Hiring Activity Moderates Amid Broader Labour Market Weakness
In August, the Canadian Hiring Index (CHI) edged up despite a slight month-over-month decline in seasonally adjusted job postings. The increase may be more reflective of a rise in the two-month average for postings.
How much did the seasonally adjusted job postings drop compared with last month? Do the reported employment losses suggest underlying weaknesses in demand, and reinforce signs that hiring momentum may be fading? In which provinces did job postings fall, and where were the largest decreases observed? Which industries saw declines in job postings? Which occupations saw the largest decreases in job vacancies. And at the national level, what was the estimated ratio of online postings to unemployed workers?
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