{"id":12886,"date":"2020-11-10T17:11:48","date_gmt":"2020-11-10T22:11:48","guid":{"rendered":"https:\/\/www.hiringlab.org\/en-ca\/?p=12886"},"modified":"2020-11-10T17:11:48","modified_gmt":"2020-11-10T22:11:48","slug":"job-postings-through-nov-6","status":"publish","type":"post","link":"https:\/\/www.hiringlab.org\/en-ca\/2020\/11\/10\/job-postings-through-nov-6\/","title":{"rendered":"Canadian Job Postings Through November 6: Closing the Gap"},"content":{"rendered":"\n<p><em>This post is updated as of November 10, reflecting data through November 6. 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 November 6, total job postings on Indeed Canada stood 10% below last year\u2019s trend, a slight improvement from the week prior.&nbsp;<\/li><li>The total posting gap narrowed almost six percentage points in the past month, as job postings have held steady at a time when they\u2019re typically falling&nbsp;<\/li><li>New job postings, which can be volatile, edged up to 8% above last year\u2019s trend.&nbsp;<\/li><\/ul>\n\n\n\n<p>Total job postings on Indeed Canada stood 10% below last year\u2019s trend on November 6, up from -11% the prior Friday. The closing of the gap reflected this year\u2019s numbers edging down, but by less than the dip in last year&#8217;s trend, continuing a general pattern seen throughout October. The result has been that the gap between trends has narrowed by almost six percentage points over the past month.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/H5xcSN_7VmbxwOZ9_mf4-chQtkkcQY73Wy3V5teLm8PgDmSMbY1z4zLZdW-RHQLffwrts_p2shtW_V18r4TJ1v_LvsVlTdK5vIi2d9O0_jPklaRGCGIgwXkdgj3S6qkJrPK-AEaT\" alt=\"Line graph showing recovery for Canadian job postings continues recovery but pace is slowing.\"\/><figcaption>Line graph titled \u201cCanadian job postings continue to recover.\u201d With a vertical axis of -60% to 10%, the graph shows Indeed Canada total job postings, 2020 vs 2019 % gap in trend through Nov. 6 (Indexed to Feb-01, 7-day avg.) The gap was at 0% on February 07, 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 -10% by Nov. 06. Caption added post-publication.<\/figcaption><\/figure>\n\n\n\n<p>Helping narrow the total postings gap was ongoing momentum in new postings, which were 8% above last year\u2019s trend, up from 5% the week prior. The recent pace at which new jobs are being posted has been sufficient to keep total postings moving in the right direction. While the upswing in new COVID-19 across most of Canada puts this progress in jeopardy, it hasn\u2019t had much of an impact on overall hiring appetite.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/2cKQaNGcKRCTYUiQLu6sdIY29HhK2mZ8jrbleocwaG3Zq8qZ-5AKPDqYJL22uFOknHKxuSoy-vyiETNMT0cBQI9JCINbvLS76Ime1Ffp0eh3gJHJqLfeFPWFXT5QCDc_2QM9535g\" alt=\"Line graph showing the new job posting trend getting back to normal since pandemic.\"\/><figcaption>Line graph titled \u201cNew job postings trend back to normal.\u201d With a vertical axis of -75% to 30%, the graph shows Indeed Canada new job postings, 2020 vs 2019 % gap in trend through Nov. 9 (Indexed to Feb-01, 7-day avg.) The gap was roughly 15% on February 07, and started dropping in March. By mid-April, the gap was -70%. The gap started to rise at the end of April, reaching +8% by Nov. 9. Caption added post-publication.<\/figcaption><\/figure>\n\n\n\n<p><strong>Progress continues in most provinces<\/strong><\/p>\n\n\n\n<p>Rising COVID-19 cases west of the Maritimes, and new restrictions in provinces like Ontario and Quebec are a serious potential headwind to the rebound in job postings. However, like the nationwide trend, these developments haven\u2019t made much of a dent in postings across most provinces. While Ontario and Quebec posting gaps relative to last year have narrowed a tad less than in Alberta and B.C over the past month, they\u2019re still making progress. Rather, besides P.E.I. and Saskatchewan, where postings are either at or above trend, Manitoba is the only province where the rebound has stalled.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/g2EcwKEs0a16l1GYmW3oT1U__OuexSlI9oHAbvC5HYJjxDBV--UwpzRKUEKQ_Oc17pWQX5WyeMkYTuT7OiljP_A8qTdHaK7BwOKcQ9DelWypKnPeRj-D6rMiLLA29uaFgrGzl7Sp\" alt=\"Table showing job posting trends in Canadian provinces.\"\/><figcaption>Table titled \u201cPosting gaps continue to close in most provinces.\u201d The table compares the Indeed Canada total job postings: 2020 vs 2019 % gap in trend through Nov. 6 (7-day avg.) and the ppt. chg since Oct. 9, between 10 provinces. Canada total\u2019s % gap in trend is -10% and +6% ppt. chg. The largest positive gap is P.E.I. with +23% and a -2% ppt. chg. The largest negative gap is Manitoba with -15% and a +1% ppt. chg. Caption added post-publication.<\/figcaption><\/figure>\n\n\n\n<p><strong>Wider range of sectors getting back to normal<\/strong><\/p>\n\n\n\n<p>Job postings continue to improve compared to last year across most sectors. That said, a few areas are showing weaker momentum. Included in this group are food preparation and service, as well as sports (which include fitness instructors), both vulnerable to a pickup in the pandemic, and resulting restrictions on activity.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/VaE5QKhnW9_DwgcUqE59jpMKCRxfq4B2IAgxGNpSuLT8okiReq3OkxrDRVWYrpr05aVCM_Qw9Ei3-VOHPqz7jTpin_PMZr9BW-le4oJyqVcI2Wvgg5GJi6KLGrqbvZlEU3uUeWjP\" alt=\"Table showing pandemic-exposed sectors lagging posting recoveries elsewhere.\"\/><figcaption>Table titled \u201cPandemic-exposed sectors lagging posting recoveries elsewhere.\u201d The table shows the 2020 vs 2019 % gap in trend through Nov. 6 (7-day avg), comparing sectors with a smaller gap than average, a gap similar to economy average, and a wider gap than average. The sectors with a wider gap than average- the pandemic-exposed sectors- were Accounting (-20%), Marketing (-22%), Food Preparation &amp; Service (-36%), and Sports (-43%). Caption added post-publication.<\/figcaption><\/figure>\n\n\n\n<p>At the same time, demand is stronger elsewhere, and we\u2019re seeing posting trends return to normal levels in a growing number of areas, including ones outside of sectors like health care and loading and stocking that closed their gaps earlier. Over the past month, postings trends are either at, or close to last year\u2019s levels in areas like production and manufacturing, customer service, driving, and software development.&nbsp;<\/p>\n\n\n\n<p>Meanwhile, a range of sectors are following the economy-wide trend, showing improvement in recent weeks, though still yet to have fully recovered. Included in this group are several white collar and office-related areas like administrative assistance, and management, but also other sectors like installation and maintenance, as well as arts and entertainment.&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>Getting closer to last year\u2019s trend.<\/p>\n","protected":false},"author":38,"featured_media":14073,"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-12886","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 November 6: Closing the Gap - 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