Employment outlook survey reveals hopeful hiring climate for first quarter of 2010
Toronto, ON -- Canadian employers expect a hopeful hiring climate for the first quarter of 2010, according to ...
Toronto, ON — Canadian employers expect a hopeful hiring climate for the first quarter of 2010, according to the latest results of the Manpower Employment Outlook Survey.
With seasonal variations removed from the survey data, the Net Employment Outlook of 13% indicates employers anticipate a favourable hiring climate in the upcoming quarter. This forecast improves six percentage points from the previous quarter when employers reported a seasonally adjusted Net Employment Outlook of 7%. However, the Outlook is down five percentage points from the same time last year.
The survey of more than 1,900 Canadian employers reveals that 15% plan to increase their payrolls in the first quarter of 2010, while 13% anticipate cutbacks and 70% of employers expect to maintain their current staffing levels. Two per cent are unsure of their hiring intentions for the upcoming quarter.
“This quarter’s Net Employment Outlook indicates that the modest hiring climate reported in the previous quarter will improve in the first quarter of 2010,” says Lori Rogers, vice-president operations, staffing services, for Manpower Canada. “Employers are telling us that they plan to hire but at a more conservative pace than during the same time last year.”
Of the 10 surveyed industry sectors, employers in the Finance, Insurance and Real Estate and the Wholesale and Retail Trade sectors are the most hopeful about adding to their payrolls in the first quarter of 2010 both with projected Net Employment Outlooks of 16% once seasonal variations are removed from the data. Employers in the Transportation and Public Utilities sector, as well as in the Public Administration sector also anticipate a steady hiring pace for the upcoming quarter with seasonally adjusted Net Employment Outlooks of 12%.
With a seasonally adjusted Net Employment Outlook of 8%, employers in the Mining sector project a moderate hiring climate for the first quarter of 2010. This is a slight decline from the previous quarter when employers reported a Net Employment Outlook of 9%. It is also a three percentage point decrease from the first quarter of 2009.
Employers in the Manufacturing Non-Durables industry sector expect a fair hiring climate reporting a Net Employment Outlook of 5%. This is a slight decline from the previous quarter when employers reported an Outlook of 6%. It is also a decrease from the same time last year when the seasonally adjusted Net Employment Outlook was 11%.
In the Manufacturing Durable Goods sector, employers anticipate a cautiously optimistic hiring climate with a Net Employment Outlook of 4%. The Outlook is an improvement from the flat environment reported in the previous quarter, but is weaker than the same time last year when employers reported an Outlook of 9%.
Regional Hiring Intentions Mixed
“Regionally, employers in Atlantic and Western Canada anticipate the most encouraging hiring climates,” adds Rogers. “The seasonally adjusted survey data indicates employers in Atlantic Canada have positive hiring intentions for the coming quarter reporting a Net Employment Outlook of 13%. The upbeat forecast for this region is being strengthened by favourable hiring intentions in the Construction, Finance, Insurance and Real Estate, Public Administration and Transportation and Public Utilities industry sectors.”
Meanwhile employers in Western Canada report a mild hiring climate with a seasonally adjusted Net Employment Outlook of 3%. With Net Employment Outlooks of 2% and 1% respectively, employers in Quebec and Ontario expect quiet hiring climates for the upcoming quarter.
More information can be found on Manpower Canada’s websites: www.manpower.ca and www.manpowerprofessional.ca.