Canada’s job market is doing better than its immediate neighbor to the south but, after an encouraging two months in March and April which saw the addition of 140,000 jobs, May and June have slumped, with basically flat growth of only 7,000 or so new jobs created. Nevertheless, Canada’s unemployment rate dropped ever so slightly from 7.3 to 7.2 percent in June; that was mainly because 16,800 people opted out of the official labor force during the month, according to Statistics Canada.

What does all this mean for classified recruitment websites in Canada like Workopolis? Business as usual. Traffic remains steady at the site, Workopolis president Kelly Dixon told us (more on that in our interview with Dixon in an upcoming issue of Classified Intelligence Report). Moreover, the company is doing its best to shift with the winds. Unemployment in the growing 15-24-year-old demographic is double the overall level, at 14 percent (roughly the same as it was in July 2009, when the labor market dropped at the start of the recession, reported Peter Harris on the Workopolis blog last month). “It’s one of our areas of focus,” Dixon added. In response, Workopolis has opened new sections on its site for interns and recent graduates.

Drilling down into the June statistics, it seems that much of the gain came from the public sector, which added 38,900 jobs, whereas the private sector shed 26,000 positions. Still, the relatively flat growth was good news: a consensus of those polled by Bloomberg forecast only 5,000 new jobs for June. Not that we’re a big believer in predictions, but if you’re going to put your faith in at least one economic crystal ball, the OECD says that, while 2012 will remain tough, by the end of 2013, unemployment in Canada overall should to decline to 6.4 percent.

Print Friendly, PDF & Email