Manpower Employment Outlook Survey Reveals Canadian Employers Expect a Fair Hiring Climate for Second Quarter of 2010.
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(Toronto, ON, March 9, 2010) – Canadian employers expect a fair hiring climate for the second quarter of 2010, according to the latest results of the Manpower Employment Outlook Survey, the most extensive, forward-looking employment survey in the world.
With seasonal variations taken into account, the Net Employment Outlook of seven per centindicates that employers anticipate a modest hiring climate for the upcoming quarter. This forecast is a three percentage point decrease from the previous quarter when employers reported a seasonallyadjusted Net Employment Outlook of 10 per cent.
However, the Outlook has increased by six percentage points from the same time last year. The survey of more than 1,900 Canadian employers reveals that 17 per cent plan to increase their payrolls in the second quarter of 2010, while six per cent anticipate cutbacks. Of those surveyed 75 per cent of employers expect to maintain their current staffing levels and two per cent are unsure of their hiring intentions for the upcoming quarter.
“This quarter’s Net Employment Outlook indicates that the hopeful hiring climate reported in the previous quarter will continue to improve in the second quarter of 2010,” says Byrne Luft, VP, Marketing for Manpower Canada. “Employers who intend to hire are telling us that they plan to hire at a moderately stronger pace than during the same time last year and that’s good news. But most – three in four – are telling us they will make no changes to their payrolls in the quarter ahead indicating added stability in the labour market.”
Page 2 of 4 Of the 10 surveyed industry sectors, employers in the Education and Mining industry sectors report the most favourable results for the second quarter of 2010 with projected Net Employment Outlooks of 15 per cent, once seasonal variations are removed from the data. This is followed by the Construction sector, where employers anticipate a respectable hiring climate, reporting a seasonally adjusted Net Employment Outlook of 10 per cent.