Manpower Employment Outlook Survey Reveals Employers Expect a Positive Hiring Climate for the Fourth Quarter of 2008
(Toronto, ON, September 9, 2008) – Canadian employers expect a positive hiring climate for the October to December period of 2008 according to the latest results of the Manpower Employment Outlook Survey, the most extensive, forward-looking employment survey in the world.
The survey of more than 1,700 Canadian employers reveals that 20 per cent expect to increase their payrolls in the next three months while seven per cent of employers anticipate cutbacks, for a Net Employment Outlook of 13 per cent. Of those polled, 70 per cent expect no change and three per cent are unsure of their staffing intentions for the upcoming quarter.
With seasonal variations removed from the survey data, the Net Employment Outlook is 14 per cent. This is a one percentage point increase from the previous quarter, indicating hopeful hiring intentions for the final quarter of 2008.
“This quarter’s Net Employment Outlook suggests that Canadian employers anticipate a steady hiring pace for the upcoming quarter” says Byrne Luft, Vice President, Marketing for Manpower Canada. “Employers are indicating that they will continue to increase their payrolls, but at a slightly slower rate than last year at this time.”
“The hiring climates in Western and Atlantic Canada are ahead of the national forecast,” adds Luft. Employers in Western Canada report an active hiring climate with a Net Employment Outlook of 25 per cent. In Atlantic Canada employers project a steady quarter with a Net Employment Outlook of 16 per cent. Employers in Quebec expect a weaker, yet still moderate fourth quarter projecting a hiring pace of nine per cent. Ontario employers report a modest quarter, projecting a Net Employment Outlook of eight per cent.
Strengthened by robust projections in Western Canada, employers in the Mining sector project a solid hiring pace with a seasonally adjusted Net Employment Outlook of 28 per cent. In the Public Administration and Construction sectors employers expect healthy hiring climates both reporting seasonally adjusted Net Employment Outlooks of 22 per cent. Employers in the Finance, Insurance and Real Estate as well as employers in the Transportation and Public Utilities sectors expect upbeat markets for job seekers reporting Net Employment Outlooks of 20 and 17 per cent, respectively.
Mining
Reporting a five percentage point increase from the previous quarter, employers in the Mining sector project a solid fourth quarter with a seasonally adjusted Net Employment Outlook of 28 per cent. When compared to the fourth quarter of 2007, the Outlook has decreased by ten percentage points.
Public Administration
Employers in the Public Administration sector anticipate a steady hiring climate with a seasonally adjusted Net Employment Outlook of 22 per cent. Hiring projections have increased by eight percentage points from the previous quarter. However, this quarter’s forecast remains the same as last year’s fourth quarter.
Construction
Reporting a seasonally adjusted Net Employment Outlook of 22 per cent, employers in the Construction sector project an active staffing period for the final quarter of 2008. The Outlook has increased 11 percentage points from the previous quarter but has decreased six percentage points since the same time last year.
Finance, Insurance and Real Estate
With a seasonally adjusted Net Employment Outlook of 20 per cent, employers in the Finance, Insurance and Real Estate sector anticipate a favourable hiring pace. This quarter’s forecast is six percentage points stronger than the Outlook reported in third quarter. However, the Outlook is four percentage points weaker when compared to the same time last year.
Transportation and Public Utilities
In the Transportation and Public Utilities sector employers predict a positive hiring climate for the upcoming October to December period, reporting a Net Employment Outlook of 17 per cent once seasonal variations are removed from the data – two percentage points weaker than the previous quarter when the seasonally adjusted outlook was 19 per cent. When compared to the fourth quarter of 2007, the Net Employment Outlook improves by two percentage points.
Services
Employers in the Services sector also expect a positive hiring climate for the final quarter of 2008, reporting a seasonally adjusted Net Employment Outlook of 17 per cent. This is on par with the Outlook reported last quarter and is a slight decrease from the same time last year when the seasonally adjusted Net Employment Outlook was 20 per cent.
Wholesale and Retail Trade
In the Wholesale and Retail Trade sector employers report a Net Employment Outlook of 15 per cent once seasonally adjustments are made. This is a five percentage point increase from the previous quarter. However, this sector has experienced a ten percentage point decrease from the same time last year. Despite these fluctuations employers expect an upbeat quarter for the October to December period of 2008.
Manufacturing – Durable Goods
Employers in the Manufacturing – Durable Goods sector report a seasonally adjusted Net Employment Outlook of 13 per cent, indicating a respectable hiring climate. This is a seven percentage point increase from the previous quarter when the seasonally adjusted Net Employment Outlook was six per cent and is a one percentage point increase from the same time last year.
Manufacturing – Non-Durable Goods
Reporting a seasonally adjusted Net Employment Outlook of ten per cent, employers in the Manufacturing – Non-Durable Goods sector employers anticipate a hopeful hiring climate for the upcoming quarter. This is a ten percentage point increase from the previous quarter when the sector experienced a flat hiring climate. It is, however, a slight decrease from the same time last year when the Net Employment Outlook was 11 per cent.
