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The survey of more than 1,700 Canadian employers reveals that 21 per cent plan to increase their payrolls in the next three months while 5 per cent anticipate cutbacks, for an overall Net Employment Outlook of 16 per cent. Of those polled, 70 per cent expect no change and four per cent are unsure of their staffing intentions in the upcoming quarter.
With seasonal variations removed from the survey data, the Net Employment Outlook of ten per cent is a nine percentage point decline from the previous quarter, indicating hiring intentions should be fair for the second quarter of 2008.
"This quarter's Net Employment Outlook indicates that the moderate hiring activity seen in the previous quarter has weakened in second quarter of 2008," said Yvonne Tennenbaum, Regional Director for Manpower Canada. "Employers are telling us that over the next three months they plan on adding to their payrolls at a slower pace than in the previous quarter."
"Employers in Atlantic and Western Canada report active hiring climates that are ahead of the national forecast," adds Tennenbaum. "With a Net Employment Outlook of 25 per cent, Atlantic Canada employers project a solid hiring climate. Employers in Western Canada also anticipate an upbeat quarter with a Net Employment Outlook of 18 per cent, as do Ontario employers, who report a Net Employment Outlook of 15 per cent."
Strengthened by bright projections in Atlantic Canada, Canadian employers in the Public Administration and Services sectors both expect a solid hiring pace with Net Employment Outlooks of 19 and 17 per cent respectively. With Net Employment Outlooks of 15 and 14 per cent, employers in the Mining and Wholesale and Retail Trade sectors expect a steady market for job seekers.
Public Administration
Employers in the Public Administration sector anticipate an upbeat hiring climate with a seasonally adjusted Net Employment Outlook of 19 per cent. Hiring projections have increased by two percentage points from the previous quarter and have declined ten percentage points from the same time last year.
Services
In the Services sector, employers project a favourable hiring climate with a seasonally adjusted Net Employment Outlook of 17 per cent, which is a two-percentage point decline from the previous quarter. It is also a five-percentage point drop from the same time last year when the seasonally adjusted Net Employment Outlook was 22 per cent.
Mining
With a second quarter seasonally adjusted Net Employment Outlook of 15 per cent, Mining sector employers predict an upbeat period, despite the 21 percentage point decline from the previous quarter and a 18 percentage point decline from the same time last year.
Wholesale and Retail Trade
Employers in the Wholesale and Retail Trade sector report a Net Employment Outlook of 14 per cent, once seasonal variations are removed. This is considerably weaker than the previous quarter when the Net Employment Outlook was 28 per cent and slightly weaker than last year's second quarter results of 17 per cent.
Finance, Insurance and Real Estate
Employers in the Finance, Insurance and Real Estate sector project a moderate hiring pace with a seasonally adjusted Net Employment Outlook of nine per cent. This quarter's Outlook indicates a decline of six percentage points from the previous quarter and further decline from the same time last year when the Net Employment Outlook was 21 percent.
Education
Employers in the Education sector expect a moderate hiring climate for the upcoming April to June period reporting a seasonally adjusted Net Employment Outlook of nine per cent. Results have weakened from last quarter and from the same time last year the Net Employment Outlooks were both 15 per cent.
Manufacturing - Durable Goods
Employers in the Manufacturing - Durable Goods sector report a seasonally adjusted Net Employment Outlook of seven per cent indicating a fair hiring climate. Hiring expectations have declined seven percentage points from the previous quarter, but are slightly stronger than the same time last year when the Net Employment Outlook was six per cent.
Transportation and Public Utilities
In the Transportation and Public Utilities sector employers predict a modest hiring climate for the upcoming April to June period reporting a Net Employment Outlook of five per cent once seasonal variations are removed. Results from this sector have weakened from the same time last year when the Outlook was 22 per cent, and from the previous quarter when the seasonally adjusted Net Employment Outlook was 16 per cent.
Construction
Reporting a seasonally adjusted Net Employment Outlook of zero, employers in the Construction sector project a flat staffing period for the second quarter of 2008. Results from this sector decreased 40 percentage points from the previous quarter and 31 percentage points compared with the same time last year.
Manufacturing - Non-Durable Goods
For the second quarter of 2008, Manufacturing - Non-Durable Goods sector employers anticipate a downbeat hiring climate with a Net Employment Outlook of minus one per cent. This is the only negative sector Outlook, and is 10 percentage points weaker than last quarter when the Net Employment Outlook was nine per cent. The Outlook is also considerably weaker in a comparison with the second quarter of 2007 when the Net Employment Outlook was 10 per cent.
Note to Editors
Full survey results for each of the 32 countries and territories included in this quarter's survey, plus regional and global comparisons, can be found in the Manpower Press Room at www.manpower.com/meos. In addition, all tables and graphs from the full report are available to be downloaded for use in publication or broadcast from the Manpower Web site at http://www.manpower.com/library.
Note that in Quarter 2 of 2008, the survey adopted the TRAMO-SEATS model for seasonal adjustment of data. As a result, you may notice some seasonally adjusted data points change slightly from previous reports. This model is recommended by the Eurostat department of the European Union and the European Central Bank and is widely used internationally.
About the Survey
The Manpower Employment Outlook Survey is conducted quarterly to measure employers' intentions to increase or decrease the number of employees in their workforce during the next quarter. It is the most extensive forward-looking survey of its kind, unparalleled in its size, scope, longevity and area of focus. The Survey has been running for more than 45 years and is one of the most trusted surveys of employment activity in the world. The Manpower Employment Outlook Survey is based on interviews with more than 55,000 public and private employers worldwide and is considered a highly respected economic indicator.
The Manpower Employment Outlook Survey is currently available for 32 countries and territories: Argentina, Australia, Austria, Belgium, Canada, China, Costa Rica, Czech Republic, France, Germany, Greece, Guatemala, Hong Kong, India, Ireland, Italy, Japan, Mexico, Netherlands, New Zealand, Norway, Peru, Poland, Romania, Singapore, Spain, South Africa, Sweden, Switzerland, Taiwan, the United Kingdom and the United States. The program began in the United States and Canada in 1962, and the United Kingdom was added in 1966. Mexico and Ireland launched the survey in 2002, and 13 additional countries were added to the program in 2003. New Zealand joined the program in 2004, China, India, Switzerland and Taiwan were added in 2005, and Argentina, Peru, Costa Rica and South Africa joined in 2006. The Czech Republic, Greece, Guatemala, Poland and Romania joined in 2008. For more information, visit the Manpower Inc. Web site at www.manpower.com and enter the Research Center.
About Manpower Canada
With over 50 offices strategically located across the country, Manpower Canada's staffing services include administrative, industrial, skilled trades and contact centre personnel as well as the assignment of contract professionals in information technology, scientific, finance, engineering, telecommunications and other professional areas under the Manpower Professional brand. More information can be found on Manpower Canada's Web sites: manpower.ca and manpowerprofessional.ca.
SOURCE: Manpower Inc.
John Settino, The iPR Group, (416) 901-5963, john@theiprgroup.ca
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