{"id":12667,"date":"2020-07-07T13:18:03","date_gmt":"2020-07-07T17:18:03","guid":{"rendered":"https:\/\/www.hiringlab.org\/en-ca\/?p=12667"},"modified":"2020-07-07T13:18:03","modified_gmt":"2020-07-07T17:18:03","slug":"job-postings-through-july-3","status":"publish","type":"post","link":"https:\/\/www.hiringlab.org\/en-ca\/2020\/07\/07\/job-postings-through-july-3\/","title":{"rendered":"Canadian Job Postings Through July 3: Recovery Takes a Breather"},"content":{"rendered":"\n<p><em>This post is updated as of July 6, reflecting data through July 3. 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 July 3rd, the trend in total job postings on Indeed Canada stood at 35% below last year\u2019s pace, continuing their gradual, but incomplete rebound.&nbsp;<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The gap in new postings widened slightly to 21% below 2019\u2019s path from -19% a week earlier, the first time momentum has softened since the start of June.&nbsp;&nbsp;<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Separating job-titles into low-, mid-, and high-wage categories, we see that postings for positions that typically offer higher-wages fell less than others earlier in the crisis, but have also rebounded more slowly since, leaving each tier roughly similar distance from their 2019 trends.&nbsp;&nbsp;<\/li><\/ul>\n\n\n\n<p>Total job postings on Indeed Canada edged up compared to last year\u2019s trend last week, as of Friday, July 3rd , standing 35% below 2019 levels. The gap was -36% the previous Friday, and -49% in early-May. Overall hiring appetite remains subdued compared to last year, but it\u2019s gradually recovering. Continuing a pattern seen throughout the crisis, overall job posting trends have <a href=\"https:\/\/www.hiringlab.org\/en-ca\/2020\/06\/30\/job-postings-through-june-26\/\" target=\"_blank\" rel=\"noreferrer noopener\">held closer to 2019 levels<\/a> in smaller provinces than larger ones.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/4c6_wgYOURZGIJg3lzL20O9CQ6u6c6aAURj68cRbjAMDnaVTHdy1pUpWHKTjhShnADTYhmKNvFYRILbv1VL4-J_YK7clCRxUBnpJQn6YABqSQ6W_VimjniJh6F9m_FVQWbcEXfQV\" alt=\"Line graph shows Canadian total job postings inch up at the end of June\" \/><figcaption>Line graph titled \u201cCanadian total job postings inch up at the end of June\u201d. With a vertical axis ranging from -60% to 10%, the graph shows Indeed Canada total job postings, 2020 vs. 2019 % gap in trend through July 3 (Indexed to Feb-01, 7-day avg.) Data labels highlight every-other Friday since mid-March. The gap was at 0% through February, and started dropping in March. By April 24 and May 08, the gap was -49%. The gap slowly started to rise since May, with a gap at -35%. Caption added post-publication.<\/figcaption><\/figure>\n\n\n\n<p>The gap in total postings narrowed at a slightly slower pace than in previous weeks, in part because momentum in new postings softened. The trend in new postings widened to 21% below last year\u2019s level, compared to -19% the week prior. While not dramatic, it was the first week since early June that the gap in new job posting trends failed to narrow. Overall, the trend in new postings is 33 percentage points narrower than it was on May 8th, still strong enough to drive total job postings higher, improving the outlook for Canadian job seekers.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/XXjXkW5hNQ75cL_mjrJvYGpFxfMn1LHT8oEt1XXSydXYPUMZP5xM3uBzUZWKjDIu2lXj0RKkcuszUYrwooHiEJUxeOhef1IbzK-1HZZRR8fbFVSMILxp7_HEUaqp8ZlqyDQhqmXJ\" alt=\"Line graph shows momentum in new job postings pauses after several weeks of growth.\" \/><figcaption>Line graph titled \u201cMomentum in new job postings pauses after several weeks of growth.\u201d With a vertical axis of -75% to 30%, the graph shows Indeed Canada new job postings, 2020 vs 2019 % gap in trend through July 3 (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 April, the gap was -70%. The gap slowly started to rise since May, reaching 21% end of June and pausing. Caption added post-publication.<\/figcaption><\/figure>\n\n\n\n<p><strong>Job posting trends across different wage tiers<\/strong><\/p>\n\n\n\n<p>One of the defining features of COVID-19\u2019s labour market impacts has been that job losses have been especially concentrated in mid-, and <a href=\"https:\/\/twitter.com\/BrendonBernard_\/status\/1268906345559965696?s=20\" target=\"_blank\" rel=\"noreferrer noopener\">especially lower paying occupations<\/a>. A natural follow-up question is how do developments in job postings compare?