Education
Employers in the Education sector expect a mild hiring climate for the upcoming quarter, reporting a seasonally adjusted Net Employment Outlook of four per cent. Employer optimism is declining when compared to the previous quarter, when the Net Employment Outlook was eight per cent, and also by nine percentage points from the same time last year.
The survey of more than 1,700 Canadian employers reveals that 20 per cent expect to increase their payrolls in the next three months while seven per cent of employers anticipate cutbacks, for a Net Employment Outlook of 13 per cent. Of those polled, 70 per cent expect no change and three per cent are unsure of their staffing intentions for the upcoming quarter.
With seasonal variations removed from the survey data, the Net Employment Outlook is 14 per cent. This is a one percentage point increase from the previous quarter, indicating hopeful hiring intentions for the final quarter of 2008.
“This quarter’s Net Employment Outlook suggests that Canadian employers anticipate a steady hiring pace for the upcoming quarter” says Byrne Luft, Vice President, Marketing for Manpower Canada. “Employers are indicating that they will continue to increase their payrolls, but at a slightly slower rate than last year at this time.”
“The hiring climates in Western and Atlantic Canada are ahead of the national forecast,” adds Luft. Employers in Western Canada report an active hiring climate with a Net Employment Outlook of 25 per cent. In Atlantic Canada employers project a steady quarter with a Net Employment Outlook of 16 per cent. Employers in Quebec expect a weaker, yet still moderate fourth quarter projecting a hiring pace of nine per cent. Ontario employers report a modest quarter, projecting a Net Employment Outlook of eight per cent.
Strengthened by robust projections in Western Canada, employers in the Mining sector project a solid hiring pace with a seasonally adjusted Net Employment Outlook of 28 per cent. In the Public Administration and Construction sectors employers expect healthy hiring climates both reporting seasonally adjusted Net Employment Outlooks of 22 per cent. Employers in the Finance, Insurance and Real Estate as well as employers in the Transportation and Public Utilities sectors expect upbeat markets for job seekers reporting Net Employment Outlooks of 20 and 17 per cent, respectively.
Mining
Reporting a five percentage point increase from the previous quarter, employers in the Mining sector project a solid fourth quarter with a seasonally adjusted Net Employment Outlook of 28 per cent. When compared to the fourth quarter of 2007, the Outlook has decreased by ten percentage points.
Public Administration
Employers in the Public Administration sector anticipate a steady hiring climate with a seasonally adjusted Net Employment Outlook of 22 per cent. Hiring projections have increased by eight percentage points from the previous quarter. However, this quarter’s forecast remains the same as last year’s fourth quarter.
Construction
Reporting a seasonally adjusted Net Employment Outlook of 22 per cent, employers in the Construction sector project an active staffing period for the final quarter of 2008. The Outlook has increased 11 percentage points from the previous quarter but has decreased six percentage points since the same time last year.
Finance, Insurance and Real Estate
With a seasonally adjusted Net Employment Outlook of 20 per cent, employers in the Finance, Insurance and Real Estate sector anticipate a favourable hiring pace. This quarter’s forecast is six percentage points stronger than the Outlook reported in third quarter. However, the Outlook is four percentage points weaker when compared to the same time last year.
Transportation and Public Utilities
In the Transportation and Public Utilities sector employers predict a positive hiring climate for the upcoming October to December period, reporting a Net Employment Outlook of 17 per cent once seasonal variations are removed from the data – two percentage points weaker than the previous quarter when the seasonally adjusted outlook was 19 per cent. When compared to the fourth quarter of 2007, the Net Employment Outlook improves by two percentage points.
Services
Employers in the Services sector also expect a positive hiring climate for the final quarter of 2008, reporting a seasonally adjusted Net Employment Outlook of 17 per cent. This is on par with the Outlook reported last quarter and is a slight decrease from the same time last year when the seasonally adjusted Net Employment Outlook was 20 per cent.
Wholesale and Retail Trade
In the Wholesale and Retail Trade sector employers report a Net Employment Outlook of 15 per cent once seasonally adjustments are made. This is a five percentage point increase from the previous quarter. However, this sector has experienced a ten percentage point decrease from the same time last year. Despite these fluctuations employers expect an upbeat quarter for the October to December period of 2008.
Manufacturing – Durable Goods
Employers in the Manufacturing – Durable Goods sector report a seasonally adjusted Net Employment Outlook of 13 per cent, indicating a respectable hiring climate. This is a seven percentage point increase from the previous quarter when the seasonally adjusted Net Employment Outlook was six per cent and is a one percentage point increase from the same time last year.
Manufacturing – Non-Durable Goods
Reporting a seasonally adjusted Net Employment Outlook of ten per cent, employers in the Manufacturing – Non-Durable Goods sector employers anticipate a hopeful hiring climate for the upcoming quarter. This is a ten percentage point increase from the previous quarter when the sector experienced a flat hiring climate. It is, however, a slight decrease from the same time last year when the Net Employment Outlook was 11 per cent.
Education
Employers in the Education sector expect a mild hiring climate for the upcoming quarter, reporting a seasonally adjusted Net Employment Outlook of four per cent. Employer optimism is declining when compared to the previous quarter, when the Net Employment Outlook was eight per cent, and also by nine percentage points from the same time last year.
Labels: Canada, Manpower Employment Outlook Survey
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