Canadian employers expect a steady hiring climate for the fourth quarter of 2010, according to the latest results of the Manpower Employment Outlook Survey. Meanwhile, employers in the Manufacturing-Durables industry sector are anticipating a particularly active hiring pace in the next three months and reporting the sector's strongest outlook in the last 10 years.
With seasonal variations taken into account, the outlook of 15 percent is a four percentage point increase from the previous quarter, when employers reported a Net Employment Outlook of 11 percent. the outlook has increased by 10 percentage points from the same time last year, when employers reported an outlook of 5 percent.
The survey of nearly 1,900 Canadian employers reveals that 21 percent plan to increase their payrolls in the fourth quarter of 2010, while seven percent anticipate cutbacks. Of those surveyed, 70 percent of employers expect to maintain their current staffing levels and two percent are unsure of their hiring intentions for the upcoming quarter.
"This quarter's Net Employment Outlook indicates that the hiring climate will remain steady for the fourth quarter of 2010," says Byrne Luft, vice president of staffing operations for Manpower Canada. "Employers are telling us that they plan to continue to increase their payrolls at a similar pace for the rest of the year. And there are other reasons for optimism, as well. The national Outlook is the strongest in almost two years, while the outlook reported by employers in the Manufacturing-Durables industry sector is the most optimistic forecast in the last decade."
Of the 10 surveyed industry sectors, employers in the Mining and Manufacturing-Durable Goods sectors report the most positive results for the fourth quarter of 2010, with projected Net Employment Outlooks of 25 percent and 21 percent, respectively. This is followed by the Finance, Insurance and Real Estate sector, where industry employers anticipate an upbeat climate, reporting a Net Employment Outlook of 19 percent.
Mining
Employers anticipate an active fourth quarter, reporting a Net Employment Outlook of 25 percent once seasonal variations are removed. This is a five percentage point increase from the previous quarter. It is also a 16 percentage point improvement from the seasonally adjusted Outlook reported during the same time last year.
Manufacturing-Durable Goods
In the Manufacturing-Durable Goods sector, employers also anticipate an active hiring climate for the upcoming quarter with a Net Employment Outlook of 21 percent. This forecast is a nine percentage point increase from the hopeful outlook reported during the previous quarter. It is also a significant improvement from the outlook of minus one percent which was reported during the same time last year.
Manufacturing-Non-Durable Goods
Reporting a Net Employment Outlook of 14 percent, employers expect a respectable hiring climate for the upcoming quarter. This forecast is a six percentage point increase from the outlook projected during the previous quarter. It is also an eight percentage point improvement from the same time last year.
Finance, Insurance & Real Estate
Employers forecast an upbeat hiring climate, reporting a Net Employment Outlook of 19 percent for the fourth quarter of 2010. This is an eight percentage point increase from the previous quarter. It is also a 10 percentage point improvement from the same time last year.
Transportation & Public Utilities
Employers report a seasonally adjusted Net Employment Outlook of 14 percent, improving ten percentage points from both the previous quarter and from the same time last year.
Education
Employers report a Net Employment Outlook of 13 percent for the fourth quarter of 2010. This is a four percentage point increase from the previous quarter, and is also an 11 percentage point improvement from the outlook reported during the same time last year indicating a hopeful hiring climate for the upcoming quarter.
Construction
Employers expect a respectable hiring environment for the fourth quarter of 2010, reporting a Net Employment Outlook of 13 percent. This is a drop from the previous quarter, when employers reported an outlook of 16 percent. However, it is a slight increase from the same time last year when industry employers reported an outlook of 10 percent, suggesting a favorable hiring climate for the final quarter of 2010.
Public Administration
In the Public Administration industry sector, employers anticipate a hopeful hiring climate for the fourth quarter of 2010, reporting a Net Employment Outlook of 12 percent. This quarter's forecast is an increase from both the previous quarter and the same time last year when industry employers reported Net Employment Outlooks of 6 and 8 percent, respectively, indicating an upbeat hiring climate for the upcoming quarter.
Services
With a Net Employment Outlook of 12 percent, employers in the Services industry sector expect a steady hiring climate for the fourth quarter of 2010. This quarter's outlook improves from the previous quarter, when industry employers reported an Outlook of 10 percent. It is also an improvement from the same time last year, when employers reported a Net Employment Outlook of six percent.
Wholesale & Retail Trade
Employers report a Net Employment Outlook of 12 percent, indicating an upbeat hiring climate for the upcoming quarter. This quarter's outlook is unchanged from the previous quarter, but has improved since the same time last year when employers reported an Outlook of seven percent.
Regional Hiring Intentions Favorable
"Regionally, employers in Atlantic and Western Canada anticipate the most favorable hiring climates," adds Luft. "The survey data indicates employers in Atlantic Canada have positive hiring intentions for the coming quarter, reporting a Net Employment Outlook of 17 percent. The upbeat forecast for this region is due in part to the bright hiring forecast reported by employers in the Manufacturing-Durable Goods industry sector as many of these firms are located in this region. Similarly bolstered by solid hiring projections in the Mining industry sector, employers in Western Canada anticipate a steady hiring environment for the upcoming quarter, also reporting a Net Employment Outlook of 17 percent." Meanwhile, employers in Ontario expect a respectable hiring climate with an outlook of 14 percent, and Quebec area employers anticipate a moderate fourth quarter reporting a Net Employment Outlook of 8 percent.
For a video overview of the survey, visit: http://manpower.ca/ca/en/research/meos/default.jsp