt=\"Table shows new postings showing stronger momentum in some sectors than others\"\/><figcaption>Table titled \u201cNew postings showing stronger momentum in some sectors than others.\u201d The table shows the 2020 vs 2019 % gap in trend through June 5 (7-day avg), comparing sectors with a smaller than average decline, declines similar to economy average, and larger than average decline. The sectors with more job opportunities than others include Nursing (-6%), Retail (-21%), Loading &amp; Stocking (-26%), Construction (-28%). Caption added post-publication.<\/figcaption><\/figure>\n\n\n\n<p>Not quite as strong, but still showing some progress are sectors where new postings look more similar to the national average. In this category falls cleaning and sanitation, which includes cleaners and housekeepers, installation and maintenance, which includes technicians and mechanics, as well as arts and entertainment, which includes artists and designers. Joining this group more recently after experiencing a severe decline earlier on in the crisis is beauty and wellness, which includes jobs like hairstylists and massage therapists.&nbsp;<\/p>\n\n\n\n<p>Lastly, momentum in hiring appetite remains quite soft across several areas of the economy, with new postings both further from trend than average, and the gap not showing much improvement over the past month. Some are white collar sectors, like accounting, as well as banking and finance, while others are sectors that face particular challenges in a time of social distancing, like hospitality and tourism, and aviation.&nbsp;<\/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>Recovery in employer hiring appetite still has a long way to go.<\/p>\n","protected":false},"author":38,"featured_media":14099,"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-12629","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 - 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