Canadian Employers Expect A Steady Hiring Climate for Q4 2010: Survey
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According to the results from a recent Manpower Employment Outlook Survey, Canadian employers are expecting a consistent hiring climate for Q4 2010. In the course of the next three months, the Manufacturing-Durables industry sector expect to see an active hiring pace — the most optimistic forecast in the past 10 years.
Out of the 10 surveyed industries, employers within the Mining and Manufacturing — Durable Goods report the most positive results for the fourth quarter, followed by the Finance, Insurance and Real Estate sectors.
Of those surveyed, 70 percent of employers expect to maintain their current staffing levels, and employers surveyed were even more hopeful about hiring in the third quarter, with 22 percent looking to do so. By overall region, employers in Western Canada were the most optimistic, followed by those in Atlantic Canada. The positive forecast for this region is due in part to the bright hiring forecast reported by employers in the Manufacturing- Durable Goods industry sector and due to many of these firms being located in this region.
However, it is worth noting that employer hiring sentiment has declined steadily during the recession and hit a near dry spell in Q3 2009.
Economists have warned that Canada’s unemployment rate may stay around eight percent for a while, as economic growth slows and fears of a double-dip recession in the U.S. spread into Canada.
Overall, Canada’s projected net employment outlook adjusted for seasonal variation was up 15 per cent in the quarter. The outlook was far worse in the United States, where the net employment outlook was at a low five percent.
The full survey can be downloaded here: http://www.manpower.com/common/download/download.cfm?companyid=MAN&fileid=399002&filekey=96BC992B-7102-4C94-B5B4-EBBE19E1C04F&filename=CA_EN_4Q_MEOSrelease_Final.doc
Tags: Canada, economic recovery, hiring prospects, unemployment