<\/p>\n\n\n\n<p>Separating job-titles into wage-tiers according to their posted salaries in 2019, low-, and mid-wage jobs fell further&nbsp; earlier in the crisis compared to their 2019 trends than higher-paying positions. While opportunities fell across the board through mid-April, posting trends for both low, and mid-paying jobs dropped by 52% compared to 2019, more severe than the 41% gap that opened up for higher-paying ones.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/VpGcSqCrh9YHfpLJnn9h_3TGgfmx9ijE3FE5yaLL4qWoDflYXI66F1wdcfpUjjPZQgSOfvJ5dkS7ARhtfXlN_cds-p5QiUHU2lt2VgJvWTvlYACXWjrHHg8Nfh47txpkxZmlpLQc\" alt=\"Lin graph shows sharper drop, but quicker rebound in low and mid-wage job postings.\" \/><figcaption>Line graph titled \u201cSharper drop, but quicker rebound in low and mid-wage job postings.\u201d With a vertical axis of -60% to 10%, the graph compares Indeed Canada total job postings by job-title wage tiers, 2020 vs 2019 % gap in trend through July 3 (Indexed to Feb-01, 7-day avg.) Graph shows that all three wage-tiers (high, low, and mid) dropped in March 2020. Mid and low tiers had a sharper drop reaching around -55% in April, but rebounded to be on-par with high-wage on July 3, with all three between -30% to -40%. Caption added post-publication.<\/figcaption><\/figure>\n\n\n\n<p>However, as hiring appetite has started to return, low-, and mid-paying jobs have also seen stronger rebounds. As of July 3, all three tiers were a similar distance from last year\u2019s trends, with the gap for low-wage jobs at -37%, compared to -35% for mid-wage, and -34% for high-wage positions.&nbsp;<\/p>\n\n\n\n<p>These patterns are evident when looking at the evolution of job postings compared to last year\u2019s trends in different areas of the economy. Sectors narrowing the gap relatively quickly in recent weeks include ones featuring lower-paying positions, like retail, and customer service. Areas posting roles with many mid-wage jobs have also seen noticeable bounce-backs, like construction, as well as education and instruction. Meanwhile postings in higher-paying sectors like nursing, and software development have held up relatively well throughout the crisis, but haven\u2019t contributed much to the overall rebound.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/JDBRbigyJxnKJgYscpOVVhmxLFd6dnge6WNE89HanX9OJN1H_KzwG45lZy4J_4uoJoSA_pdaTi4yzMP01rZ9Cb1oyX3uQfAIC67O_PVOE-u3a6bX2eNmQzz2BxZtvi240PjKuJjF\" alt=\"Table shows sectors with relatively narrow job posting gaps are showing different degrees of momentum\" \/><figcaption>Table titled \u201cSectors with relatively narrow job posting gaps are showing different degrees of momentum.\u201d The table shows the 2020 vs 2019 % gap in trend through July 3 (7-day avg), comparing sectors with a smaller gap than average, a gap similar to economy average, and a wider gap than average. In sectors with a smaller gap than average, the ppt. chg since July 3 varies significantly, with a 31% difference between Construction(+26%) and Security &amp; Public Safety (-5%). The sectors with a gap similar to economy average have a ppt. chg difference of 11%, and those with a wider gap than average have a 12% difference. Caption added post-publication.<\/figcaption><\/figure>\n\n\n\n<p>Of course, these patterns don\u2019t apply neatly to all sectors. Unlike other lower-paying sectors, opportunities in security and public safety didn\u2019t fall much when the pandemic hit, and have actually softened in recent weeks compared to last year\u2019s trend. At the same time, some of the harder hit areas of the economy like hospitality and tourism, aviation, human resources, and sports (which includes fitness instructors and coaches) experienced sharp drops in postings, and relatively modest (or non-existent) rebounds since. Lastly, the job posting gap has evolved similarly to the broader economy in other sectors, like cleaning and sanitation, as well as architecture.<\/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>Information based on publicly available information on the Indeed Canada website (and other countries named in the post), limited to Canada, is not a projection of future events, and includes both paid and unpaid job solicitations.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Postings for higher-wage jobs fell less earlier in the crisis, but lower and mid-wage jobs have led the rebound.<\/p>\n","protected":false},"author":38,"featured_media":14096,"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-12667","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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