Solid hiring climate to continue into third quarter, says study
Toronto, ON -- The staffing picture remains strong for job seekers for the third quarter of 2004 as Canadian employ...
Toronto, ON — The staffing picture remains strong for job seekers for the third quarter of 2004 as Canadian employers anticipate a healthy job market, according to the latest Manpower Employment Outlook Survey.
According to more than 1,700 Canadian employers polled for the survey, 31% expect to add staff while 6% plan to reduce the number of employees for the July to September period, resulting in a Net Employment Outlook of 25%. Meanwhile, 60% anticipate no changes and 3% are unsure of their hiring intentions.
"The third quarter results are a slight improvement from an already strong second quarter, which indicates a continued solid job market building for this year," said Deborah Bakti, a spokesperson for Manpower Canada. "Second- and third-quarter results are often close and this year continues this trend, possibly predicting job market stability across Canada."
The third quarter Net Employment Outlook is down 5% from the same time last year, but up 1% from three months ago when the Net Employment Outlook was 24%, indicating optimism for Canadian job seekers.
"With the exception of Atlantic Canada, hiring projections across all four Canadian regions are similar to the national outlook," said Bakti. "Atlantic Canada is predicting a prosperous staffing picture with a Net Employment Outlook of 39%, ahead of Western Canada at 27%. Ontario and Quebec are both projecting Net Employment Outlooks of 22%."
Across industry sectors, employers in the Construction, Wholesale & Retail Trade, and Public Administration sectors are most optimistic with their hiring plans for the third quarter. Healthy results also are expected in the Services and Transportation & Public Utilities sectors. A more modest picture is reported in the Manufacturing – Non-durable Goods, Manufacturing – Durable Goods, Finance, Insurance & Real Estate and Education sectors.
Specifically for manufacturing, positive results are expected in the Manufacturing – Durable Goods sector with a Net Employment Outlook of +16%, up 7% from three months ago. This is a positive sign following weaker second quarter projections.
the Net Employment Outlook of +18% for Manufacturing – Non-durable Goods, while respectable, is the lowest third-quarter Outlook for this sector since 1998, indicating that there may be signs of instability in this industry. This Outlook is down 5% from three months ago when the Net Employment Outlook was +23%.
The Manpower Employment Outlook Survey is conducted quarterly to measure employers’ intentions to increase or decrease the number of employees in their workforce during the next quarter. Manpower Inc. specializes in permanent, temporary and contract recruitment; employee assessment; training; career transition and organizational consulting services. More information on the Canadian branch is available at www.manpower.ca.