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created on 08/25/2011  |  http://fubar.com/tufui/b343104

Canada lost jobs last month. The unemployment rate inched up 1/10th of a per cent to 7.3 per cent. And the Bank of Canada warned that Canadians should expect continued weakness in the economic recovery. It’s been a disappointing week,juicy couture outlet but there’s no need to be anxious, experts say. While the job stats and unemployment levels have high visibility, they are overall numbers that may not be relevant to your job and industry. Friday’s decline was the first drop in employment since March; in the past year, employment has grown by 1.3 per cent, or 223,000 positions. Recent figures are also showing Canada’s job growth faring better than the U.S. job market. However, it’s only prudent to assess potential risks to your job as well as the potential for advancement in your career. Here are some barometers the experts say can give you a truer picture of what the job market holds for you: How’s the confidence? The monthly readings of consumers’ willingness to spend are indicators of how likely goods are to find buyers. But they’re also a measure of how confident employers are about taking on new employees and how good people feel about the prospects of landing a better job if they leave their current one, said Tom Long, executive recruiter with Russell Reynolds Associates in Toronto. “We’re still quite busy; the uncertainty doesn’t seem to be slowing down decision making on hiring at executive levels,” he said. Recruiting is particularly strong in professional services, accounting, finance and information technology. “But having said that, people are obviously becoming more wary. I can tell in discussions with candidates we recruit that they are factoring the risk of a slowdown into their decisions to make a move,” Mr. Long said. “I’ve been through several cycles of slowing growth and you tend to find both client and candidates hitting the pause button at the same time.” It’s not a clear trend yet, but it’s one to watch, he said.

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