Hiring expectations for 2005 remain ahead of 2004
The spring forecast is for a bullish employment market, according to the latest hiring survey from staffing and employment services firm Manpower Inc.
Almost one-third (31 per cent) of Canadian employers will be adding employees before June, while just five per cent expect headcount reductions, for a net employment outlook of 26 per cent, according to the Manpower Employment Outlook Survey.
After removing seasonal variations from the data, Manpower projects a net employment outlook of 18 per cent. That is down one per cent from the previous quarter, but hiring expectations remain upbeat. The outlook for the first two quarters of 2005 have been better than all quarters of 2004.
“The regional projections indicate a continued positive hiring climate,” said Deborah Bakti, spokesperson for Manpower Canada.
“Western Canada is again projecting the most robust net employment outlook at 38 per cent, followed by Atlantic Canada with a net employment outlook of 26 per cent.”
By sector, employers in construction and finance, insurance and real estate will be most active in the talent market, with project seasonally adjusted net increases of 24 per cent.
The durable goods manufacturing sector, meanwhile, will see more modest growth of 15 per cent. This is still three per cent better than the first quarter of 2005 and the most optimistic forecast for that sector since the second quarter of 2003.
At the other end of the hiring spectrum, public sector employers expect hiring to be flat with a net outlook of zero per cent. The current outlook is equivalent to that of the second quarter of 2004; however, it is a 16 per cent decrease from the previous quarter.
Almost one-third (31 per cent) of Canadian employers will be adding employees before June, while just five per cent expect headcount reductions, for a net employment outlook of 26 per cent, according to the Manpower Employment Outlook Survey.
After removing seasonal variations from the data, Manpower projects a net employment outlook of 18 per cent. That is down one per cent from the previous quarter, but hiring expectations remain upbeat. The outlook for the first two quarters of 2005 have been better than all quarters of 2004.
“The regional projections indicate a continued positive hiring climate,” said Deborah Bakti, spokesperson for Manpower Canada.
“Western Canada is again projecting the most robust net employment outlook at 38 per cent, followed by Atlantic Canada with a net employment outlook of 26 per cent.”
By sector, employers in construction and finance, insurance and real estate will be most active in the talent market, with project seasonally adjusted net increases of 24 per cent.
The durable goods manufacturing sector, meanwhile, will see more modest growth of 15 per cent. This is still three per cent better than the first quarter of 2005 and the most optimistic forecast for that sector since the second quarter of 2003.
At the other end of the hiring spectrum, public sector employers expect hiring to be flat with a net outlook of zero per cent. The current outlook is equivalent to that of the second quarter of 2004; however, it is a 16 per cent decrease from the previous quarter.
