Five-year employment boom is over

Just 16 per cent of companies intend to hire in Q1: survey
||Last Updated: 07/21/2003

The five-year trend of employment expansion will come to an end early next year according to a study performed by staffing firm Manpower Inc.

The survey of nearly 1,700 Canadian companies indicates that hiring activity in the first quarter of 2002 will be considerably lower than for the same period in 2001.

Sixteen per cent of respondents said they plan to hire staff at the beginning of next year (down from 23 per cent last year), but 17 per cent foresee employment declines. Fifty-nine per cent said they anticipate no change.