Summer slow-down affects online recruiting

But other indicators support an overall calming of Canadian business expansion
||Last Updated: 08/30/2006

July marked the third consecutive month of declining online recruitment in Canada, which may signal an overall slow-down in job creation, according to online recruitment company Monster Canada.

"The sharp decline in online recruitment activity in July, as reflected in the Monster Employment Index Canada findings, can partly be attributed to a seasonal fluctuation, as hiring activity typically slows down during the vacation-heavy summer months," said Gabriel Bouchard, vice-president and general manager of Monster Canada.

"However, the most recent report from Statistics Canada reported no overall job creation during July, and with the annual GDP growth rate slowing, the latest index findings are consistent with other economic indicators suggesting that Canadian Business expansion may be shifting to a more moderate level of growth at the outset of the third quarter."