Demand for workers keeps dropping
Jul. 5, 2001. 06:46 PM
OTTAWA (CP) - The demand for workers continued to fall in June, extending a trend which began in November, a Statistics Canada survey indicates.
The agency's help-wanted index, which measures the number of help-wanted ads in 22 newspapers in 20 major metropolitan areas across the country, fell 1.8 per cent in June after slipping 2.4 per cent in May.
A rising index suggests employers are seeking workers, a falling index that they need fewer workers.
How the latest indicator translates into jobs gained or lost will be known Friday when Statistics Canada releases employment-unemployment figures for June. The unemployment rate was 7.0 per cent in May.